Energy Fuels (NYSE:UUUU) Trading Down 3.6% – Here’s Why

Shares of Energy Fuels Inc. (NYSE:UUUU) traded down 3.6% on Wednesday . The company traded as low as $5.36 and last traded at $5.39. 568,543 shares were traded during trading, a decline of 81% from the average session volume of 2,960,302 shares. The stock had previously closed at $5.59.

Wall Street Analyst Weigh In

Separately, HC Wainwright raised their price objective on shares of Energy Fuels from $10.50 to $10.75 and gave the stock a “buy” rating in a report on Tuesday. One analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $8.67.

Energy Fuels Price Performance

The business’s fifty day moving average price is $4.93 and its 200 day moving average price is $5.73.

Energy Fuels (NYSE:UUUU) last announced its earnings results on Friday, August 2nd. The company reported ($0.04) EPS for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.02. The business had revenue of $8.72 million for the quarter, compared to analysts’ expectations of $3.85 million. Energy Fuels had a negative net margin of 27.23% and a negative return on equity of 6.56%. Analysts predict that Energy Fuels Inc. will post -0.11 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Energy Fuels

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. grew its position in Energy Fuels by 1.4% in the 1st quarter. Vanguard Group Inc. now owns 6,014,689 shares of the company’s stock valued at $37,832,000 after buying an additional 82,766 shares during the last quarter. MMCAP International Inc. SPC boosted its position in shares of Energy Fuels by 56.5% during the 1st quarter. MMCAP International Inc. SPC now owns 5,780,394 shares of the company’s stock worth $36,359,000 after purchasing an additional 2,087,385 shares in the last quarter. Vident Advisory LLC boosted its position in shares of Energy Fuels by 30.8% during the 1st quarter. Vident Advisory LLC now owns 1,507,537 shares of the company’s stock worth $9,482,000 after purchasing an additional 355,242 shares in the last quarter. Van ECK Associates Corp boosted its position in shares of Energy Fuels by 44.4% during the 2nd quarter. Van ECK Associates Corp now owns 1,277,401 shares of the company’s stock worth $7,742,000 after purchasing an additional 392,862 shares in the last quarter. Finally, Goehring & Rozencwajg Associates LLC boosted its position in shares of Energy Fuels by 19.7% during the 2nd quarter. Goehring & Rozencwajg Associates LLC now owns 1,095,044 shares of the company’s stock worth $6,636,000 after purchasing an additional 179,900 shares in the last quarter. 48.24% of the stock is currently owned by hedge funds and other institutional investors.

Energy Fuels Company Profile

Energy Fuels Inc, together with its subsidiaries, engages in the extraction, recovery, recycling, exploration, permitting, evaluation, and sale of uranium mineral properties in the United States. The company produces and sells vanadium pentoxide, rare earth elements, and heavy mineral sands, such as ilmenite, rutile, zircon, and monazite.