Energy Fuels (NYSEAMERICAN:UUUU) Stock Price Down 9.3% – Here’s What Happened

Energy Fuels Inc (NYSEAMERICAN:UUUU)’s share price was down 9.3% on Wednesday. The company traded as low as $8.37 and last traded at $8.41. 4,335,475 shares traded hands during trading, a decline of 58% from the average daily volume of 10,219,045 shares. The stock had previously closed at $9.27.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. UBS Group upgraded Energy Fuels to a “neutral” rating in a research note on Friday, August 14th. Roth Capital upgraded shares of Energy Fuels from a “neutral” rating to a “buy” rating and set a $16.00 price target on the stock in a research note on Friday, August 7th. BMO Capital Markets initiated coverage on shares of Energy Fuels in a report on Friday, August 14th. They set an “outperform” rating and a $18.00 price target for the company. B. Riley Financial cut their price target on shares of Energy Fuels from $27.00 to $25.00 and set a “buy” rating for the company in a report on Monday, August 10th. Finally, HC Wainwright raised their price objective on shares of Energy Fuels from $29.00 to $29.25 and gave the company a “buy” rating in a research report on Tuesday, September 1st. Five research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $21.85.

Energy Fuels Price Performance

The company has a debt-to-equity ratio of 0.85, a current ratio of 27.90 and a quick ratio of 25.87. The company’s 50 day moving average is $12.97 and its 200 day moving average is $15.35. The stock has a market cap of $2.21 billion, a price-to-earnings ratio of -26.06 and a beta of 1.77.

Energy Fuels (NYSEAMERICAN:UUUU) last issued its earnings results on Wednesday, August 5th. The company reported ($0.13) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.09). Energy Fuels had a negative return on equity of 11.29% and a negative net margin of 77.75%. The company had revenue of $25.11 million for the quarter. Research analysts forecast that Energy Fuels Inc will post -0.25 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Energy Fuels

Hedge funds have recently bought and sold shares of the company. Accel Wealth Management raised its holdings in Energy Fuels by 3.7% during the third quarter. Accel Wealth Management now owns 35,953 shares of the company’s stock worth $397,000 after purchasing an additional 1,294 shares during the last quarter. WINTON GROUP Ltd boosted its position in Energy Fuels by 5.1% during the second quarter. WINTON GROUP Ltd now owns 193,503 shares of the company’s stock worth $2,806,000 after purchasing an additional 9,400 shares in the last quarter. Engineers Gate Manager LP acquired a new stake in Energy Fuels in the second quarter valued at $358,000. Integrated Wealth Concepts LLC acquired a new stake in Energy Fuels in the second quarter valued at $107,000. Finally, NewEdge Advisors LLC grew its holdings in Energy Fuels by 91.7% in the second quarter. NewEdge Advisors LLC now owns 51,678 shares of the company’s stock valued at $749,000 after purchasing an additional 24,723 shares during the last quarter. 48.24% of the stock is owned by hedge funds and other institutional investors.

Energy Fuels Company Profile

Energy Fuels Inc is a U.S.-based critical minerals company focused on uranium, rare earth elements and vanadium. The company produces uranium concentrate, commonly known as yellowcake, for the nuclear energy industry and maintains a portfolio of uranium mines, mining projects and mineral properties primarily in the United States.

Energy Fuels owns and operates the White Mesa Mill in Utah, which it describes as the only conventional uranium mill currently operating in the United States.