Energy Fuels (NYSEAMERICAN:UUUU) Posts Quarterly Earnings Results, Misses Estimates By $0.10 EPS

Energy Fuels (NYSEAMERICAN:UUUU) announced its quarterly earnings results on Wednesday. The company reported ($0.20) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.10), FiscalAI reports. The company had revenue of $29.18 million for the quarter. Energy Fuels had a negative return on equity of 11.29% and a negative net margin of 77.75%. The business’s revenue was up 64.8% compared to the same quarter last year.

Energy Fuels Stock Performance

UUUU stock traded down $0.91 on Thursday, reaching $6.27. The company’s stock had a trading volume of 5,111,471 shares, compared to its average volume of 10,192,093. Energy Fuels has a 52 week low of $6.27 and a 52 week high of $27.90. The company has a market capitalization of $1.66 billion, a P/E ratio of -19.59 and a beta of 1.82. The firm has a fifty day moving average of $10.90 and a two-hundred day moving average of $16.15. The company has a debt-to-equity ratio of 0.85, a current ratio of 27.90 and a quick ratio of 25.87.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. B. Riley Financial lowered their price objective on Energy Fuels from $25.00 to $19.00 and set a “buy” rating for the company in a research note on Wednesday, October 28th. BMO Capital Markets started 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. HC Wainwright upped their price target on shares of Energy Fuels from $29.00 to $29.25 and gave the stock a “buy” rating in a research report on Tuesday, September 1st. Zacks Research upgraded shares of Energy Fuels from a “strong sell” rating to a “hold” rating in a research report on Friday, October 9th. Finally, UBS Group raised shares of Energy Fuels to a “neutral” rating in a report on Friday, August 14th. Five research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $20.65.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Empowered Funds LLC boosted its stake in Energy Fuels by 4,108.3% during the first quarter. Empowered Funds LLC now owns 511,478 shares of the company’s stock valued at $9,334,000 after buying an additional 499,324 shares in the last quarter. Sapient Capital LLC acquired a new position in Energy Fuels during the first quarter worth about $6,486,000. Renaissance Technologies LLC bought a new stake in Energy Fuels in the first quarter worth about $11,640,000. Goehring & Rozencwajg Associates LLC raised its position in Energy Fuels by 20.8% in the first quarter. Goehring & Rozencwajg Associates LLC now owns 1,484,902 shares of the company’s stock worth $27,099,000 after acquiring an additional 255,494 shares in the last quarter. Finally, Temasek Holdings Private Ltd acquired a new stake in Energy Fuels in the 1st quarter valued at about $10,183,000. Institutional investors and hedge funds own 48.24% of the company’s stock.

Energy Fuels Company Profile

Energy Fuels Inc is a U.S.-based critical minerals company focused on the exploration, recovery, processing and production of uranium, vanadium and rare earth elements. The company supplies uranium concentrates for the nuclear energy industry and also develops other critical mineral products used in advanced manufacturing, electronics and clean-energy technologies.

Energy Fuels owns and operates the White Mesa Mill in Utah, a major U.S. facility capable of processing conventional uranium and vanadium ores as well as certain alternative feed materials.