Roth Mkm Increases Energy Fuels (NYSE:UUUU) Price Target to $6.00

Energy Fuels (NYSE:UUUU) had its target price raised by equities researchers at Roth Mkm from $4.75 to $6.00 in a research note issued on Wednesday, Benzinga reports. The firm currently has a “neutral” rating on the stock. Roth Mkm’s price target would indicate a potential downside of 2.99% from the stock’s current price.

Separately, HC Wainwright upped their target price on shares of Energy Fuels from $10.50 to $10.75 and gave the company a “buy” rating in a research note on Tuesday, October 8th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat, Energy Fuels presently has an average rating of “Hold” and a consensus price target of $8.58.

Energy Fuels Price Performance

NYSE:UUUU opened at $6.19 on Wednesday. Energy Fuels has a 12 month low of $4.19 and a 12 month high of $8.68. The business’s 50-day moving average is $5.27 and its two-hundred day moving average is $5.70. The firm has a market capitalization of $997.47 million, a PE ratio of -88.36 and a beta of 1.61.

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

Hedge Funds Weigh In On Energy Fuels

A number of institutional investors have recently made changes to their positions in UUUU. Van ECK Associates Corp increased its stake in shares of Energy Fuels by 44.4% in the second quarter. Van ECK Associates Corp now owns 1,277,401 shares of the company’s stock worth $7,742,000 after buying an additional 392,862 shares during the last quarter. Principal Financial Group Inc. raised its stake in shares of Energy Fuels by 14.3% in the 1st quarter. Principal Financial Group Inc. now owns 21,111 shares of the company’s stock valued at $133,000 after purchasing an additional 2,639 shares in the last quarter. Shell Asset Management Co. lifted its position in shares of Energy Fuels by 94.9% during the first quarter. Shell Asset Management Co. now owns 207,465 shares of the company’s stock worth $1,305,000 after purchasing an additional 101,033 shares during the last quarter. Goehring & Rozencwajg Associates LLC grew its stake in Energy Fuels by 19.7% in the second 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. Finally, BNP Paribas Financial Markets increased its holdings in Energy Fuels by 54.4% in the first quarter. BNP Paribas Financial Markets now owns 124,693 shares of the company’s stock valued at $784,000 after buying an additional 43,940 shares during the last quarter. 48.24% of the stock is owned by institutional investors and hedge funds.

About Energy Fuels

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.