Energy Fuels (NYSE:UUUU) Trading 3.7% Higher – What’s Next?

Energy Fuels Inc. (NYSE:UUUU)’s stock price rose 3.7% during mid-day trading on Friday . The stock traded as high as $7.00 and last traded at $6.95. Approximately 1,795,348 shares traded hands during trading, a decline of 42% from the average daily volume of 3,101,200 shares. The stock had previously closed at $6.70.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. HC Wainwright upped their price target on Energy Fuels from $10.75 to $11.00 and gave the stock a “buy” rating in a research report on Monday, November 4th. Roth Mkm reduced their target price on shares of Energy Fuels from $6.00 to $5.50 and set a “neutral” rating for the company in a report on Monday, November 4th.

Energy Fuels Stock Performance

The company has a market cap of $1.29 billion, a P/E ratio of -30.18 and a beta of 1.60. The firm’s fifty day moving average is $5.78 and its two-hundred day moving average is $5.72.

Energy Fuels (NYSE:UUUU) last announced its quarterly earnings data on Thursday, October 31st. The company reported ($0.07) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.02). Energy Fuels had a negative net margin of 90.40% and a negative return on equity of 9.16%. The business had revenue of $4.05 million during the quarter, compared to analysts’ expectations of $5.10 million. On average, equities research analysts expect that Energy Fuels Inc. will post -0.1 EPS for the current year.

Institutional Investors Weigh In On Energy Fuels

Several institutional investors and hedge funds have recently modified their holdings of UUUU. Van ECK Associates Corp increased its holdings in shares of Energy Fuels by 84.8% in the third quarter. Van ECK Associates Corp now owns 2,360,881 shares of the company’s stock worth $12,961,000 after purchasing an additional 1,083,480 shares during the last quarter. The Manufacturers Life Insurance Company grew its holdings in Energy Fuels by 233.1% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 904,190 shares of the company’s stock valued at $4,966,000 after buying an additional 632,713 shares in the last quarter. Lloyd Harbor Capital Management LLC bought a new stake in Energy Fuels in the 2nd quarter worth approximately $2,787,000. Vident Advisory LLC raised its holdings 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 acquiring an additional 355,242 shares in the last quarter. Finally, Stanley Laman Group Ltd. boosted its position in shares of Energy Fuels by 65.2% during the 3rd quarter. Stanley Laman Group Ltd. now owns 785,521 shares of the company’s stock valued at $4,313,000 after acquiring an additional 309,958 shares during the last quarter. Institutional investors own 48.24% of the company’s stock.

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.