Traders Purchase High Volume of Energy Fuels Call Options (NYSE:UUUU)

Energy Fuels Inc. (NYSE:UUUU) was the target of unusually large options trading on Monday. Stock investors bought 39,181 call options on the stock. This is an increase of approximately 716% compared to the typical daily volume of 4,800 call options.

Energy Fuels Stock Performance

Energy Fuels stock opened at $7.24 on Wednesday. The stock has a 50-day simple moving average of $5.84 and a 200 day simple moving average of $5.73. The stock has a market capitalization of $1.41 billion, a P/E ratio of -32.91 and a beta of 1.60. Energy Fuels has a 52 week low of $4.19 and a 52 week high of $8.68.

Energy Fuels (NYSE:UUUU) last posted its earnings results on Thursday, October 31st. The company reported ($0.07) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.02). Energy Fuels had a negative return on equity of 9.16% and a negative net margin of 90.40%. The business had revenue of $4.05 million for the quarter, compared to analyst estimates of $5.10 million. Research analysts forecast that Energy Fuels will post -0.1 earnings per share for the current year.

Wall Street Analysts Forecast Growth

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

Institutional Trading of Energy Fuels

Several hedge funds and other institutional investors have recently modified their holdings of UUUU. BNP Paribas Financial Markets grew its position in shares of Energy Fuels by 6.0% in the third quarter. BNP Paribas Financial Markets now owns 29,353 shares of the company’s stock valued at $161,000 after purchasing an additional 1,653 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its position in shares of Energy Fuels by 2.5% in the third quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 94,287 shares of the company’s stock valued at $518,000 after acquiring an additional 2,309 shares during the period. FMR LLC increased its position in Energy Fuels by 3.1% during the third quarter. FMR LLC now owns 82,754 shares of the company’s stock worth $455,000 after acquiring an additional 2,520 shares during the period. ProShare Advisors LLC boosted its holdings in Energy Fuels by 10.8% in the 1st quarter. ProShare Advisors LLC now owns 28,816 shares of the company’s stock valued at $181,000 after purchasing an additional 2,798 shares during the period. Finally, Sequoia Financial Advisors LLC increased its holdings in shares of Energy Fuels by 14.6% during the second quarter. Sequoia Financial Advisors LLC now owns 23,628 shares of the company’s stock worth $143,000 after purchasing an additional 3,014 shares during the period. 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.