Zacks Research Downgrades Energy Fuels (NYSEAMERICAN:UUUU) to Strong Sell

Energy Fuels (NYSEAMERICAN:UUUU) was downgraded by equities researchers at Zacks Research from a “hold” rating to a “strong sell” rating in a report issued on Tuesday,Zacks.com reports.

A number of other research firms also recently commented on UUUU. The Goldman Sachs Group decreased their target price on Energy Fuels from $29.00 to $21.00 and set a “buy” rating on the stock in a research report on Friday, June 12th. Roth Capital upgraded Energy Fuels from a “neutral” rating to a “buy” rating and set a $16.00 price target for the company in a research report on Friday, August 7th. B. Riley Financial cut their price target on Energy Fuels from $27.00 to $25.00 and set a “buy” rating for the company in a research note on Monday. Finally, HC Wainwright reiterated a “buy” rating and issued a $29.00 price objective on shares of Energy Fuels in a research report on Monday, June 22nd. Four equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Energy Fuels has a consensus rating of “Moderate Buy” and a consensus target price of $22.75.

Energy Fuels Trading Down 2.1%

Shares of Energy Fuels stock opened at $14.47 on Tuesday. The company has a 50-day moving average of $13.71 and a two-hundred day moving average of $17.93. Energy Fuels has a 12-month low of $8.16 and a 12-month high of $27.90. The company has a current ratio of 27.51, a quick ratio of 25.59 and a debt-to-equity ratio of 0.93. The stock has a market cap of $3.62 billion, a PE ratio of -45.22 and a beta of 1.53.

Energy Fuels (NYSEAMERICAN:UUUU) last announced its quarterly earnings results on Wednesday, August 5th. The company reported ($0.13) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.09). Energy Fuels had a negative return on equity of 11.65% and a negative net margin of 77.75%.The firm had revenue of $25.11 million for the quarter. On average, research analysts anticipate that Energy Fuels will post -0.25 EPS for the current fiscal year.

Insider Buying and Selling at Energy Fuels

In related news, CEO Ross R. Bhappu acquired 74,000 shares of Energy Fuels stock in a transaction dated Tuesday, July 7th. The shares were acquired at an average cost of $13.08 per share, for a total transaction of $967,920.00. Following the completion of the transaction, the chief executive officer directly owned 256,583 shares of the company’s stock, valued at $3,356,105.64. The trade was a 40.53% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Bruce D. Hansen acquired 4,000 shares of the firm’s stock in a transaction that occurred on Wednesday, July 8th. The shares were bought at an average cost of $12.70 per share, for a total transaction of $50,800.00. Following the purchase, the director owned 313,844 shares of the company’s stock, valued at approximately $3,985,818.80. The trade was a 1.29% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 0.97% of the company’s stock.

Institutional Investors Weigh In On Energy Fuels

Several hedge funds have recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in Energy Fuels by 26.1% in the 4th quarter. Vanguard Group Inc. now owns 14,978,848 shares of the company’s stock valued at $217,449,000 after acquiring an additional 3,095,806 shares during the last quarter. Bank of America Corp DE lifted its stake in shares of Energy Fuels by 93.6% during the 2nd quarter. Bank of America Corp DE now owns 4,366,108 shares of the company’s stock worth $25,105,000 after purchasing an additional 2,111,466 shares during the period. Morgan Stanley boosted its holdings in shares of Energy Fuels by 108.7% during the fourth quarter. Morgan Stanley now owns 3,952,694 shares of the company’s stock worth $57,472,000 after purchasing an additional 2,058,920 shares during the last quarter. Van ECK Associates Corp boosted its holdings in shares of Energy Fuels by 18.8% during the fourth quarter. Van ECK Associates Corp now owns 12,108,694 shares of the company’s stock worth $176,052,000 after purchasing an additional 1,913,952 shares during the last quarter. Finally, BNP Paribas Financial Markets grew its position in shares of Energy Fuels by 530.6% in the second quarter. BNP Paribas Financial Markets now owns 2,068,155 shares of the company’s stock valued at $11,892,000 after purchasing an additional 1,740,183 shares during the period. 48.24% of the stock is owned by institutional investors and hedge funds.

About Energy Fuels

Energy Fuels Inc (NYSE American: UUUU) is a U.S.-based mineral resources company focused on the production and processing of uranium, rare earth elements and other strategic minerals. The company’s core business activity centers on supplying nuclear fuel to power generators, leveraging a diversified portfolio of conventional and in-situ recovery (ISR) uranium mines located primarily on the Colorado Plateau, in Wyoming and in Texas.

At the heart of Energy Fuels’ operations is the White Mesa Mill in southeastern Utah, the only conventional uranium-vanadium mill currently permitted and operating in the United States.