Analysts Set Energy Fuels Inc (NYSEAMERICAN:UUUU) Target Price at $21.80

Shares of Energy Fuels Inc (NYSEAMERICAN:UUUU) have earned a consensus recommendation of “Moderate Buy” from the seven research firms that are presently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating on the company. The average 1 year target price among brokerages that have covered the stock in the last year is $21.80.

A number of research analysts recently weighed in on UUUU shares. UBS Group raised shares of Energy Fuels to a “neutral” rating in a research report on Friday, August 14th. The Goldman Sachs Group decreased their price objective on shares of Energy Fuels from $29.00 to $21.00 and set a “buy” rating for the company in a research note on Friday, June 12th. Zacks Research cut shares of Energy Fuels from a “hold” rating to a “strong sell” rating in a research report on Tuesday, August 11th. HC Wainwright restated a “buy” rating and issued a $29.00 target price on shares of Energy Fuels in a research note on Monday, June 22nd. Finally, B. Riley Financial reduced their target price on Energy Fuels from $27.00 to $25.00 and set a “buy” rating for the company in a report on Monday, August 10th.

Insiders Place Their Bets

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

Institutional Trading of Energy Fuels

Hedge funds have recently added to or reduced their stakes in the stock. Harbour Investments Inc. grew its position in shares of Energy Fuels by 74.5% during the 4th quarter. Harbour Investments Inc. now owns 1,736 shares of the company’s stock valued at $25,000 after acquiring an additional 741 shares during the period. Smartleaf Asset Management LLC raised its holdings in shares of Energy Fuels by 75.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,757 shares of the company’s stock worth $25,000 after purchasing an additional 758 shares during the period. Mcguire Capital Advisors Inc. purchased a new position in Energy Fuels in the fourth quarter valued at approximately $27,000. State of Wyoming purchased a new position in Energy Fuels in the fourth quarter valued at approximately $34,000. Finally, EFG International AG bought a new position in Energy Fuels during the fourth quarter valued at $36,000. Institutional investors own 48.24% of the company’s stock.

Energy Fuels Trading Down 6.4%

NYSEAMERICAN UUUU opened at $13.90 on Friday. The firm has a market capitalization of $3.47 billion, a P/E ratio of -43.44 and a beta of 1.53. The business has a fifty day simple moving average of $13.64 and a 200 day simple moving average of $17.50. Energy Fuels has a 12 month low of $8.65 and a 12 month high of $27.90. The company has a current ratio of 27.90, a quick ratio of 25.87 and a debt-to-equity ratio of 0.85.

Energy Fuels (NYSEAMERICAN:UUUU) last posted its quarterly earnings data on Wednesday, August 5th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.09). Energy Fuels had a negative return on equity of 11.29% and a negative net margin of 77.75%.The firm had revenue of $25.11 million for the quarter. On average, analysts predict that Energy Fuels will post -0.25 EPS for the current fiscal year.

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.