Energy Fuels (NYSEAMERICAN:UUUU) Hits New 52-Week Low – What’s Next?

Energy Fuels Inc (NYSEAMERICAN:UUUU)’s stock price hit a new 52-week low on Wednesday. The company traded as low as $10.54 and last traded at $10.57, with a volume of 2318526 shares traded. The stock had previously closed at $11.26.

Analyst Ratings Changes

A number of brokerages have issued reports on UUUU. The Goldman Sachs Group reduced their price target on shares of Energy Fuels from $29.00 to $21.00 and set a “buy” rating on the stock in a report on Friday, June 12th. B. Riley Financial dropped their price objective on shares of Energy Fuels from $27.00 to $25.00 and set a “buy” rating for the company in a report on Monday, August 10th. UBS Group raised Energy Fuels to a “neutral” rating in a report on Friday, August 14th. Zacks Research downgraded Energy Fuels from a “hold” rating to a “strong sell” rating in a research report on Tuesday, August 11th. Finally, Roth Capital raised Energy Fuels from a “neutral” rating to a “buy” rating and set a $16.00 price target for the company in a research note on Friday, August 7th. Five research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $21.85.

Energy Fuels Stock Down 3.1%

The company has a debt-to-equity ratio of 0.85, a current ratio of 27.90 and a quick ratio of 25.87. The company’s 50-day simple moving average is $13.13 and its 200 day simple moving average is $15.53. The firm has a market cap of $2.63 billion, a P/E ratio of -31.06 and a beta of 1.77.

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

Institutional Investors Weigh In On Energy Fuels

Institutional investors have recently modified their holdings of the stock. Empowered Funds LLC lifted its position in Energy Fuels by 4,108.3% in the first quarter. Empowered Funds LLC now owns 511,478 shares of the company’s stock worth $9,334,000 after buying an additional 499,324 shares during the last quarter. Sapient Capital LLC purchased a new position in Energy Fuels during the first quarter worth $6,486,000. Renaissance Technologies LLC bought a new position in Energy Fuels during the first quarter valued at $11,640,000. Goehring & Rozencwajg Associates LLC increased its position in Energy Fuels by 20.8% during the first quarter. Goehring & Rozencwajg Associates LLC now owns 1,484,902 shares of the company’s stock valued at $27,099,000 after acquiring an additional 255,494 shares during the last quarter. Finally, Temasek Holdings Private Ltd purchased a new stake in shares of Energy Fuels in the first quarter valued at $10,183,000. 48.24% of the stock is owned by institutional investors.

About Energy Fuels

Energy Fuels Inc is a U.S.-based critical minerals company focused on uranium, rare earth elements and vanadium. The company produces uranium concentrate, commonly known as yellowcake, for the nuclear energy industry and maintains a portfolio of uranium mines, mining projects and mineral properties primarily in the United States.

Energy Fuels owns and operates the White Mesa Mill in Utah, which it describes as the only conventional uranium mill currently operating in the United States.