Energy Fuels (NYSEAMERICAN:UUUU) Trading Down 7.8% – Should You Sell?

Energy Fuels Inc (NYSEAMERICAN:UUUU)’s stock price was down 7.8% during mid-day trading on Tuesday . The stock traded as low as $16.04 and last traded at $16.04. Approximately 5,227,247 shares were traded during trading, a decline of 58% from the average daily volume of 12,370,467 shares. The stock had previously closed at $17.40.

Analyst Ratings Changes

Several analysts have issued reports on UUUU shares. The Goldman Sachs Group started coverage on shares of Energy Fuels in a research note on Tuesday, February 10th. They set a “buy” rating and a $30.00 target price on the stock. HC Wainwright boosted their target price on shares of Energy Fuels from $27.25 to $29.00 and gave the company a “buy” rating in a research note on Friday, May 8th. B. Riley Financial boosted their target price on shares of Energy Fuels to $27.00 and gave the company a “buy” rating in a research note on Tuesday, January 20th. Finally, Roth Mkm reissued a “neutral” rating and set a $17.00 target price on shares of Energy Fuels in a research note on Monday, May 11th. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $25.75.

Energy Fuels Stock Performance

The firm’s fifty day moving average price is $19.54 and its 200 day moving average price is $18.82. 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 firm has a market capitalization of $3.86 billion, a PE ratio of -56.07 and a beta of 1.52.

Energy Fuels (NYSEAMERICAN:UUUU) last posted its quarterly earnings results on Wednesday, May 6th. The company reported ($0.04) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.02). Energy Fuels had a negative net margin of 83.26% and a negative return on equity of 10.23%. During the same quarter in the previous year, the firm earned ($0.13) EPS. The company’s revenue was up 112.1% compared to the same quarter last year. On average, research analysts anticipate that Energy Fuels Inc will post -0.14 earnings per share for the current year.

Insider Activity at Energy Fuels

In related news, Director Dennis Lyle Higgs sold 8,000 shares of the company’s stock in a transaction on Monday, March 9th. The shares were sold at an average price of $19.62, for a total value of $156,960.00. Following the completion of the sale, the director directly owned 157,113 shares in the company, valued at approximately $3,082,557.06. This represents a 4.85% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Barbara Appelin Filas sold 5,000 shares of the company’s stock in a transaction on Monday, March 9th. The stock was sold at an average price of $19.51, for a total transaction of $97,550.00. Following the completion of the sale, the director owned 160,261 shares of the company’s stock, valued at $3,126,692.11. This represents a 3.03% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 69,000 shares of company stock valued at $1,361,200. Insiders own 0.97% of the company’s stock.

Institutional Investors Weigh In On Energy Fuels

A number of large investors have recently bought and sold shares of UUUU. Vanguard Group Inc. boosted its holdings in Energy Fuels by 50.6% in the third quarter. Vanguard Group Inc. now owns 11,883,042 shares of the company’s stock worth $182,420,000 after purchasing an additional 3,991,202 shares in the last quarter. Van ECK Associates Corp boosted its holdings in Energy Fuels by 35.4% in the third quarter. Van ECK Associates Corp now owns 10,194,742 shares of the company’s stock worth $156,489,000 after purchasing an additional 2,664,735 shares in the last quarter. Bank of America Corp DE boosted its holdings in Energy Fuels by 93.6% in the second 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 in the last quarter. Morgan Stanley boosted its holdings in Energy Fuels by 108.7% during the fourth quarter. Morgan Stanley now owns 3,952,694 shares of the company’s stock valued at $57,472,000 after acquiring an additional 2,058,920 shares during the period. Finally, BNP Paribas Financial Markets boosted its holdings in Energy Fuels by 530.6% during the second quarter. BNP Paribas Financial Markets now owns 2,068,155 shares of the company’s stock valued at $11,892,000 after acquiring an additional 1,740,183 shares during the period. 48.24% of the stock is currently owned by institutional investors.

Energy Fuels Company Profile

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.