Energy Fuels (NYSE:UUUU) Posts Earnings Results, Meets Expectations

Energy Fuels (NYSE:UUUU) posted its earnings results on Friday. The company reported $0.02 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.02, reports. Energy Fuels had a negative return on equity of 6.33% and a negative net margin of 24.83%. The firm had revenue of $25.43 million for the quarter, compared to analysts’ expectations of $26.25 million.

Energy Fuels Trading Down 1.1 %

Shares of UUUU opened at $5.54 on Monday. Energy Fuels has a 52 week low of $5.16 and a 52 week high of $9.02. The stock has a 50 day moving average of $6.65.

Insiders Place Their Bets

In other Energy Fuels news, Director J. Birks Bovaird sold 10,000 shares of Energy Fuels stock in a transaction that occurred on Wednesday, April 3rd. The shares were sold at an average price of $9.28, for a total value of $92,800.00. Following the completion of the sale, the director now owns 187,380 shares of the company’s stock, valued at approximately $1,738,886.40. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 1.92% of the company’s stock.

Institutional Investors Weigh In On Energy Fuels

Large investors have recently made changes to their positions in the company. MMCAP International Inc. SPC grew its holdings in Energy Fuels by 50.7% during the fourth quarter. MMCAP International Inc. SPC now owns 3,693,009 shares of the company’s stock valued at $25,888,000 after purchasing an additional 1,242,546 shares during the period. Alps Advisors Inc. raised its holdings in Energy Fuels by 16.1% during the third quarter. Alps Advisors Inc. now owns 8,763,538 shares of the company’s stock valued at $72,036,000 after acquiring an additional 1,212,972 shares during the period. Ameriprise Financial Inc. raised its holdings in Energy Fuels by 17.2% during the third quarter. Ameriprise Financial Inc. now owns 6,879,065 shares of the company’s stock valued at $56,546,000 after acquiring an additional 1,009,007 shares during the period. FMR LLC lifted its position in shares of Energy Fuels by 1,084.9% in the third quarter. FMR LLC now owns 955,209 shares of the company’s stock valued at $7,848,000 after acquiring an additional 874,593 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Energy Fuels by 7.3% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 9,368,888 shares of the company’s stock worth $67,498,000 after acquiring an additional 638,709 shares during the period. 48.24% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on UUUU. B. Riley initiated coverage on shares of Energy Fuels in a research report on Thursday, April 18th. They set a “buy” rating and a $9.00 price objective on the stock. Roth Mkm boosted their price target on shares of Energy Fuels from $9.25 to $10.50 and gave the company a “buy” rating in a research report on Tuesday, January 23rd. One analyst has rated the stock with a sell rating and three have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $9.83.

Energy Fuels Company Profile

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.