HC Wainwright Issues Pessimistic Forecast for Energy Fuels (NYSEAMERICAN:UUUU) Stock Price

Energy Fuels (NYSEAMERICAN:UUUU) had its price target decreased by HC Wainwright from $29.25 to $22.50 in a research note issued to investors on Thursday, Benzinga reports. The firm currently has a “buy” rating on the stock. HC Wainwright‘s target price points to a potential upside of 246.63% from the company’s current price.

Other equities research analysts also recently issued reports about the stock. Zacks Research upgraded shares of Energy Fuels from a “strong sell” rating to a “hold” rating in a report on Friday, October 9th. UBS Group upgraded Energy Fuels to a “neutral” rating in a research note on Friday, August 14th. B. Riley Financial lowered their price objective on Energy Fuels from $25.00 to $19.00 and set a “buy” rating for the company in a report on Wednesday, October 28th. Roth Capital upgraded Energy Fuels from a “neutral” rating to a “buy” rating and set a $16.00 target price for the company in a research report on Friday, August 7th. Finally, BMO Capital Markets initiated coverage on Energy Fuels in a research note on Friday, August 14th. They set an “outperform” rating and a $18.00 price objective on the stock. Five equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $19.30.

Energy Fuels Price Performance

Shares of NYSEAMERICAN UUUU traded down $0.69 during midday trading on Thursday, hitting $6.49. The company had a trading volume of 8,366,431 shares, compared to its average volume of 10,210,557. The company has a quick ratio of 25.87, a current ratio of 27.90 and a debt-to-equity ratio of 0.85. Energy Fuels has a twelve month low of $6.21 and a twelve month high of $27.90. The business has a 50-day simple moving average of $10.90 and a two-hundred day simple moving average of $16.15. The firm has a market capitalization of $1.72 billion, a price-to-earnings ratio of -20.11 and a beta of 1.82.

Energy Fuels (NYSEAMERICAN:UUUU) last issued its earnings results on Wednesday, November 4th. The company reported ($0.20) earnings per share for the quarter, missing the consensus estimate of ($0.10) by ($0.10). The company had revenue of $29.18 million for the quarter. Energy Fuels had a negative return on equity of 11.29% and a negative net margin of 77.75%. The company’s revenue for the quarter was up 64.8% compared to the same quarter last year. Equities research analysts anticipate that Energy Fuels will post -0.31 earnings per share for the current year.

Institutional Trading of Energy Fuels

Large investors have recently added to or reduced their stakes in the company. Alps Advisors Inc. lifted its holdings in shares of Energy Fuels by 13.9% in the third quarter. Alps Advisors Inc. now owns 11,060,390 shares of the company’s stock valued at $121,996,000 after purchasing an additional 1,349,502 shares in the last quarter. Royal Bank of Canada raised its position in Energy Fuels by 876.1% during the first quarter. Royal Bank of Canada now owns 874,126 shares of the company’s stock valued at $15,953,000 after buying an additional 986,758 shares during the period. Bank of New York Mellon Corp purchased a new stake in Energy Fuels in the 2nd quarter worth about $9,331,000. Renaissance Technologies LLC purchased a new stake in Energy Fuels in the 1st quarter worth about $11,640,000. Finally, Temasek Holdings Private Ltd purchased a new stake in Energy Fuels in the 1st quarter worth about $10,183,000. 48.24% of the stock is owned by institutional investors and hedge funds.

Energy Fuels Company Profile

Energy Fuels Inc is a U.S.-based critical minerals company focused on the exploration, recovery, processing and production of uranium, vanadium and rare earth elements. The company supplies uranium concentrates for the nuclear energy industry and also develops other critical mineral products used in advanced manufacturing, electronics and clean-energy technologies.

Energy Fuels owns and operates the White Mesa Mill in Utah, a major U.S. facility capable of processing conventional uranium and vanadium ores as well as certain alternative feed materials.