Energy Fuels (NYSEAMERICAN:UUUU) Sets New 12-Month Low – Time to Sell?

Energy Fuels Inc (NYSEAMERICAN:UUUU)’s stock price hit a new 52-week low during mid-day trading on Thursday. The company traded as low as $10.64 and last traded at $10.71, with a volume of 2484493 shares trading hands. The stock had previously closed at $11.03.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on UUUU shares. The Goldman Sachs Group decreased their target price on shares of Energy Fuels from $29.00 to $21.00 and set a “buy” rating on the stock in a research note on Friday, June 12th. Roth Capital raised shares of Energy Fuels from a “neutral” rating to a “buy” rating and set a $16.00 price objective for the company in a research note on Friday, August 7th. B. Riley Financial dropped their target price 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. HC Wainwright increased their price target on Energy Fuels from $29.00 to $29.25 and gave the stock a “buy” rating in a research note on Tuesday, September 1st. Finally, Zacks Research downgraded Energy Fuels from a “hold” rating to a “strong sell” rating in a research report on Tuesday, August 11th. Five research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $21.85.

Energy Fuels Stock Performance

The firm’s 50-day moving average price is $13.23 and its 200-day moving average price is $15.86. 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 stock has a market cap of $2.87 billion, a P/E ratio of -33.88 and a beta of 1.57.

Energy Fuels (NYSEAMERICAN:UUUU) last issued 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 company had revenue of $25.11 million for the quarter. Energy Fuels had a negative return on equity of 11.29% and a negative net margin of 77.75%. Sell-side analysts expect that Energy Fuels Inc will post -0.25 earnings per share for the current fiscal year.

Insider Activity

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

Institutional Trading of Energy Fuels

Large investors have recently added to or reduced their stakes in the company. Royal Bank of Canada lifted its position in Energy Fuels by 876.1% in the first quarter. Royal Bank of Canada now owns 874,126 shares of the company’s stock worth $15,953,000 after buying an additional 986,758 shares during the last quarter. CenterBook Partners LP bought a new position in Energy Fuels during the fourth quarter valued at $10,252,000. Bank of New York Mellon Corp purchased a new stake in shares of Energy Fuels in the second quarter valued at $9,331,000. Renaissance Technologies LLC bought a new stake in shares of Energy Fuels in the 1st quarter worth about $11,640,000. Finally, Temasek Holdings Private Ltd bought a new stake in shares of Energy Fuels in the 1st quarter worth about $10,183,000. Institutional investors own 48.24% of the company’s stock.

Energy Fuels Company Profile

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.