Energy Fuels (NYSE:UUUU) Shares Gap Up – What’s Next?

Energy Fuels Inc. (NYSE:UUUU) shares gapped up prior to trading on Wednesday . The stock had previously closed at $5.72, but opened at $5.90. Energy Fuels shares last traded at $6.20, with a volume of 1,576,259 shares trading hands.

Analysts Set New Price Targets

Separately, HC Wainwright raised their price target on shares of Energy Fuels from $10.50 to $10.75 and gave the company a “buy” rating in a research report on Tuesday, October 8th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, Energy Fuels presently has a consensus rating of “Hold” and a consensus price target of $8.67.

Energy Fuels Stock Up 0.7 %

The business has a 50-day simple moving average of $5.07 and a 200-day simple moving average of $5.71. The company has a market cap of $1.07 billion, a PE ratio of -94.93 and a beta of 1.61.

Energy Fuels (NYSE:UUUU) last announced its earnings results on Friday, August 2nd. The company reported ($0.04) earnings per share for the quarter, topping the consensus estimate of ($0.06) by $0.02. Energy Fuels had a negative return on equity of 6.56% and a negative net margin of 27.23%. The business had revenue of $8.72 million during the quarter, compared to the consensus estimate of $3.85 million. On average, research analysts forecast that Energy Fuels Inc. will post -0.11 EPS for the current fiscal year.

Institutional Trading of Energy Fuels

Institutional investors have recently modified their holdings of the stock. Sumitomo Mitsui Trust Holdings Inc. purchased a new position in Energy Fuels in the 1st quarter valued at about $392,000. Principal Financial Group Inc. lifted its position in shares of Energy Fuels by 14.3% in the first quarter. Principal Financial Group Inc. now owns 21,111 shares of the company’s stock valued at $133,000 after acquiring an additional 2,639 shares in the last quarter. Van ECK Associates Corp lifted its position in shares of Energy Fuels by 9.7% in the first quarter. Van ECK Associates Corp now owns 884,539 shares of the company’s stock valued at $5,559,000 after acquiring an additional 78,466 shares in the last quarter. BNP Paribas Financial Markets boosted its stake in shares of Energy Fuels by 54.4% in the first quarter. BNP Paribas Financial Markets now owns 124,693 shares of the company’s stock worth $784,000 after acquiring an additional 43,940 shares during the last quarter. Finally, Janney Montgomery Scott LLC increased its position in shares of Energy Fuels by 19.3% during the first quarter. Janney Montgomery Scott LLC now owns 57,805 shares of the company’s stock worth $364,000 after purchasing an additional 9,335 shares in the last quarter. Institutional investors and hedge funds own 48.24% of the company’s stock.

About Energy Fuels

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.