Energy Fuels (NYSE:UUUU) Trading Down 5.1% – What’s Next?

Energy Fuels Inc. (NYSE:UUUU) shares fell 5.1% during mid-day trading on Wednesday . The stock traded as low as $6.86 and last traded at $6.86. 1,151,857 shares traded hands during mid-day trading, a decline of 63% from the average session volume of 3,138,870 shares. The stock had previously closed at $7.23.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Roth Mkm dropped their price target on Energy Fuels from $6.00 to $5.50 and set a “neutral” rating on the stock in a research report on Monday, November 4th. HC Wainwright upped their price objective on shares of Energy Fuels from $10.75 to $11.00 and gave the company a “buy” rating in a report on Monday, November 4th.

Energy Fuels Stock Performance

The firm has a market capitalization of $1.37 billion, a PE ratio of -31.64 and a beta of 1.60. The business’s 50 day moving average is $5.93 and its two-hundred day moving average is $5.75.

Energy Fuels (NYSE:UUUU) last announced its quarterly earnings results on Thursday, October 31st. The company reported ($0.07) earnings per share for the quarter, missing the consensus estimate of ($0.05) by ($0.02). The company had revenue of $4.05 million during the quarter, compared to analysts’ expectations of $5.10 million. Energy Fuels had a negative net margin of 90.40% and a negative return on equity of 9.16%. As a group, equities research analysts predict that Energy Fuels Inc. will post -0.1 EPS for the current year.

Insider Activity

In related news, Director Dennis Lyle Higgs sold 18,615 shares of the stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $7.23, for a total value of $134,586.45. Following the sale, the director now owns 291,422 shares in the company, valued at approximately $2,106,981.06. This trade represents a 6.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 1.92% of the company’s stock.

Hedge Funds Weigh In On Energy Fuels

Institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its holdings in shares of Energy Fuels by 1.4% in the 1st quarter. Vanguard Group Inc. now owns 6,014,689 shares of the company’s stock worth $37,832,000 after buying an additional 82,766 shares during the last quarter. Van ECK Associates Corp grew its position in Energy Fuels by 84.8% in the third quarter. Van ECK Associates Corp now owns 2,360,881 shares of the company’s stock worth $12,961,000 after acquiring an additional 1,083,480 shares in the last quarter. Geode Capital Management LLC increased its stake in Energy Fuels by 14.1% in the third quarter. Geode Capital Management LLC now owns 2,318,522 shares of the company’s stock valued at $12,731,000 after acquiring an additional 285,680 shares during the last quarter. Bridgewater Associates LP increased its stake in Energy Fuels by 8.8% in the third quarter. Bridgewater Associates LP now owns 1,656,516 shares of the company’s stock valued at $9,094,000 after acquiring an additional 134,531 shares during the last quarter. Finally, Goehring & Rozencwajg Associates LLC raised its position in Energy Fuels by 19.7% during the second quarter. Goehring & Rozencwajg Associates LLC now owns 1,095,044 shares of the company’s stock valued at $6,636,000 after purchasing an additional 179,900 shares in the last quarter. 48.24% of the stock is currently owned by institutional investors.

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.