Energy Fuels (NYSEAMERICAN:UUUU) Shares Gap Down Following Weak Earnings

by · The Cerbat Gem

Energy Fuels Inc (NYSEAMERICAN:UUUUGet Free Report) shares gapped down prior to trading on Friday following a dissappointing earnings announcement. The stock had previously closed at $22.84, but opened at $21.50. Energy Fuels shares last traded at $22.21, with a volume of 3,805,661 shares trading hands.

The company reported ($0.12) earnings per share for the quarter, missing the consensus estimate of ($0.07) by ($0.05). Energy Fuels had a negative net margin of 124.17% and a negative return on equity of 15.84%.

Key Stories Impacting Energy Fuels

Here are the key news stories impacting Energy Fuels this week:

Analyst Ratings Changes

A number of equities analysts have weighed in on UUUU shares. B. Riley Financial raised their target price on shares of Energy Fuels to $27.00 and gave the company a “buy” rating in a research note on Tuesday, January 20th. Roth Mkm raised Energy Fuels from a “sell” rating to a “neutral” rating and raised their price objective for the company from $13.00 to $15.50 in a research report on Wednesday, January 28th. The Goldman Sachs Group assumed coverage on Energy Fuels in a report on Tuesday, February 10th. They issued a “buy” rating and a $30.00 target price on the stock. Finally, HC Wainwright restated a “buy” rating and set a $26.75 price target on shares of Energy Fuels in a report on Friday, January 9th. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $24.81.

Check Out Our Latest Research Report on Energy Fuels

Insider Activity at Energy Fuels

In other Energy Fuels news, Director Alex G. Morrison sold 38,869 shares of the business’s stock in a transaction on Monday, December 15th. The shares were sold at an average price of $14.32, for a total transaction of $556,604.08. Following the completion of the sale, the director directly owned 110,878 shares in the company, valued at approximately $1,587,772.96. The trade was a 25.96% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Timothy James Carstens sold 59,594 shares of the firm’s stock in a transaction on Wednesday, December 10th. The stock was sold at an average price of $14.93, for a total value of $889,738.42. Following the completion of the transaction, the executive vice president owned 107,435 shares in the company, valued at approximately $1,604,004.55. This trade represents a 35.68% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 1.77% of the company’s stock.

Hedge Funds Weigh In On Energy Fuels

A number of institutional investors and hedge funds have recently made changes to their positions in UUUU. Vanguard Group Inc. grew its position in Energy Fuels by 50.6% during the third quarter. Vanguard Group Inc. now owns 11,883,042 shares of the company’s stock valued at $182,420,000 after buying an additional 3,991,202 shares during the period. Van ECK Associates Corp grew its position in shares of Energy Fuels by 35.4% during the 3rd quarter. Van ECK Associates Corp now owns 10,194,742 shares of the company’s stock valued at $156,489,000 after acquiring an additional 2,664,735 shares during the period. Bank of America Corp DE increased its stake in shares of Energy Fuels by 93.6% in the 2nd quarter. Bank of America Corp DE now owns 4,366,108 shares of the company’s stock worth $25,105,000 after purchasing an additional 2,111,466 shares in the last quarter. Morgan Stanley raised its holdings in Energy Fuels by 108.7% in the 4th quarter. Morgan Stanley now owns 3,952,694 shares of the company’s stock worth $57,472,000 after purchasing an additional 2,058,920 shares during the period. Finally, BNP Paribas Financial Markets raised its holdings in Energy Fuels by 530.6% in the 2nd quarter. BNP Paribas Financial Markets now owns 2,068,155 shares of the company’s stock worth $11,892,000 after purchasing an additional 1,740,183 shares during the period. Hedge funds and other institutional investors own 48.24% of the company’s stock.

Energy Fuels Price Performance

The company has a 50-day moving average of $20.26 and a two-hundred day moving average of $17.03. The company has a market capitalization of $5.24 billion, a PE ratio of -45.10 and a beta of 1.45.

About Energy Fuels

(Get Free Report)

Energy Fuels Inc (NYSE American: UUUU) is a U.S.-based mineral resources company focused on the production and processing of uranium, rare earth elements and other strategic minerals. The company’s core business activity centers on supplying nuclear fuel to power generators, leveraging a diversified portfolio of conventional and in-situ recovery (ISR) uranium mines located primarily on the Colorado Plateau, in Wyoming and in Texas.

At the heart of Energy Fuels’ operations is the White Mesa Mill in southeastern Utah, the only conventional uranium-vanadium mill currently permitted and operating in the United States.

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