Energy Fuels (NYSEAMERICAN:UUUU) Rating Lowered to “Strong Sell” at Zacks Research

Energy Fuels (NYSEAMERICAN:UUUU) was downgraded by equities research analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a report issued on Monday, Zacks reports.

UUUU has been the topic of several other reports. BMO Capital Markets began coverage on shares of Energy Fuels in a report on Friday, August 14th. They issued an “outperform” rating and a $18.00 price objective on the stock. HC Wainwright reduced their target price on shares of Energy Fuels from $29.25 to $22.50 and set a “buy” rating for the company in a report on Thursday, November 5th. Roth Capital upgraded shares of 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. B. Riley Financial lowered their price target on shares of Energy Fuels from $25.00 to $19.00 and set a “buy” rating on the stock in a report on Wednesday, October 28th. Finally, UBS Group raised Energy Fuels to a “neutral” rating in a research report on Friday, August 14th. Five investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Energy Fuels has an average rating of “Moderate Buy” and an average target price of $19.30.

Energy Fuels Stock Performance

Shares of UUUU stock opened at $6.74 on Monday. The business has a fifty day moving average of $10.23 and a 200 day moving average of $15.82. Energy Fuels has a 1 year low of $6.21 and a 1 year high of $27.90. The company has a debt-to-equity ratio of 0.70, a current ratio of 20.49 and a quick ratio of 18.60. The firm has a market capitalization of $1.78 billion, a price-to-earnings ratio of -14.98 and a beta of 1.82.

Energy Fuels (NYSEAMERICAN:UUUU) last announced its quarterly earnings data on Wednesday, November 4th. The company reported ($0.20) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.10). Energy Fuels had a negative net margin of 100.40% and a negative return on equity of 14.83%. The firm had revenue of $29.18 million during the quarter. The company’s revenue for the quarter was up 64.8% compared to the same quarter last year. As a group, research analysts expect that Energy Fuels will post -0.38 earnings per share for the current year.

Institutional Trading of Energy Fuels

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Alps Advisors Inc. raised its holdings in Energy Fuels by 13.9% in the 3rd quarter. Alps Advisors Inc. now owns 11,060,390 shares of the company’s stock worth $121,996,000 after purchasing an additional 1,349,502 shares during the period. Royal Bank of Canada increased its stake in Energy Fuels by 876.1% during the 1st 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 in the last quarter. Bank of New York Mellon Corp purchased a new position in shares of Energy Fuels in the second quarter valued at approximately $9,331,000. Renaissance Technologies LLC acquired a new stake in shares of Energy Fuels in the first quarter worth approximately $11,640,000. Finally, Temasek Holdings Private Ltd acquired a new stake in Energy Fuels during the 1st quarter worth $10,183,000. Institutional investors and hedge funds own 48.24% of the company’s stock.

About Energy Fuels

Energy Fuels Inc. is a U.S.-based critical minerals company focused on uranium, rare earth elements and mineral sands. Its uranium business includes mining projects in the western United States and the White Mesa Mill in Utah, where the company processes uranium ore into uranium concentrate for the nuclear fuel market. The mill is also used to process materials containing rare earth elements and vanadium. At White Mesa, Energy Fuels has been developing its rare earth processing capabilities, including the production of rare earth products from monazite-bearing materials.