Energy Fuels (NYSEAMERICAN:UUUU) Hits New 52-Week Low – Here’s What Happened

Energy Fuels Inc (NYSEAMERICAN:UUUU)’s share price hit a new 52-week low during trading on Thursday. The company traded as low as $7.79 and last traded at $7.83, with a volume of 1,426,275 shares. The stock had previously closed at $8.20.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. Zacks Research raised shares of Energy Fuels from a “strong sell” rating to a “hold” rating in a report on Friday, October 9th. Roth Capital upgraded Energy Fuels from a “neutral” rating to a “buy” rating and set a $16.00 price objective for the company in a report on Friday, August 7th. B. Riley Financial decreased their price objective on Energy Fuels from $27.00 to $25.00 and set a “buy” rating for the company in a report on Monday, August 10th. BMO Capital Markets began coverage on Energy Fuels in a research note on Friday, August 14th. They set an “outperform” rating and a $18.00 target price on the stock. Finally, UBS Group upgraded Energy Fuels to a “neutral” rating in a research note on Friday, August 14th. Five research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $21.85.

Energy Fuels Stock Down 2.2%

The stock has a market capitalization of $1.99 billion, a PE ratio of -23.50 and a beta of 1.77. The company has a current ratio of 27.90, a quick ratio of 25.87 and a debt-to-equity ratio of 0.85. The company’s 50-day moving average is $12.02 and its 200 day moving average is $14.83.

Energy Fuels (NYSEAMERICAN:UUUU) last released its earnings results on Wednesday, August 5th. The company reported ($0.13) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.09). Energy Fuels had a negative return on equity of 11.29% and a negative net margin of 77.75%. The company had revenue of $25.11 million for the quarter. As a group, analysts anticipate that Energy Fuels Inc will post -0.25 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Knuff & Co LLC purchased a new stake in Energy Fuels in the second quarter valued at approximately $54,000. Ascentis Independent Advisors purchased a new position in shares of Energy Fuels during the first quarter worth $57,000. CoreCap Advisors LLC raised its holdings in shares of Energy Fuels by 591.7% during the second quarter. CoreCap Advisors LLC now owns 4,150 shares of the company’s stock worth $60,000 after purchasing an additional 3,550 shares during the last quarter. Hilltop National Bank raised its holdings in shares of Energy Fuels by 39.1% during the second quarter. Hilltop National Bank now owns 4,284 shares of the company’s stock worth $62,000 after purchasing an additional 1,204 shares during the last quarter. Finally, Ancora Advisors LLC acquired a new position in Energy Fuels during the second quarter valued at $68,000. 48.24% of the stock is owned by institutional investors and hedge funds.

Energy Fuels Company Profile

Energy Fuels Inc is a U.S.-based critical minerals company focused on the exploration, recovery, processing and production of uranium, vanadium and rare earth elements. The company supplies uranium concentrates for the nuclear energy industry and also develops other critical mineral products used in advanced manufacturing, electronics and clean-energy technologies.

Energy Fuels owns and operates the White Mesa Mill in Utah, a major U.S. facility capable of processing conventional uranium and vanadium ores as well as certain alternative feed materials.