Energy Fuels (NYSEAMERICAN:UUUU) Shares Down 8.4% – Should You Sell?

Energy Fuels Inc (NYSEAMERICAN:UUUU)’s share price was down 8.4% during mid-day trading on Tuesday. The stock traded as low as $6.71 and last traded at $6.6970. 2,226,393 shares traded hands during trading, a decline of 78% from the average session volume of 10,192,491 shares. The stock had previously closed at $7.31.

Wall Street Analysts Forecast Growth

UUUU has been the subject of a number of analyst reports. Zacks Research raised shares of Energy Fuels from a “strong sell” rating to a “hold” rating in a research report on Friday, October 9th. UBS Group upgraded Energy Fuels to a “neutral” rating in a research note on Friday, August 14th. Roth Capital raised Energy Fuels from a “neutral” rating to a “buy” rating and set a $16.00 target price on the stock in a research report on Friday, August 7th. HC Wainwright cut their price target on Energy Fuels from $29.25 to $22.50 and set a “buy” rating on the stock in a research note on Thursday, November 5th. Finally, B. Riley Financial reduced their price target on Energy Fuels from $25.00 to $19.00 and set a “buy” rating for the company in a report on Wednesday, October 28th. Five investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, Energy Fuels currently has a consensus rating of “Moderate Buy” and an average target price of $19.30.

Energy Fuels Stock Performance

The company’s fifty day simple moving average is $10.39 and its two-hundred day simple moving average is $15.91. The company has a market capitalization of $1.77 billion, a price-to-earnings ratio of -14.81 and a beta of 1.82. The company has a debt-to-equity ratio of 0.85, a quick ratio of 25.87 and a current ratio of 27.90.

Energy Fuels (NYSEAMERICAN:UUUU) last issued its quarterly earnings results on Wednesday, November 4th. The company reported ($0.20) EPS for the quarter, missing the consensus estimate of ($0.10) by ($0.10). Energy Fuels had a negative return on equity of 16.00% and a negative net margin of 100.40%. The company had revenue of $29.18 million for the quarter. The company’s revenue was up 64.8% on a year-over-year basis. Equities research analysts predict that Energy Fuels Inc will post -0.38 earnings per share for the current fiscal year.

Institutional Trading of Energy Fuels

Several institutional investors and hedge funds have recently bought and sold shares of UUUU. Alps Advisors Inc. grew its position in shares of Energy Fuels by 13.9% during the 3rd quarter. Alps Advisors Inc. now owns 11,060,390 shares of the company’s stock valued at $121,996,000 after buying an additional 1,349,502 shares during the last quarter. Royal Bank of Canada raised its stake in Energy Fuels by 876.1% during the first quarter. Royal Bank of Canada now owns 874,126 shares of the company’s stock worth $15,953,000 after acquiring an additional 986,758 shares during the period. Bank of New York Mellon Corp acquired a new stake in Energy Fuels during the second quarter worth about $9,331,000. Renaissance Technologies LLC bought a new position in Energy Fuels in the first quarter worth about $11,640,000. Finally, Temasek Holdings Private Ltd bought a new position in Energy Fuels in the first quarter worth about $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.