Energy Fuels (NYSEAMERICAN:UUUU) Shares Down 9.3% – Here’s What Happened

Shares of Energy Fuels Inc (NYSEAMERICAN:UUUU) dropped 9.3% during trading on Wednesday. The company traded as low as $8.37 and last traded at $8.41. 4,335,475 shares changed hands during mid-day trading, a decline of 58% from the average daily volume of 10,219,045 shares. The stock had previously closed at $9.27.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on UUUU shares. Roth Capital upgraded Energy Fuels from a “neutral” rating to a “buy” rating and set a $16.00 target price for the company in a research note on Friday, August 7th. Zacks Research raised Energy Fuels from a “strong sell” rating to a “hold” rating in a research report on Friday, October 9th. HC Wainwright boosted their price target on Energy Fuels from $29.00 to $29.25 and gave the stock a “buy” rating in a research note on Tuesday, September 1st. B. Riley Financial reduced their price target on Energy Fuels from $27.00 to $25.00 and set a “buy” rating for the company in a report on Monday, August 10th. Finally, BMO Capital Markets assumed coverage on Energy Fuels in a report on Friday, August 14th. They issued an “outperform” rating and a $18.00 price target for the company. Five analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $21.85.

Energy Fuels Price Performance

The company has a debt-to-equity ratio of 0.85, a quick ratio of 25.87 and a current ratio of 27.90. The business’s 50-day moving average price is $12.81 and its two-hundred day moving average price is $15.22.

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

Institutional Investors Weigh In On Energy Fuels

A number of institutional investors have recently modified their holdings of the stock. Goehring & Rozencwajg Associates LLC lifted its position in shares of Energy Fuels by 20.8% during the first quarter. Goehring & Rozencwajg Associates LLC now owns 1,484,902 shares of the company’s stock worth $27,099,000 after purchasing an additional 255,494 shares during the last quarter. SG Americas Securities LLC increased its holdings in Energy Fuels by 36.6% in the first quarter. SG Americas Securities LLC now owns 1,010,166 shares of the company’s stock valued at $18,436,000 after buying an additional 270,811 shares during the last quarter. Royal Bank of Canada increased its holdings in Energy Fuels by 876.1% in the first quarter. Royal Bank of Canada now owns 874,126 shares of the company’s stock valued at $15,953,000 after buying an additional 986,758 shares during the last quarter. The Manufacturers Life Insurance Company increased its holdings in Energy Fuels by 0.5% in the first quarter. The Manufacturers Life Insurance Company now owns 789,638 shares of the company’s stock valued at $14,431,000 after buying an additional 3,732 shares during the last quarter. Finally, Bank of New York Mellon Corp acquired a new stake in Energy Fuels during the second quarter valued at approximately $9,331,000. 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 vanadium. The company produces uranium concentrate, commonly known as yellowcake, for the nuclear energy industry and maintains a portfolio of uranium mines, mining projects and mineral properties primarily in the United States.

Energy Fuels owns and operates the White Mesa Mill in Utah, which it describes as the only conventional uranium mill currently operating in the United States.