Energy Fuels (NYSEAMERICAN:UUUU) Trading Down 5.1%

Energy Fuels Inc. (NYSEAMERICAN:UUUU) (TSE:EFR)’s stock price traded down 5.1% on Tuesday . The company traded as low as $8.18 and last traded at $8.18. 2,367,635 shares traded hands during mid-day trading, an increase of 27% from the average session volume of 1,871,070 shares. The stock had previously closed at $8.62.

Analyst Upgrades and Downgrades

Separately, HC Wainwright boosted their price objective on Energy Fuels from $9.75 to $10.00 and gave the company a “buy” rating in a report on Tuesday, August 8th.

Energy Fuels Trading Down 6.7 %

The firm has a market cap of $1.27 billion, a PE ratio of 15.54 and a beta of 1.67.

Energy Fuels (NYSEAMERICAN:UUUU) (TSE:EFR) last issued its quarterly earnings data on Friday, August 4th. The basic materials company reported ($0.03) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.02. Energy Fuels had a negative return on equity of 11.20% and a net margin of 278.29%. The business had revenue of $6.86 million during the quarter, compared to analysts’ expectations of $1.00 million. As a group, analysts forecast that Energy Fuels Inc. will post 0.63 EPS for the current year.

Institutional Investors Weigh In On Energy Fuels

A number of large investors have recently modified their holdings of UUUU. Signaturefd LLC boosted its holdings in Energy Fuels by 259.4% in the second quarter. Signaturefd LLC now owns 4,169 shares of the basic materials company’s stock valued at $26,000 after purchasing an additional 3,009 shares in the last quarter. Optiver Holding B.V. acquired a new stake in Energy Fuels during the 1st quarter worth $28,000. Smart Portfolios LLC purchased a new stake in Energy Fuels in the first quarter valued at $56,000. Verition Fund Management LLC acquired a new position in Energy Fuels in the second quarter valued at $62,000. Finally, Parallel Advisors LLC grew its holdings in shares of Energy Fuels by 28.4% during the first quarter. Parallel Advisors LLC now owns 11,221 shares of the basic materials company’s stock worth $63,000 after purchasing an additional 2,485 shares during the last quarter. 40.71% of the stock is owned by hedge funds and other institutional investors.

About Energy Fuels

Energy Fuels Inc, together with its subsidiaries, engages in the extraction, recovery, exploration, processing, permitting, evaluation, and sale of uranium, vanadium, and rare earth elements. It also targets heavy mineral sands, including ilmenite, rutile, zircon, and monazite. The company owns and operates the Nichols Ranch project located in Wyoming, White Mesa Mill located in Utah, the Pinyon Plain project located in Arizona, the Roca Honda project located in Central New Mexico, the Sheep Mountain project located in Wyoming, the Bullfrog project located in Utah, and the La Sal project located in La Sal West and La Sal East.