Zacks Investment Research upgraded shares of Energy Fuels (NYSEAMERICAN:UUUU) (TSE:EFR) from a sell rating to a hold rating in a report released on Saturday, Zacks.com reports.

According to Zacks, “Energy Fuels, Inc. is engaged in mining, production and development of uranium and vanadium. The company operates primarily in Colorado, Utah, Arizona, Wyoming and New Mexico. Energy Fuels, Inc. is based in Toronto, Canada. “

Several other analysts have also weighed in on the company. HC Wainwright reissued a buy rating and issued a $3.75 price objective (down from $4.50) on shares of Energy Fuels in a report on Tuesday, August 6th. Noble Financial reissued a hold rating on shares of Energy Fuels in a report on Wednesday, August 7th. Three equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The company has an average rating of Hold and an average target price of $3.88.

Shares of NYSEAMERICAN UUUU traded down $0.02 during midday trading on Friday, reaching $1.97. 416,300 shares of the company’s stock were exchanged, compared to its average volume of 1,097,349. Energy Fuels has a 52-week low of $1.50 and a 52-week high of $4.09. The business’s fifty day moving average price is $1.81 and its two-hundred day moving average price is $2.58.

Energy Fuels (NYSEAMERICAN:UUUU) (TSE:EFR) last announced its earnings results on Friday, August 2nd. The basic materials company reported ($0.10) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.05) by ($0.05). The firm had revenue of $3.07 million during the quarter, compared to analyst estimates of $12.35 million.

Several hedge funds and other institutional investors have recently modified their holdings of the company. D. E. Shaw & Co. Inc. acquired a new stake in Energy Fuels in the second quarter worth approximately $99,000. Bank of Montreal Can lifted its position in Energy Fuels by 1,077.7% in the second quarter. Bank of Montreal Can now owns 61,313 shares of the basic materials company’s stock worth $192,000 after purchasing an additional 56,107 shares during the period. AQR Capital Management LLC lifted its position in Energy Fuels by 41.2% in the second quarter. AQR Capital Management LLC now owns 83,140 shares of the basic materials company’s stock worth $260,000 after purchasing an additional 24,269 shares during the period. Marshall Wace North America L.P. acquired a new stake in Energy Fuels in the second quarter worth approximately $576,000. Finally, Charles Schwab Investment Management Inc. lifted its position in Energy Fuels by 10.6% in the second quarter. Charles Schwab Investment Management Inc. now owns 184,562 shares of the basic materials company’s stock worth $578,000 after purchasing an additional 17,722 shares during the period.

Energy Fuels Company Profile

Energy Fuels Inc, together with its subsidiaries, engages in the extraction, recovery, exploration, and sale of uranium in the United States. It operates in two segments, Conventional Uranium and ISR Uranium. The company owns and operates the Nichols Ranch uranium recovery facility located in Wyoming; the Alta Mesa project located in Texas; and the White Mesa Mill located in Utah.

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