Energy Fuels (NYSEAMERICAN:UUUU) Stock Falls 8.4% After Analyst Downgrade

Energy Fuels Inc (NYSEAMERICAN:UUUU)’s share price was down 8.4% during mid-day trading on Tuesday after Zacks Research downgraded the stock from a hold rating to a strong sell rating. The company traded as low as $6.71 and last traded at $6.6970. 2,226,393 shares changed 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.

UUUU has been the topic of a number of other reports. UBS Group upgraded shares of Energy Fuels to a “neutral” rating in a research report on Friday, August 14th. B. Riley Financial cut their price objective on shares of Energy Fuels from $25.00 to $19.00 and set a “buy” rating for the company in a report on Wednesday, October 28th. BMO Capital Markets started coverage on shares of Energy Fuels in a report on Friday, August 14th. They issued an “outperform” rating and a $18.00 price objective for the company. Roth Capital raised shares of Energy Fuels from a “neutral” rating to a “buy” rating and set a $16.00 target price on the stock in a research note on Friday, August 7th. Finally, HC Wainwright lowered their target price on Energy Fuels from $29.25 to $22.50 and set a “buy” rating on the stock in a report on Thursday, November 5th. Five analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $19.30.

Institutional Trading of Energy Fuels

A number of hedge funds and other institutional investors have recently made changes to their positions in UUUU. State Street Corp lifted its holdings in Energy Fuels by 2.6% in the third quarter. State Street Corp now owns 4,250,903 shares of the company’s stock valued at $46,887,000 after acquiring an additional 107,951 shares during the last quarter. Private Advisor Group LLC increased its stake in Energy Fuels by 4.6% during the third quarter. Private Advisor Group LLC now owns 140,605 shares of the company’s stock worth $1,551,000 after acquiring an additional 6,154 shares during the last quarter. Independent Advisor Alliance increased its stake in Energy Fuels by 40.7% during the third quarter. Independent Advisor Alliance now owns 16,492 shares of the company’s stock worth $182,000 after acquiring an additional 4,768 shares during the last quarter. HighTower Advisors LLC increased its stake in Energy Fuels by 4.3% during the third quarter. HighTower Advisors LLC now owns 130,010 shares of the company’s stock worth $1,434,000 after acquiring an additional 5,351 shares during the last quarter. Finally, White Pine Capital LLC purchased a new stake in Energy Fuels in the third quarter valued at $904,000. Institutional investors and hedge funds own 48.24% of the company’s stock.

Energy Fuels Trading Up 2.8%

The stock has a 50-day simple moving average of $10.08 and a 200 day simple moving average of $15.73. The company has a quick ratio of 18.60, a current ratio of 20.49 and a debt-to-equity ratio of 0.70.

Energy Fuels (NYSEAMERICAN:UUUU) last issued its quarterly earnings data on Wednesday, November 4th. The company reported ($0.20) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.10). The business had revenue of $29.18 million for the quarter. Energy Fuels had a negative return on equity of 14.83% and a negative net margin of 100.40%. Energy Fuels’s quarterly revenue was up 64.8% compared to the same quarter last year. On average, research analysts predict that Energy Fuels Inc will post -0.38 EPS for the current fiscal year.

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.