Energy Fuels Lifted To “Hold” At Zacks Investment Research
Energy Fuels (NYSEAMERICAN:UUUU – Get Rating) (TSE:EFR) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued to investors 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 equities research analysts have also issued reports on UUUU. HC Wainwright reissued a “buy” rating and set a $9.75 price objective (up previously from $8.50) on shares of Energy Fuels in a research note on Thursday, March 17th. Noble Financial initiated coverage on Energy Fuels in a research note on Friday, May 20th. They set a “buy” rating and a $13.00 price objective for the company.
Energy Fuels stock opened at $6.56 on Friday. Energy Fuels has a one year low of $4.32 and a one year high of $11.39. The firm has a market capitalization of $1.03 billion, a PE ratio of 328.00 and a beta of 1.42.
Energy Fuels (NYSEAMERICAN:UUUU – Get Rating) (TSE:EFR) last posted its quarterly earnings data on Tuesday, March 15th. The basic materials company reported ($0.02) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.03) by $0.01. The company had revenue of $1.66 million during the quarter. Energy Fuels had a negative return on equity of 14.55% and a net margin of 48.40%. On average, research analysts anticipate that Energy Fuels will post -0.17 EPS for the current fiscal year.
In other news, Director Dennis Lyle Higgs sold 4,000 shares of Energy Fuels stock in a transaction dated Wednesday, March 23rd. The stock was sold at an average price of $13.00, for a total value of $52,000.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders have sold 13,500 shares of company stock worth $173,675 in the last 90 days. Company insiders own 1.96% of the company’s stock.
Several institutional investors and hedge funds have recently added to or reduced their stakes in UUUU. Mirae Asset Global Investments Co. Ltd. increased its holdings in Energy Fuels by 19.6% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 7,916,389 shares of the basic materials company’s stock valued at $72,950,000 after purchasing an additional 1,297,636 shares during the period. BlackRock Inc. increased its holdings in Energy Fuels by 2.7% during the 1st quarter. BlackRock Inc. now owns 7,818,248 shares of the basic materials company’s stock valued at $71,537,000 after purchasing an additional 208,548 shares during the period. Exchange Traded Concepts LLC increased its holdings in Energy Fuels by 28.6% during the 1st quarter. Exchange Traded Concepts LLC now owns 6,239,031 shares of the basic materials company’s stock valued at $57,087,000 after purchasing an additional 1,389,280 shares during the period. State Street Corp boosted its position in Energy Fuels by 7.4% during the 1st quarter. State Street Corp now owns 2,415,356 shares of the basic materials company’s stock valued at $22,101,000 after acquiring an additional 166,549 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its position in Energy Fuels by 187.3% during the 1st quarter. Bank of New York Mellon Corp now owns 1,484,213 shares of the basic materials company’s stock valued at $13,581,000 after acquiring an additional 967,543 shares in the last quarter. Hedge funds and other institutional investors own 32.18% of the company’s stock.
Energy Fuels Company Profile (Get Rating)
Energy Fuels Inc, together with its subsidiaries, engages in the extraction, recovery, exploration, and sale of conventional and in situ uranium recovery in the United States. The company owns and operates the Nichols Ranch project, the Jane Dough property, and the Hank project located in Wyoming; and the Alta Mesa project located in Texas, as well as White Mesa Mill in Utah.
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