Energy Fuels (NYSEAMERICAN:UUUU) Releases Earnings Results, Misses Estimates By $0.10 EPS

Energy Fuels (NYSEAMERICAN:UUUU) announced its quarterly earnings data on Wednesday. The company reported ($0.20) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.10) by ($0.10), FiscalAI reports. Energy Fuels had a negative return on equity of 11.29% and a negative net margin of 77.75%. The firm had revenue of $29.18 million for the quarter.

Energy Fuels Price Performance

NYSEAMERICAN:UUUU traded down $0.06 during mid-day trading on Wednesday, hitting $7.18. 9,906,559 shares of the stock traded hands, compared to its average volume of 10,219,264. The business’s 50-day moving average price is $11.08 and its 200 day moving average price is $16.22. The company has a market cap of $1.90 billion, a PE ratio of -22.44 and a beta of 1.82. The company has a quick ratio of 25.87, a current ratio of 27.90 and a debt-to-equity ratio of 0.85. Energy Fuels has a 12-month low of $6.86 and a 12-month high of $27.90.

Hedge Funds Weigh In On Energy Fuels

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Ascentis Independent Advisors bought a new stake in Energy Fuels during the first quarter worth approximately $57,000. Knuff & Co LLC purchased a new stake in shares of Energy Fuels during the 2nd quarter worth $54,000. CoreCap Advisors LLC grew its position in shares of Energy Fuels by 591.7% in the 2nd quarter. CoreCap Advisors LLC now owns 4,150 shares of the company’s stock worth $60,000 after buying an additional 3,550 shares during the last quarter. Hilltop National Bank boosted its position in shares of Energy Fuels by 39.1% in the 2nd quarter. Hilltop National Bank now owns 4,284 shares of the company’s stock worth $62,000 after purchasing an additional 1,204 shares in the last quarter. Finally, Ancora Advisors LLC purchased a new position in Energy Fuels in the 2nd quarter worth $68,000. Hedge funds and other institutional investors own 48.24% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research 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 price objective on the stock in a research note on Friday, August 7th. HC Wainwright upped their price target on Energy Fuels from $29.00 to $29.25 and gave the company a “buy” rating in a research note on Tuesday, September 1st. BMO Capital Markets began coverage on shares of Energy Fuels in a report on Friday, August 14th. They set an “outperform” rating and a $18.00 price objective on the stock. UBS Group raised Energy Fuels to a “neutral” rating in a research report on Friday, August 14th. Finally, Zacks Research upgraded shares of Energy Fuels from a “strong sell” rating to a “hold” rating in a research report on Friday, October 9th. Five equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $20.65.

Energy Fuels Company Profile

Energy Fuels Inc is a U.S.-based critical minerals company focused on the exploration, recovery, processing and production of uranium, vanadium and rare earth elements. The company supplies uranium concentrates for the nuclear energy industry and also develops other critical mineral products used in advanced manufacturing, electronics and clean-energy technologies.

Energy Fuels owns and operates the White Mesa Mill in Utah, a major U.S. facility capable of processing conventional uranium and vanadium ores as well as certain alternative feed materials.