Energy Fuels (NYSEAMERICAN:UUUU) Downgraded by Zacks Research to Strong Sell

Zacks Research cut shares of Energy Fuels (NYSEAMERICAN:UUUU) from a hold rating to a strong sell rating in a report issued on Monday,Zacks reports.

Several other equities analysts have also commented on the company. B. Riley Financial lowered their price objective on Energy Fuels from $25.00 to $19.00 and set a “buy” rating for the company in a research report on Wednesday, October 28th. HC Wainwright reduced their target price on shares of Energy Fuels from $29.25 to $22.50 and set a “buy” rating on the stock in a research report on Thursday, November 5th. 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 report on Friday, August 7th. UBS Group upgraded shares of Energy Fuels to a “neutral” rating in a research note on Friday, August 14th. Finally, BMO Capital Markets started coverage on shares of Energy Fuels in a research report on Friday, August 14th. They set an “outperform” rating and a $18.00 price target for the company. Five analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Energy Fuels has an average rating of “Moderate Buy” and an average price target of $19.30.

Energy Fuels Stock Down 7.8%

Shares of NYSEAMERICAN:UUUU opened at $6.74 on Monday. Energy Fuels has a 52-week low of $6.21 and a 52-week high of $27.90. The firm has a market capitalization of $1.78 billion, a P/E ratio of -14.98 and a beta of 1.82. The stock has a 50 day moving average price of $10.23 and a 200-day moving average price of $15.82. The company has a debt-to-equity ratio of 0.70, a quick ratio of 18.60 and a current ratio of 20.49.

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

Institutional Trading of Energy Fuels

A number of institutional investors and hedge funds have recently bought and sold shares of UUUU. Knuff & Co LLC purchased a new position in Energy Fuels in the second quarter worth about $54,000. BOCHK Asset Management Ltd purchased a new stake in shares of Energy Fuels during the third quarter valued at approximately $55,000. CoreCap Advisors LLC increased its position in shares of Energy Fuels by 591.7% during the second quarter. CoreCap Advisors LLC now owns 4,150 shares of the company’s stock valued at $60,000 after acquiring an additional 3,550 shares in the last quarter. Hilltop National Bank increased its position in shares of Energy Fuels by 39.1% during the second quarter. Hilltop National Bank now owns 4,284 shares of the company’s stock valued at $62,000 after acquiring an additional 1,204 shares in the last quarter. Finally, Fifth Third Bancorp bought a new stake in shares of Energy Fuels during the third quarter valued at approximately $63,000. 48.24% of the stock is currently owned by institutional investors.

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.