Energy Fuels (NYSEAMERICAN:UUUU) Announces Quarterly Earnings Results

Energy Fuels (NYSEAMERICAN:UUUU) released its earnings results on Wednesday. The company reported ($0.04) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.02), Briefing.com reports. Energy Fuels had a negative net margin of 130.63% and a negative return on equity of 13.15%. During the same quarter in the prior year, the business earned ($0.13) earnings per share. The business’s revenue for the quarter was up 112.1% compared to the same quarter last year.

Energy Fuels Price Performance

Shares of Energy Fuels stock traded down $0.17 during midday trading on Thursday, hitting $23.35. 22,589,860 shares of the company traded hands, compared to its average volume of 12,658,161. The stock has a market cap of $5.54 billion, a price-to-earnings ratio of -61.45 and a beta of 1.52. The company has a debt-to-equity ratio of 0.99, a quick ratio of 28.34 and a current ratio of 30.69. The firm’s fifty day moving average price is $19.80 and its 200-day moving average price is $18.86. Energy Fuels has a 12 month low of $4.20 and a 12 month high of $27.90.

Insider Activity at Energy Fuels

In related news, VP Curtis Moore sold 10,000 shares of Energy Fuels stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of $23.12, for a total transaction of $231,200.00. Following the sale, the vice president directly owned 112,415 shares of the company’s stock, valued at approximately $2,599,034.80. The trade was a 8.17% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Dennis Lyle Higgs sold 6,000 shares of Energy Fuels stock in a transaction that occurred on Tuesday, March 10th. The shares were sold at an average price of $20.64, for a total transaction of $123,840.00. Following the sale, the director directly owned 151,113 shares in the company, valued at $3,118,972.32. This trade represents a 3.82% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 69,000 shares of company stock valued at $1,361,200. Company insiders own 0.97% of the company’s stock.

Institutional Investors Weigh In On Energy Fuels

Several hedge funds have recently added to or reduced their stakes in UUUU. Mcguire Capital Advisors Inc. acquired a new position in shares of Energy Fuels in the 4th quarter worth approximately $27,000. Invesco Ltd. lifted its position in shares of Energy Fuels by 47.9% during the 4th quarter. Invesco Ltd. now owns 163,968 shares of the company’s stock valued at $2,384,000 after acquiring an additional 53,074 shares during the period. Wealthspire Retirement LLC lifted its position in shares of Energy Fuels by 12.5% during the 4th quarter. Wealthspire Retirement LLC now owns 13,500 shares of the company’s stock valued at $196,000 after acquiring an additional 1,500 shares during the period. Mackenzie Financial Corp lifted its position in shares of Energy Fuels by 45.7% during the 4th quarter. Mackenzie Financial Corp now owns 59,806 shares of the company’s stock valued at $848,000 after acquiring an additional 18,750 shares during the period. Finally, Empowered Funds LLC acquired a new position in shares of Energy Fuels during the 4th quarter valued at $177,000. 48.24% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Roth Mkm raised shares of Energy Fuels from a “sell” rating to a “neutral” rating and raised their target price for the company from $13.00 to $15.50 in a report on Wednesday, January 28th. The Goldman Sachs Group started coverage on shares of Energy Fuels in a report on Tuesday, February 10th. They issued a “buy” rating and a $30.00 target price on the stock. HC Wainwright lifted their price target on shares of Energy Fuels from $26.75 to $27.25 and gave the company a “buy” rating in a report on Friday, February 27th. Finally, B. Riley Financial lifted their price target on shares of Energy Fuels to $27.00 and gave the company a “buy” rating in a report on Tuesday, January 20th. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $24.94.

About Energy Fuels

Energy Fuels Inc (NYSE American: UUUU) is a U.S.-based mineral resources company focused on the production and processing of uranium, rare earth elements and other strategic minerals. The company’s core business activity centers on supplying nuclear fuel to power generators, leveraging a diversified portfolio of conventional and in-situ recovery (ISR) uranium mines located primarily on the Colorado Plateau, in Wyoming and in Texas.

At the heart of Energy Fuels’ operations is the White Mesa Mill in southeastern Utah, the only conventional uranium-vanadium mill currently permitted and operating in the United States.