Energy Fuels (NYSEAMERICAN:UUUU) Announces Earnings Results

Energy Fuels (NYSEAMERICAN:UUUU) issued its quarterly earnings data on Wednesday. The company reported ($0.13) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.09), FiscalAI reports. Energy Fuels had a negative net margin of 83.26% and a negative return on equity of 10.23%. The firm had revenue of $25.11 million for the quarter.

Energy Fuels Price Performance

UUUU stock traded up $0.16 during midday trading on Thursday, hitting $12.60. The company’s stock had a trading volume of 4,160,991 shares, compared to its average volume of 11,193,269. Energy Fuels has a 12 month low of $8.16 and a 12 month high of $27.90. The company has a quick ratio of 25.59, a current ratio of 27.51 and a debt-to-equity ratio of 0.93. The company has a 50 day moving average of $14.13 and a two-hundred day moving average of $18.24. The firm has a market capitalization of $3.15 billion, a price-to-earnings ratio of -43.45 and a beta of 1.53.

Analyst Ratings Changes

Several brokerages have commented on UUUU. HC Wainwright restated a “buy” rating and issued a $29.00 price objective on shares of Energy Fuels in a report on Monday, June 22nd. The Goldman Sachs Group cut their target price on Energy Fuels from $29.00 to $21.00 and set a “buy” rating on the stock in a research note on Friday, June 12th. Finally, Roth Capital set a $16.00 target price on Energy Fuels in a report on Thursday, June 25th. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Energy Fuels presently has a consensus rating of “Moderate Buy” and an average price target of $23.25.

Insider Activity

In other news, Director Bruce D. Hansen bought 4,000 shares of Energy Fuels stock in a transaction on Wednesday, July 8th. The stock was acquired at an average cost of $12.70 per share, for a total transaction of $50,800.00. Following the completion of the acquisition, the director owned 313,844 shares of the company’s stock, valued at $3,985,818.80. This trade represents a 1.29% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Ross R. Bhappu bought 74,000 shares of the company’s stock in a transaction that occurred on Tuesday, July 7th. The shares were acquired at an average price of $13.08 per share, for a total transaction of $967,920.00. Following the completion of the purchase, the chief executive officer owned 256,583 shares in the company, valued at $3,356,105.64. The trade was a 40.53% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 0.97% of the stock is owned by company insiders.

Institutional Trading of Energy Fuels

A number of hedge funds and other institutional investors have recently made changes to their positions in UUUU. AQR Capital Management LLC acquired a new stake in Energy Fuels during the first quarter worth about $871,000. NewEdge Advisors LLC increased its holdings in shares of Energy Fuels by 67.7% during the 1st quarter. NewEdge Advisors LLC now owns 57,876 shares of the company’s stock valued at $216,000 after purchasing an additional 23,356 shares in the last quarter. Creative Planning lifted its stake in shares of Energy Fuels by 56.9% in the 2nd quarter. Creative Planning now owns 53,344 shares of the company’s stock valued at $307,000 after purchasing an additional 19,339 shares during the period. Prudential Financial Inc. boosted its holdings in Energy Fuels by 82.1% during the second quarter. Prudential Financial Inc. now owns 22,540 shares of the company’s stock worth $130,000 after buying an additional 10,163 shares in the last quarter. Finally, Russell Investments Group Ltd. increased its holdings in Energy Fuels by 31.7% in the second quarter. Russell Investments Group Ltd. now owns 15,994 shares of the company’s stock valued at $92,000 after buying an additional 3,854 shares in the last quarter. Institutional investors and hedge funds own 48.24% of the company’s stock.

Energy Fuels Company Profile

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.