Zacks Investment Research Lowers Energy Fuels (UUUU) to Strong Sell

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Zacks Investment Research lowered shares of Energy Fuels (NYSEAMERICAN:UUUU) (TSE:EFR) from a hold rating to a strong sell rating in a research note issued to investors on Thursday, 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. “

Other analysts have also recently issued research reports about the stock. Noble Financial cut shares of Energy Fuels from an outperform rating to a market perform rating in a research note on Monday. HC Wainwright reiterated a buy rating and issued a $4.50 price target on shares of Energy Fuels in a research note on Thursday, May 9th.

Energy Fuels stock traded down $0.07 during mid-day trading on Thursday, reaching $2.71. The company’s stock had a trading volume of 44,778 shares, compared to its average volume of 927,803. Energy Fuels has a 12 month low of $1.82 and a 12 month high of $4.09.

Energy Fuels (NYSEAMERICAN:UUUU) (TSE:EFR) last released its earnings results on Wednesday, May 8th. The basic materials company reported ($0.13) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.10). The company had revenue of $1.67 million for the quarter, compared to analyst estimates of $11.91 million.

In other news, Director Paul A. Carroll sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, March 26th. The shares were sold at an average price of $3.21, for a total transaction of $32,100.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Benjamin Eshleman III sold 33,000 shares of the firm’s stock in a transaction dated Monday, April 8th. The stock was sold at an average price of $3.67, for a total transaction of $121,110.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 109,000 shares of company stock valued at $393,450.

Several hedge funds and other institutional investors have recently bought and sold shares of UUUU. Two Sigma Advisers LP acquired a new stake in shares of Energy Fuels during the 4th quarter worth about $29,000. Osborn Williams & Donohoe LLC acquired a new stake in shares of Energy Fuels during the 1st quarter worth about $33,000. SG Americas Securities LLC bought a new position in Energy Fuels during the first quarter worth about $50,000. BNP Paribas Arbitrage SA increased its position in Energy Fuels by 293.0% during the first quarter. BNP Paribas Arbitrage SA now owns 17,696 shares of the basic materials company’s stock worth $59,000 after acquiring an additional 13,193 shares during the period. Finally, PFG Advisors bought a new position in Energy Fuels during the fourth quarter worth about $66,000.

About Energy Fuels

Energy Fuels Inc, together with its subsidiaries, engages in the extraction, recovery, exploration, and sale of uranium in the United States. It operates in two segments, Conventional Uranium and ISR Uranium. The company owns and operates the Nichols Ranch uranium recovery facility located in Wyoming; the Alta Mesa project located in Texas; and the White Mesa Mill located in Utah.

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