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

Energy Fuels (NYSEAMERICAN:UUUU) was downgraded by equities research analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research note issued to investors on Tuesday,Zacks.com reports.

Several other brokerages have also weighed in on UUUU. B. Riley Financial decreased their price objective on shares of Energy Fuels from $27.00 to $25.00 and set a “buy” rating for the company in a report on Monday. Roth Capital upgraded 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 note on Friday, August 7th. HC Wainwright reaffirmed a “buy” rating and set a $29.00 price target on shares of Energy Fuels in a research report on Monday, June 22nd. Finally, The Goldman Sachs Group decreased their price target on Energy Fuels from $29.00 to $21.00 and set a “buy” rating for the company in a research note on Friday, June 12th. Four investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $22.75.

Energy Fuels Stock Performance

Energy Fuels stock opened at $14.47 on Tuesday. Energy Fuels has a 52 week low of $8.16 and a 52 week high of $27.90. The company has a current ratio of 27.51, a quick ratio of 25.59 and a debt-to-equity ratio of 0.93. The stock has a market cap of $3.62 billion, a P/E ratio of -45.22 and a beta of 1.53. The stock has a 50 day moving average of $13.71 and a 200-day moving average of $17.93.

Energy Fuels (NYSEAMERICAN:UUUU) last issued its quarterly earnings results on Wednesday, August 5th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.09). The company had revenue of $25.11 million during the quarter. Energy Fuels had a negative return on equity of 11.65% and a negative net margin of 77.75%. On average, analysts expect that Energy Fuels will post -0.25 EPS for the current fiscal year.

Insiders Place Their Bets

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

Institutional Investors Weigh In On Energy Fuels

A number of institutional investors have recently modified their holdings of UUUU. TD Waterhouse Canada Inc. boosted its holdings in Energy Fuels by 1.7% during the fourth quarter. TD Waterhouse Canada Inc. now owns 30,574 shares of the company’s stock worth $442,000 after buying an additional 500 shares in the last quarter. IFP Advisors Inc grew its position in Energy Fuels by 7.7% in the fourth quarter. IFP Advisors Inc now owns 7,173 shares of the company’s stock worth $104,000 after buying an additional 511 shares during the last quarter. Sound Income Strategies LLC increased its holdings in shares of Energy Fuels by 17.1% in the first quarter. Sound Income Strategies LLC now owns 4,100 shares of the company’s stock valued at $74,000 after buying an additional 600 shares in the last quarter. Wealthfront Advisers LLC increased its holdings in shares of Energy Fuels by 3.6% in the first quarter. Wealthfront Advisers LLC now owns 19,697 shares of the company’s stock valued at $359,000 after buying an additional 677 shares in the last quarter. Finally, Harbour Investments Inc. lifted its position in shares of Energy Fuels by 74.5% during the 4th quarter. Harbour Investments Inc. now owns 1,736 shares of the company’s stock valued at $25,000 after acquiring an additional 741 shares during the last quarter. Institutional investors 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.