Energy Fuels (NYSEAMERICAN:UUUU) Stock Price Down 8.4% Following Analyst Downgrade

Energy Fuels Inc (NYSEAMERICAN:UUUU) shares fell 8.4% during trading on Tuesday after Zacks Research downgraded the stock from a hold rating to a strong sell rating. The company traded as low as $6.71 and last traded at $6.6970. 2,226,393 shares changed hands during mid-day trading, a decline of 78% from the average session volume of 10,192,491 shares. The stock had previously closed at $7.31.

Several other brokerages have also commented on UUUU. Roth Capital upgraded Energy Fuels from a “neutral” rating to a “buy” rating and set a $16.00 price objective on the stock in a research report on Friday, August 7th. HC Wainwright dropped their target price on Energy Fuels from $29.25 to $22.50 and set a “buy” rating for the company in a research report on Thursday, November 5th. B. Riley Financial dropped their target price 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. BMO Capital Markets assumed coverage on Energy Fuels in a research note on Friday, August 14th. They issued an “outperform” rating and a $18.00 target price for the company. Finally, UBS Group upgraded shares of Energy Fuels to a “neutral” rating in a research report on Friday, August 14th. Five equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $19.30.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Knuff & Co LLC purchased a new position in shares of Energy Fuels during the second quarter valued at approximately $54,000. CoreCap Advisors LLC lifted its stake in Energy Fuels by 591.7% in the second quarter. CoreCap Advisors LLC now owns 4,150 shares of the company’s stock worth $60,000 after acquiring an additional 3,550 shares during the period. Hilltop National Bank lifted its stake in Energy Fuels by 39.1% in the second quarter. Hilltop National Bank now owns 4,284 shares of the company’s stock worth $62,000 after acquiring an additional 1,204 shares during the period. Ancora Advisors LLC bought a new stake in Energy Fuels in the second quarter valued at $68,000. Finally, BOCHK Asset Management Ltd bought a new stake in Energy Fuels in the third quarter valued at $55,000. Hedge funds and other institutional investors own 48.24% of the company’s stock.

Energy Fuels Trading Down 4.6%

The company has a quick ratio of 18.60, a current ratio of 20.49 and a debt-to-equity ratio of 0.70. The firm’s fifty day moving average is $10.08 and its two-hundred day moving average is $15.73. The firm has a market cap of $1.75 billion, a P/E ratio of -14.70 and a beta of 1.82.

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

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.