Energy Fuels (NYSE:UUUU) Trading 3.6% Higher

Energy Fuels Inc. (NYSE:UUUU) shares traded up 3.6% during mid-day trading on Tuesday . The company traded as high as $5.70 and last traded at $5.69. 325,577 shares traded hands during mid-day trading, a decline of 89% from the average session volume of 2,964,506 shares. The stock had previously closed at $5.49.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on UUUU shares. Roth Capital downgraded shares of Energy Fuels from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, June 5th. HC Wainwright lowered their price objective on Energy Fuels from $10.75 to $10.50 and set a “buy” rating for the company in a research report on Tuesday, August 6th. Finally, Roth Mkm lowered Energy Fuels from a “buy” rating to a “neutral” rating and lowered their price target for the company from $6.50 to $6.25 in a research report on Wednesday, June 5th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, Energy Fuels has a consensus rating of “Hold” and an average price target of $8.58.

Energy Fuels Trading Up 1.5 %

The company’s 50 day moving average price is $4.93 and its two-hundred day moving average price is $5.75. The firm has a market cap of $898.29 million, a PE ratio of -79.57 and a beta of 1.61.

Energy Fuels (NYSE:UUUU) last announced its quarterly earnings data on Friday, August 2nd. The company reported ($0.04) EPS for the quarter, beating the consensus estimate of ($0.06) by $0.02. The business had revenue of $8.72 million for the quarter, compared to the consensus estimate of $3.85 million. Energy Fuels had a negative return on equity of 6.56% and a negative net margin of 27.23%. Equities research analysts expect that Energy Fuels Inc. will post -0.11 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Lloyd Harbor Capital Management LLC purchased a new position in shares of Energy Fuels during the second quarter valued at approximately $2,787,000. The Manufacturers Life Insurance Company raised its stake in shares of Energy Fuels by 1.8% during the second quarter. The Manufacturers Life Insurance Company now owns 271,477 shares of the company’s stock valued at $1,643,000 after acquiring an additional 4,843 shares in the last quarter. Toronto Dominion Bank raised its stake in shares of Energy Fuels by 328.0% during the second quarter. Toronto Dominion Bank now owns 14,141 shares of the company’s stock valued at $86,000 after acquiring an additional 10,837 shares in the last quarter. Marshall Wace LLP purchased a new stake in shares of Energy Fuels in the second quarter valued at approximately $890,000. Finally, Xponance Inc. purchased a new position in Energy Fuels during the 2nd quarter worth $61,000. Hedge funds and other institutional investors own 48.24% of the company’s stock.

About Energy Fuels

Energy Fuels Inc, together with its subsidiaries, engages in the extraction, recovery, recycling, exploration, permitting, evaluation, and sale of uranium mineral properties in the United States. The company produces and sells vanadium pentoxide, rare earth elements, and heavy mineral sands, such as ilmenite, rutile, zircon, and monazite.