Energy Fuels (NYSE:UUUU) Price Target Raised to $11.00

Energy Fuels (NYSE:UUUU) had its price target raised by HC Wainwright from $10.75 to $11.00 in a research note released on Monday, Marketbeat reports. They currently have a buy rating on the stock. HC Wainwright also issued estimates for Energy Fuels’ FY2024 earnings at ($0.13) EPS.

Separately, Roth Mkm boosted their target price on Energy Fuels from $4.75 to $6.00 and gave the company a “neutral” rating in a report on Wednesday, October 23rd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $8.50.

Energy Fuels Stock Performance

Shares of NYSE UUUU opened at $6.04 on Monday. The stock’s 50-day simple moving average is $5.51 and its 200-day simple moving average is $5.66. The firm has a market capitalization of $1.17 billion, a PE ratio of -27.45 and a beta of 1.60. Energy Fuels has a fifty-two week low of $4.19 and a fifty-two week high of $8.68.

Energy Fuels (NYSE:UUUU) last issued its earnings results on Thursday, October 31st. The company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by ($0.02). Energy Fuels had a negative net margin of 90.40% and a negative return on equity of 9.16%. The company had revenue of $4.05 million during the quarter, compared to analyst estimates of $5.10 million. On average, sell-side analysts forecast that Energy Fuels will post -0.11 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Energy Fuels

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Sumitomo Mitsui Trust Holdings Inc. acquired a new stake in Energy Fuels during the 1st quarter worth approximately $392,000. Principal Financial Group Inc. raised its stake in shares of Energy Fuels by 14.3% during the first quarter. Principal Financial Group Inc. now owns 21,111 shares of the company’s stock worth $133,000 after purchasing an additional 2,639 shares during the last quarter. BNP Paribas Financial Markets lifted its holdings in shares of Energy Fuels by 54.4% during the first quarter. BNP Paribas Financial Markets now owns 124,693 shares of the company’s stock worth $784,000 after purchasing an additional 43,940 shares during the period. Janney Montgomery Scott LLC grew its position in Energy Fuels by 19.3% in the 1st quarter. Janney Montgomery Scott LLC now owns 57,805 shares of the company’s stock valued at $364,000 after buying an additional 9,335 shares during the last quarter. Finally, Swiss National Bank increased its stake in shares of Energy Fuels by 2.6% during the first quarter. Swiss National Bank now owns 321,500 shares of the company’s stock worth $2,010,000 after acquiring an additional 8,000 shares during the period. 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.