HC Wainwright Forecasts Strong Price Appreciation for Energy Fuels (NYSE:UUUU) Stock

Energy Fuels (NYSE:UUUU) had its target price hoisted by equities research analysts at HC Wainwright from $10.75 to $11.00 in a research note issued on Monday, Benzinga reports. The firm currently has a “buy” rating on the stock. HC Wainwright’s price target would suggest a potential upside of 96.43% from the stock’s current price.

Separately, Roth Mkm increased their target price on Energy Fuels from $4.75 to $6.00 and gave the company a “neutral” rating in a research note on Wednesday, October 23rd. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, Energy Fuels presently has a consensus rating of “Hold” and a consensus target price of $8.67.

Energy Fuels Stock Down 7.0 %

Shares of UUUU stock opened at $5.60 on Monday. Energy Fuels has a 12 month low of $4.19 and a 12 month high of $8.68. The company has a market cap of $1.09 billion, a PE ratio of -25.45 and a beta of 1.60. The business’s 50 day moving average is $5.44 and its two-hundred day moving average is $5.67.

Energy Fuels (NYSE:UUUU) last posted its earnings results on Friday, August 2nd. The company reported ($0.04) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.02. The business had revenue of $8.72 million for the quarter, compared to analyst estimates of $3.85 million. Energy Fuels had a negative net margin of 90.40% and a negative return on equity of 9.12%. As a group, equities analysts expect that Energy Fuels will post -0.11 EPS for the current fiscal year.

Institutional Trading of Energy Fuels

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. MMCAP International Inc. SPC grew its position in Energy Fuels by 56.5% during the first quarter. MMCAP International Inc. SPC now owns 5,780,394 shares of the company’s stock worth $36,359,000 after buying an additional 2,087,385 shares in the last quarter. Van ECK Associates Corp lifted its position in Energy Fuels by 84.8% in the third quarter. Van ECK Associates Corp now owns 2,360,881 shares of the company’s stock worth $12,961,000 after purchasing an additional 1,083,480 shares during the period. Lloyd Harbor Capital Management LLC bought a new position in Energy Fuels in the second quarter worth $2,787,000. Vident Advisory LLC boosted its stake in Energy Fuels by 30.8% during the first quarter. Vident Advisory LLC now owns 1,507,537 shares of the company’s stock worth $9,482,000 after buying an additional 355,242 shares in the last quarter. Finally, Stanley Laman Group Ltd. increased its holdings in Energy Fuels by 65.2% in the 3rd quarter. Stanley Laman Group Ltd. now owns 785,521 shares of the company’s stock valued at $4,313,000 after buying an additional 309,958 shares during the period. 48.24% of the stock is currently owned by institutional investors and hedge funds.

Energy Fuels Company Profile

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.