Energy Fuels (NYSE:UUUU) Stock Price Up 3.7% – Still a Buy?

Energy Fuels Inc. (NYSE:UUUU)’s share price rose 3.7% during trading on Friday . The stock traded as high as $7.00 and last traded at $6.95. Approximately 1,795,348 shares traded hands during mid-day trading, a decline of 42% from the average daily volume of 3,101,200 shares. The stock had previously closed at $6.70.

Analysts Set New Price Targets

Several analysts have recently weighed in on UUUU shares. HC Wainwright lifted their price objective on Energy Fuels from $10.75 to $11.00 and gave the stock a “buy” rating in a report on Monday, November 4th. Roth Mkm reduced their target price on Energy Fuels from $6.00 to $5.50 and set a “neutral” rating for the company in a research report on Monday, November 4th.

Energy Fuels Price Performance

The company has a 50 day moving average of $5.68 and a 200 day moving average of $5.70.

Energy Fuels (NYSE:UUUU) last posted its earnings results on Thursday, October 31st. The company reported ($0.07) earnings per share for the quarter, missing the consensus estimate of ($0.05) by ($0.02). The firm had revenue of $4.05 million during the quarter, compared to the consensus estimate of $5.10 million. Energy Fuels had a negative return on equity of 9.16% and a negative net margin of 90.40%. Equities analysts forecast that Energy Fuels Inc. will post -0.1 earnings per share for the current year.

Institutional Investors Weigh In On Energy Fuels

Institutional investors have recently modified their holdings of the business. Van ECK Associates Corp boosted its position in shares of Energy Fuels by 84.8% during the third quarter. Van ECK Associates Corp now owns 2,360,881 shares of the company’s stock worth $12,961,000 after buying an additional 1,083,480 shares during the period. The Manufacturers Life Insurance Company grew its position in Energy Fuels by 233.1% in the third quarter. The Manufacturers Life Insurance Company now owns 904,190 shares of the company’s stock valued at $4,966,000 after purchasing an additional 632,713 shares in the last quarter. Lloyd Harbor Capital Management LLC acquired a new stake in Energy Fuels in the 2nd quarter valued at $2,787,000. Vident Advisory LLC lifted its position in Energy Fuels by 30.8% during the 1st 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. grew its holdings in shares of 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 acquiring an additional 309,958 shares in the last quarter. Institutional investors and hedge funds own 48.24% of the company’s stock.

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.