Energy Fuels (NYSEAMERICAN:UUUU) Coverage Initiated at B. Riley

Equities research analysts at B. Riley assumed coverage on shares of Energy Fuels (NYSEAMERICAN:UUUU) (TSE:EFR) in a research note issued to investors on Thursday, Briefing.com reports. The firm set a “buy” rating and a $9.00 price target on the basic materials company’s stock. B. Riley’s target price points to a potential upside of 56.25% from the stock’s previous close.

Separately, Roth Mkm lifted their price target on shares of Energy Fuels from $9.25 to $10.50 and gave the company a “buy” rating in a research report on Tuesday, January 23rd. One research analyst has rated the stock with a sell rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $9.83.

Energy Fuels Price Performance

Shares of NYSEAMERICAN UUUU opened at $5.76 on Thursday. The stock has a market cap of $928.92 million, a PE ratio of 9.14 and a beta of 1.53. The company’s fifty day moving average is $6.87. Energy Fuels has a 52-week low of $4.99 and a 52-week high of $9.02.

Energy Fuels (NYSEAMERICAN:UUUU) (TSE:EFR) last announced its quarterly earnings results on Friday, February 23rd. The basic materials company reported ($0.13) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.10). The firm had revenue of $0.47 million for the quarter, compared to analyst estimates of $6.45 million. Energy Fuels had a negative return on equity of 7.97% and a net margin of 263.04%. On average, sell-side analysts forecast that Energy Fuels will post -0.19 earnings per share for the current fiscal year.

Insider Activity at Energy Fuels

In other news, Director J. Birks Bovaird sold 10,000 shares of the company’s stock in a transaction on Wednesday, April 3rd. The shares were sold at an average price of $9.28, for a total value of $92,800.00. Following the completion of the transaction, the director now directly owns 187,380 shares in the company, valued at $1,738,886.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 2.30% of the company’s stock.

Hedge Funds Weigh In On Energy Fuels

Institutional investors have recently made changes to their positions in the business. McGlone Suttner Wealth Management Inc. bought a new stake in shares of Energy Fuels in the fourth quarter worth $31,000. Optiver Holding B.V. lifted its position in shares of Energy Fuels by 1,282.2% during the fourth quarter. Optiver Holding B.V. now owns 4,423 shares of the basic materials company’s stock worth $32,000 after purchasing an additional 4,103 shares during the last quarter. IFP Advisors Inc acquired a new position in Energy Fuels in the third quarter worth about $51,000. Verition Fund Management LLC acquired a new stake in Energy Fuels during the second quarter valued at approximately $62,000. Finally, Exchange Traded Concepts LLC acquired a new stake in Energy Fuels during the third quarter valued at approximately $63,000. 48.24% of the stock is 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.