HC Wainwright Increases Energy Fuels (NYSE:UUUU) Price Target to $10.75

Energy Fuels (NYSE:UUUU) had its target price raised by HC Wainwright from $10.00 to $10.75 in a report published on Wednesday morning, Benzinga reports. HC Wainwright currently has a buy rating on the stock. HC Wainwright also issued estimates for Energy Fuels’ FY2024 earnings at ($0.11) EPS and FY2025 earnings at $0.10 EPS.

A number of other analysts also recently issued reports on the stock. B. Riley initiated coverage on shares of Energy Fuels in a report on Thursday, April 18th. They set a buy rating and a $9.00 price objective for the company. Roth Mkm downgraded shares of Energy Fuels from a buy rating to a neutral rating and lowered their price target for the stock from $6.50 to $6.25 in a research note on Wednesday, June 5th. Finally, Roth Capital downgraded shares of Energy Fuels from a strong-buy rating to a hold rating in a research note on Wednesday, June 5th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat.com, Energy Fuels presently has a consensus rating of Hold and a consensus price target of $8.67.

Energy Fuels Stock Performance

Shares of NYSE:UUUU opened at $6.02 on Wednesday. Energy Fuels has a one year low of $5.16 and a one year high of $9.02. The company has a market cap of $985.17 million, a P/E ratio of -85.99 and a beta of 1.65. The firm has a fifty day moving average price of $6.14.

Energy Fuels (NYSE:UUUU) last posted its quarterly earnings data on Friday, May 3rd. The company reported $0.02 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.02. Energy Fuels had a negative net margin of 24.83% and a negative return on equity of 6.27%. The company had revenue of $25.43 million during the quarter, compared to the consensus estimate of $26.25 million. As a group, sell-side analysts forecast that Energy Fuels will post -0.11 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Energy Fuels news, Director J. Birks Bovaird sold 10,000 shares of the business’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 sale, the director now directly owns 187,380 shares of the company’s stock, valued at $1,738,886.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders acquired 8,013 shares of company stock valued at $48,050 over the last three months. Insiders own 1.92% of the company’s stock.

Hedge Funds Weigh In On Energy Fuels

A number of hedge funds have recently modified their holdings of the company. New York State Common Retirement Fund increased its position in shares of Energy Fuels by 2.3% in the third quarter. New York State Common Retirement Fund now owns 57,582 shares of the company’s stock valued at $473,000 after acquiring an additional 1,282 shares during the period. Bank of Nova Scotia increased its position in shares of Energy Fuels by 0.8% in the third quarter. Bank of Nova Scotia now owns 312,266 shares of the company’s stock valued at $2,566,000 after acquiring an additional 2,443 shares during the period. Principal Financial Group Inc. increased its position in shares of Energy Fuels by 14.3% in the first quarter. Principal Financial Group Inc. now owns 21,111 shares of the company’s stock valued at $133,000 after acquiring an additional 2,639 shares during the period. ProShare Advisors LLC increased its position in shares of Energy Fuels by 10.8% during the first quarter. ProShare Advisors LLC now owns 28,816 shares of the company’s stock valued at $181,000 after buying an additional 2,798 shares during the period. Finally, Public Sector Pension Investment Board increased its position in shares of Energy Fuels by 1.0% during the third quarter. Public Sector Pension Investment Board now owns 341,903 shares of the company’s stock valued at $2,822,000 after buying an additional 3,259 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.