Energy Fuels (NYSEAMERICAN:UUUU) Upgraded by Zacks Investment Research to “Hold”

Energy Fuels (NYSEAMERICAN:UUUUGet Rating) (TSE:EFR) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors on Wednesday, Zacks.com reports.

According to Zacks, “Energy Fuels, Inc. is engaged in mining, production and development of uranium and vanadium. The company operates primarily in Colorado, Utah, Arizona, Wyoming and New Mexico. Energy Fuels, Inc. is based in Toronto, Canada. “

Separately, HC Wainwright restated a “buy” rating and set a $9.75 target price (up previously from $8.50) on shares of Energy Fuels in a research note on Thursday, March 17th.

Shares of NYSEAMERICAN UUUU traded down $0.64 during trading on Wednesday, reaching $5.88. 326,034 shares of the company traded hands, compared to its average volume of 4,526,879. The company has a market cap of $921.44 million, a PE ratio of 294.00 and a beta of 1.42. Energy Fuels has a 52-week low of $4.32 and a 52-week high of $11.39.

Energy Fuels (NYSEAMERICAN:UUUUGet Rating) (TSE:EFR) last issued its quarterly earnings data on Tuesday, March 15th. The basic materials company reported ($0.02) earnings per share for the quarter, topping the consensus estimate of ($0.03) by $0.01. Energy Fuels had a net margin of 48.40% and a negative return on equity of 14.55%. The firm had revenue of $1.66 million for the quarter. As a group, equities research analysts forecast that Energy Fuels will post -0.17 EPS for the current fiscal year.

In other news, Director Dennis Lyle Higgs sold 5,000 shares of Energy Fuels stock in a transaction on Thursday, April 14th. The stock was sold at an average price of $13.58, for a total transaction of $67,900.00. Following the completion of the sale, the director now directly owns 284,837 shares in the company, valued at $3,868,086.46. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Over the last quarter, insiders have sold 13,500 shares of company stock valued at $173,675. Corporate insiders own 1.96% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the stock. Virtu Financial LLC raised its holdings in shares of Energy Fuels by 528.4% in the first quarter. Virtu Financial LLC now owns 112,973 shares of the basic materials company’s stock valued at $1,034,000 after acquiring an additional 94,996 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new position in Energy Fuels in the first quarter worth about $122,000. Goldman Sachs Group Inc. raised its holdings in Energy Fuels by 8.7% in the first quarter. Goldman Sachs Group Inc. now owns 543,169 shares of the basic materials company’s stock worth $4,970,000 after purchasing an additional 43,694 shares in the last quarter. State Street Corp grew its stake in shares of Energy Fuels by 7.4% during the first quarter. State Street Corp now owns 2,415,356 shares of the basic materials company’s stock worth $22,101,000 after acquiring an additional 166,549 shares during the last quarter. Finally, Hsbc Holdings PLC grew its stake in shares of Energy Fuels by 20.8% during the first quarter. Hsbc Holdings PLC now owns 21,309 shares of the basic materials company’s stock worth $201,000 after acquiring an additional 3,665 shares during the last quarter. Hedge funds and other institutional investors own 32.18% of the company’s stock.

About Energy Fuels (Get Rating)

Energy Fuels Inc, together with its subsidiaries, engages in the extraction, recovery, exploration, and sale of conventional and in situ uranium recovery in the United States. The company owns and operates the Nichols Ranch project, the Jane Dough property, and the Hank project located in Wyoming; and the Alta Mesa project located in Texas, as well as White Mesa Mill in Utah.

See Also

Get a free copy of the Zacks research report on Energy Fuels (UUUU)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Energy Fuels Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Energy Fuels and related companies with MarketBeat.com's FREE daily email newsletter.