Energy Fuels (NYSE:UUUU) Shares Gap Up – Here’s Why

Energy Fuels Inc. (NYSE:UUUU) shares gapped up prior to trading on Monday . The stock had previously closed at $6.64, but opened at $7.05. Energy Fuels shares last traded at $6.97, with a volume of 1,429,274 shares trading hands.

Analyst Upgrades and Downgrades

UUUU has been the topic of several recent analyst reports. HC Wainwright increased their price objective on shares of Energy Fuels from $10.75 to $11.00 and gave the stock a “buy” rating in a report on Monday, November 4th. Roth Mkm dropped their price target on shares of 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 stock has a market cap of $1.41 billion, a PE ratio of -32.91 and a beta of 1.60. The stock has a 50-day simple moving average of $5.84 and a 200-day simple moving average of $5.73.

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

Hedge Funds Weigh In On Energy Fuels

A number of hedge funds have recently made changes to their positions in UUUU. BNP Paribas Financial Markets boosted its position in Energy Fuels by 6.0% during the 3rd quarter. BNP Paribas Financial Markets now owns 29,353 shares of the company’s stock worth $161,000 after purchasing an additional 1,653 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its position in shares of Energy Fuels by 2.5% in the third quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 94,287 shares of the company’s stock worth $518,000 after buying an additional 2,309 shares during the period. FMR LLC grew its stake in shares of Energy Fuels by 3.1% in the third quarter. FMR LLC now owns 82,754 shares of the company’s stock valued at $455,000 after buying an additional 2,520 shares in the last quarter. ProShare Advisors LLC raised its holdings in shares of Energy Fuels by 10.8% during the 1st 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, Sequoia Financial Advisors LLC lifted its position in Energy Fuels by 14.6% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 23,628 shares of the company’s stock worth $143,000 after acquiring an additional 3,014 shares in the last quarter. Hedge funds and other institutional investors 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.