B. Riley Begins Coverage on Energy Fuels (NYSEAMERICAN:UUUU)

B. Riley began coverage on shares of Energy Fuels (NYSEAMERICAN:UUUU) (TSE:EFR) in a research report sent to investors on Thursday, MarketBeat.com reports. The firm issued a buy rating and a $9.00 price target on the basic materials company’s stock.

Separately, Roth Mkm upped their price target on Energy Fuels from $9.25 to $10.50 and gave the stock a buy rating in a research report on Tuesday, January 23rd. One equities research analyst has rated the stock with a sell rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of Moderate Buy and an average price target of $9.83.

Energy Fuels Stock Performance

Energy Fuels stock opened at $5.85 on Thursday. The business’s fifty day moving average is $6.87. The stock has a market capitalization of $943.43 million, a price-to-earnings ratio of 9.29 and a beta of 1.53. Energy Fuels has a twelve month low of $4.99 and a twelve month high of $9.02.

Energy Fuels (NYSEAMERICAN:UUUU) (TSE:EFR) last issued its quarterly earnings results on Friday, February 23rd. The basic materials company reported ($0.13) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.10). The business 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%. Research analysts anticipate that Energy Fuels will post -0.19 earnings per share for the current year.

Insider Transactions at Energy Fuels

In related news, Director J. Birks Bovaird sold 10,000 shares of the firm’s stock in a transaction on Wednesday, April 3rd. The stock was 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 owns 187,380 shares in the company, valued at approximately $1,738,886.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 2.30% of the company’s stock.

Hedge Funds Weigh In On Energy Fuels

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in UUUU. JPMorgan Chase & Co. raised its stake in Energy Fuels by 12.6% in the 1st quarter. JPMorgan Chase & Co. now owns 117,025 shares of the basic materials company’s stock worth $1,071,000 after acquiring an additional 13,083 shares during the last quarter. Bank of New York Mellon Corp raised its stake in Energy Fuels by 187.3% in the 1st quarter. Bank of New York Mellon Corp now owns 1,484,213 shares of the basic materials company’s stock worth $13,581,000 after acquiring an additional 967,543 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its stake in shares of Energy Fuels by 45.4% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 22,403 shares of the basic materials company’s stock valued at $206,000 after buying an additional 7,000 shares during the last quarter. Bank of Montreal Can raised its stake in shares of Energy Fuels by 8.0% during the 1st quarter. Bank of Montreal Can now owns 489,981 shares of the basic materials company’s stock valued at $4,585,000 after buying an additional 36,152 shares during the last quarter. Finally, MetLife Investment Management LLC raised its stake in shares of Energy Fuels by 40.1% during the 1st quarter. MetLife Investment Management LLC now owns 74,736 shares of the basic materials company’s stock valued at $684,000 after buying an additional 21,383 shares during 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.