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

Energy Fuels Inc. (NYSE:UUUU)’s stock price gapped up before the market opened 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 traded.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. HC Wainwright boosted their price objective on Energy Fuels from $10.75 to $11.00 and gave the company a “buy” rating in a report on Monday, November 4th. Roth Mkm decreased 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 note on Monday, November 4th.

Energy Fuels Trading Up 9.9 %

The firm has a market capitalization of $1.42 billion, a PE ratio of -32.86 and a beta of 1.60. The business has a 50 day moving average price of $5.78 and a 200-day moving average price of $5.72.

Energy Fuels (NYSE:UUUU) last issued its quarterly earnings data on Thursday, October 31st. The company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate 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 analyst estimates of $5.10 million. On average, equities research analysts forecast that Energy Fuels Inc. will post -0.1 earnings per share for the current year.

Hedge Funds Weigh In On Energy Fuels

Several institutional investors have recently added to or reduced their stakes in UUUU. BNP Paribas Financial Markets grew its holdings in Energy Fuels by 6.0% in the 3rd quarter. BNP Paribas Financial Markets now owns 29,353 shares of the company’s stock valued at $161,000 after buying 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 acquiring an additional 2,309 shares during the last quarter. FMR LLC grew its holdings in 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 purchasing an additional 2,520 shares during the period. ProShare Advisors LLC increased its position in Energy Fuels by 10.8% during the first quarter. ProShare Advisors LLC now owns 28,816 shares of the company’s stock worth $181,000 after purchasing an additional 2,798 shares during the last quarter. Finally, Sequoia Financial Advisors LLC raised its stake in Energy Fuels by 14.6% during the second quarter. Sequoia Financial Advisors LLC now owns 23,628 shares of the company’s stock worth $143,000 after purchasing an additional 3,014 shares during the period. 48.24% of the stock is currently owned by institutional investors and hedge funds.

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.