Van ECK Associates Corp raised its stake in Energy Fuels Inc. (NYSEAMERICAN:UUUU – Get Rating) (TSE:EFR) by 17.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 215,402 shares of the basic materials company’s stock after acquiring an additional 31,701 shares during the period. Van ECK Associates Corp owned about 0.14% of Energy Fuels worth $1,336,000 as of its most recent SEC filing.
Other large investors have also recently bought and sold shares of the company. JPMorgan Chase & Co. grew its holdings in shares of Energy Fuels by 12.6% during the first quarter. JPMorgan Chase & Co. now owns 117,025 shares of the basic materials company’s stock worth $1,071,000 after purchasing an additional 13,083 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Energy Fuels by 187.3% during the first 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 purchasing an additional 967,543 shares during the last quarter. Cambridge Investment Research Advisors Inc. grew its holdings in shares of Energy Fuels by 45.4% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 22,403 shares of the basic materials company’s stock worth $206,000 after purchasing an additional 7,000 shares during the last quarter. Bank of Montreal Can grew its holdings in shares of Energy Fuels by 8.0% during the first quarter. Bank of Montreal Can now owns 489,981 shares of the basic materials company’s stock worth $4,585,000 after purchasing an additional 36,152 shares during the last quarter. Finally, MetLife Investment Management LLC grew its holdings in shares of Energy Fuels by 40.1% during the first quarter. MetLife Investment Management LLC now owns 74,736 shares of the basic materials company’s stock worth $684,000 after purchasing an additional 21,383 shares during the last quarter. 38.22% of the stock is currently owned by institutional investors.
In other news, Director J. Birks Bovaird sold 15,000 shares of the firm’s stock in a transaction dated Tuesday, May 9th. The stock was sold at an average price of $8.05, for a total transaction of $120,750.00. Following the sale, the director now owns 191,647 shares of the company’s stock, valued at $1,542,758.35. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 2.22% of the stock is currently owned by insiders.
Analysts Set New Price Targets
Several research firms recently issued reports on UUUU. HC Wainwright reiterated a “buy” rating and issued a $9.75 price target on shares of Energy Fuels in a report on Friday, March 10th. TheStreet cut Energy Fuels from a “c-” rating to a “d” rating in a report on Thursday, March 30th. One research analyst has rated the stock with a sell rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $11.42.
Energy Fuels Stock Up 1.8 %
NYSEAMERICAN:UUUU opened at $6.07 on Friday. Energy Fuels Inc. has a 1-year low of $4.69 and a 1-year high of $8.24. The firm has a 50-day moving average of $6.88. The firm has a market capitalization of $959.24 million, a price-to-earnings ratio of 13.80 and a beta of 1.75.
Energy Fuels (NYSEAMERICAN:UUUU – Get Rating) (TSE:EFR) last released its earnings results on Wednesday, March 8th. The basic materials company reported ($0.11) earnings per share for the quarter, missing the consensus estimate of ($0.05) by ($0.06). Energy Fuels had a net margin of 236.87% and a negative return on equity of 18.32%. The company had revenue of $0.18 million during the quarter, compared to analyst estimates of $1.00 million. As a group, sell-side analysts expect that Energy Fuels Inc. will post 0.16 EPS for the current year.
Energy Fuels Company Profile
Energy Fuels, Inc is a mining development company, which engages in the exploration and evaluation of uranium and vanadium properties. It also operates the Nichols Ranch, Alta Mesa, and White Mesa Mill projects. The company was founded by George E. L. Glasier and John David Mason on June 24, 1987 and is headquartered in Lakewood, CO.
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