Van ECK Associates Corp Boosts Stock Position in Energy Fuels Inc. (NYSE:UUUU)

Van ECK Associates Corp boosted its holdings in shares of Energy Fuels Inc. (NYSE:UUUU) by 84.8% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,360,881 shares of the company’s stock after purchasing an additional 1,083,480 shares during the period. Van ECK Associates Corp’s holdings in Energy Fuels were worth $12,961,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Principal Financial Group Inc. increased its stake in shares of Energy Fuels by 14.3% during the first quarter. Principal Financial Group Inc. now owns 21,111 shares of the company’s stock valued at $133,000 after buying an additional 2,639 shares during the period. ProShare Advisors LLC lifted its position in shares of Energy Fuels by 10.8% in the 1st 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 period. Sequoia Financial Advisors LLC boosted its stake in shares of Energy Fuels by 14.6% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 23,628 shares of the company’s stock valued at $143,000 after purchasing an additional 3,014 shares in the last quarter. Vontobel Holding Ltd. increased its position in shares of Energy Fuels by 12.4% during the third quarter. Vontobel Holding Ltd. now owns 33,999 shares of the company’s stock valued at $187,000 after buying an additional 3,752 shares during the period. Finally, Signaturefd LLC increased its position in shares of Energy Fuels by 261.7% during the third quarter. Signaturefd LLC now owns 5,972 shares of the company’s stock valued at $33,000 after buying an additional 4,321 shares during the period. Institutional investors own 48.24% of the company’s stock.

Energy Fuels Stock Performance

Shares of UUUU opened at $5.85 on Wednesday. Energy Fuels Inc. has a fifty-two week low of $4.19 and a fifty-two week high of $8.68. The firm’s 50-day simple moving average is $5.48 and its two-hundred day simple moving average is $5.67. The stock has a market cap of $1.14 billion, a PE ratio of -26.59 and a beta of 1.60.

Energy Fuels (NYSE:UUUU) last posted its quarterly earnings results on Thursday, October 31st. The company reported ($0.07) earnings per share for the quarter, missing the consensus estimate of ($0.05) by ($0.02). The company had revenue of $4.05 million during the quarter, compared to analysts’ expectations of $5.10 million. Energy Fuels had a negative return on equity of 9.16% and a negative net margin of 90.40%. Equities research analysts predict that Energy Fuels Inc. will post -0.11 EPS for the current year.

Wall Street Analysts Forecast Growth

UUUU has been the subject of several research analyst reports. HC Wainwright raised 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. Roth Mkm dropped their price target on Energy Fuels from $6.00 to $5.50 and set a “neutral” rating on the stock in a research report on Monday. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $8.50.

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.