Energy Fuels Inc (UUUU) Receives Average Recommendation of “Buy” from Brokerages

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Energy Fuels Inc (NYSEAMERICAN:UUUU) (TSE:EFR) has been given a consensus rating of “Buy” by the six research firms that are presently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation and four have given a buy recommendation to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $3.83.

UUUU has been the topic of a number of research reports. HC Wainwright set a $5.00 price target on Energy Fuels and gave the company a “buy” rating in a research report on Monday, August 6th. Noble Financial restated a “hold” rating on shares of Energy Fuels in a research report on Tuesday, August 7th. Finally, TheStreet upgraded Energy Fuels from a “d” rating to a “c-” rating in a research report on Monday.

NYSEAMERICAN UUUU opened at $3.70 on Wednesday. Energy Fuels has a twelve month low of $1.35 and a twelve month high of $4.09.

Energy Fuels (NYSEAMERICAN:UUUU) (TSE:EFR) last released its quarterly earnings results on Monday, November 5th. The basic materials company reported ($0.16) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.05) by ($0.11). The business had revenue of $0.45 million during the quarter, compared to analyst estimates of $2.65 million.

Several institutional investors and hedge funds have recently added to or reduced their stakes in UUUU. Rhumbline Advisers purchased a new position in shares of Energy Fuels in the second quarter worth about $146,000. Wells Fargo & Company MN increased its holdings in shares of Energy Fuels by 417.8% in the third quarter. Wells Fargo & Company MN now owns 46,440 shares of the basic materials company’s stock worth $152,000 after buying an additional 37,472 shares during the period. Schwab Charles Investment Management Inc. purchased a new position in shares of Energy Fuels in the second quarter worth about $314,000. Bank of New York Mellon Corp purchased a new position in shares of Energy Fuels in the second quarter worth about $410,000. Finally, CIBC Asset Management Inc purchased a new position in shares of Energy Fuels in the third quarter worth about $816,000.

About Energy Fuels

Energy Fuels Inc, together with its subsidiaries, engages in the extraction, recovery, exploration, and sale of uranium in the United States. It operates in two segments, Conventional Uranium and ISR Uranium. The company owns and operates the Nichols Ranch uranium recovery facility located in Wyoming; the Alta Mesa project located in Texas; and the White Mesa Mill located in Utah.

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