“We also highlight that the firm ended the quarter with 385,000 pounds of uranium in its finished goods inventory, which we feel should provide the flexibility to take advantage of an improved pricing environment that could come from supply and demand fundamentals or domestically produced uranium based on Section 232. Vanadium production should begin this month. Energy Fuels reaffirmed its plan to begin recovering vanadium from tailings pond solutions at its in mid-November.”,” the firm’s analyst wrote.
Separately, Noble Financial reiterated a hold rating on shares of Energy Fuels in a research note on Tuesday, August 7th. Four equities research analysts have rated the stock with a buy rating, Energy Fuels presently has an average rating of Buy and a consensus price target of $3.83.
Energy Fuels (NYSEAMERICAN:UUUU) (TSE:EFR) last announced its quarterly earnings results on Monday, November 5th. The basic materials company reported ($0.16) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.05) by ($0.11). The business had revenue of $0.45 million during the quarter, compared to the consensus estimate of $2.65 million.
A number of institutional investors and hedge funds have recently modified their holdings of the stock. BlackRock Inc. boosted its holdings in Energy Fuels by 9.8% in the third quarter. BlackRock Inc. now owns 3,921,224 shares of the basic materials company’s stock valued at $12,862,000 after purchasing an additional 349,998 shares during the last quarter. Northpointe Capital LLC boosted its holdings in Energy Fuels by 1,775.6% in the second quarter. Northpointe Capital LLC now owns 2,184,278 shares of the basic materials company’s stock valued at $4,958,000 after purchasing an additional 2,067,818 shares during the last quarter. Northern Trust Corp purchased a new position in Energy Fuels in the second quarter valued at about $1,375,000. Prescott Group Capital Management L.L.C. purchased a new position in Energy Fuels in the third quarter valued at about $1,854,000. Finally, Renaissance Technologies LLC purchased a new position in Energy Fuels in the second quarter valued at about $1,121,000.
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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