Energy Fuels (NYSE:UUUU) Price Target Raised to $10.75

Energy Fuels (NYSE:UUUU) had its price target hoisted by HC Wainwright from $10.50 to $10.75 in a report released on Tuesday morning, Benzinga reports. HC Wainwright currently has a buy rating on the stock.

Energy Fuels Stock Performance

Energy Fuels stock opened at $5.40 on Tuesday. The stock’s 50-day moving average is $4.93 and its 200-day moving average is $5.73. Energy Fuels has a 12 month low of $4.19 and a 12 month high of $8.68.

Energy Fuels (NYSE:UUUU) last announced its earnings results on Friday, August 2nd. The company reported ($0.04) EPS for the quarter, beating the consensus estimate of ($0.06) by $0.02. The business had revenue of $8.72 million for the quarter, compared to the consensus estimate of $3.85 million. Energy Fuels had a negative return on equity of 6.56% and a negative net margin of 27.23%. Sell-side analysts expect that Energy Fuels will post -0.11 EPS for the current year.

Institutional Investors Weigh In On Energy Fuels

Hedge funds have recently modified their holdings of the stock. Lynx Investment Advisory acquired a new stake in Energy Fuels during the 2nd quarter valued at approximately $30,000. Ashton Thomas Private Wealth LLC acquired a new stake in Energy Fuels during the 2nd quarter valued at approximately $31,000. Xponance Inc. acquired a new stake in Energy Fuels during the 2nd quarter valued at approximately $61,000. Ausdal Financial Partners Inc. acquired a new stake in Energy Fuels during the 2nd quarter valued at approximately $74,000. Finally, Toronto Dominion Bank grew its stake in Energy Fuels by 328.0% during the 2nd quarter. Toronto Dominion Bank now owns 14,141 shares of the company’s stock valued at $86,000 after purchasing an additional 10,837 shares in the last quarter. 48.24% of the stock is currently owned by hedge funds and other institutional investors.

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.