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

Van ECK Associates Corp increased its stake in shares of Energy Fuels Inc. (NYSE:UUUU - Free Report) by 84.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,360,881 shares of the company's stock after acquiring an additional 1,083,480 shares during the quarter. Van ECK Associates Corp owned approximately 1.22% of Energy Fuels worth $12,961,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the stock. Wealth Enhancement Advisory Services LLC bought a new stake in shares of Energy Fuels during the third quarter worth about $91,000. Ballentine Partners LLC purchased a new stake in Energy Fuels in the 3rd quarter valued at about $64,000. Private Advisor Group LLC lifted its position in shares of Energy Fuels by 8.7% during the 3rd quarter. Private Advisor Group LLC now owns 89,124 shares of the company's stock worth $489,000 after buying an additional 7,122 shares in the last quarter. Stanley Laman Group Ltd. lifted its position in shares of Energy Fuels by 65.2% during the 3rd quarter. Stanley Laman Group Ltd. now owns 785,521 shares of the company's stock worth $4,313,000 after buying an additional 309,958 shares in the last quarter. Finally, Eastern Bank purchased a new stake in shares of Energy Fuels during the 3rd quarter valued at $27,000. 48.24% of the stock is currently owned by institutional investors and hedge funds.

Energy Fuels Stock Performance

Shares of Energy Fuels stock traded up $0.19 during trading hours on Wednesday, hitting $6.04. The company's stock had a trading volume of 4,813,508 shares, compared to its average volume of 3,093,878. Energy Fuels Inc. has a 12-month low of $4.19 and a 12-month high of $8.68. The company has a market cap of $1.17 billion, a PE ratio of -27.45 and a beta of 1.60. The business has a 50 day moving average price of $5.51 and a two-hundred day moving average price of $5.66.

Energy Fuels (NYSE:UUUU - Get Free Report) last announced its 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). Energy Fuels had a negative net margin of 90.40% and a negative return on equity of 9.16%. The firm had revenue of $4.05 million during the quarter, compared to analysts' expectations of $5.10 million. As a group, research analysts anticipate that Energy Fuels Inc. will post -0.11 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms have commented on UUUU. HC Wainwright upped their price objective on shares of Energy Fuels from $10.75 to $11.00 and gave the company a "buy" rating in a report on Monday. Roth Mkm reduced their price objective on shares of Energy Fuels from $6.00 to $5.50 and set a "neutral" rating for the company in a research note on Monday. One analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $8.50.

Energy Fuels Company Profile

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.