Energy Fuels (NYSEAMERICAN:UUUU) Lifted to Hold at Zacks Investment Research

Zacks Investment Research upgraded shares of Energy Fuels (NYSEAMERICAN:UUUU) (TSE:EFR) from a strong sell rating to a hold rating in a research note published on Tuesday, Zacks.com reports.

According to Zacks, “Energy Fuels, Inc. is engaged in mining, production and development of uranium and vanadium. The company operates primarily in Colorado, Utah, Arizona, Wyoming and New Mexico. Energy Fuels, Inc. is based in Toronto, Canada. “

UUUU has been the subject of a number of other research reports. HC Wainwright upped their price objective on shares of Palatin Technologies from $5.00 to $6.00 and gave the company a buy rating in a report on Thursday, May 9th. Noble Financial set a $4.00 price objective on shares of Salem Media Group and gave the company a buy rating in a report on Monday, May 13th.

NYSEAMERICAN:UUUU opened at $1.95 on Tuesday. Energy Fuels has a fifty-two week low of $1.82 and a fifty-two week high of $4.09.

Energy Fuels (NYSEAMERICAN:UUUU) (TSE:EFR) last posted its quarterly earnings data on Wednesday, May 8th. The basic materials company reported ($0.13) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.03) by ($0.10). The business had revenue of $1.67 million for the quarter, compared to the consensus estimate of $11.91 million.

A number of large investors have recently modified their holdings of the stock. Exane Derivatives raised its holdings in Energy Fuels by 34.4% in the second quarter. Exane Derivatives now owns 417,864 shares of the basic materials company’s stock valued at $1,299,000 after acquiring an additional 107,000 shares in the last quarter. GHP Investment Advisors Inc. raised its holdings in Energy Fuels by 63.6% during the first quarter. GHP Investment Advisors Inc. now owns 102,935 shares of the basic materials company’s stock worth $343,000 after purchasing an additional 40,029 shares in the last quarter. Osborn Williams & Donohoe LLC acquired a new stake in Energy Fuels during the first quarter worth approximately $33,000. SG Americas Securities LLC acquired a new stake in Energy Fuels during the first quarter worth approximately $50,000. Finally, BNP Paribas Arbitrage SA raised its holdings in Energy Fuels by 293.0% during the first quarter. BNP Paribas Arbitrage SA now owns 17,696 shares of the basic materials company’s stock worth $59,000 after purchasing an additional 13,193 shares in the last quarter.

Energy Fuels Company Profile

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.

Recommended Story: Limitations of the P/E Growth ratio

Get a free copy of the Zacks research report on Energy Fuels (UUUU)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Energy Fuels Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Energy Fuels and related companies with MarketBeat.com's FREE daily email newsletter.