Northern Trust Corp purchased a new position in Energy Fuels Inc (NYSEAMERICAN:UUUU) (TSE:EFR) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 605,823 shares of the basic materials company’s stock, valued at approximately $1,375,000. Northern Trust Corp owned 0.69% of Energy Fuels as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. BlackRock Inc. increased its stake in shares of Energy Fuels by 1,930.1% in the 2nd quarter. BlackRock Inc. now owns 3,571,226 shares of the basic materials company’s stock valued at $8,106,000 after acquiring an additional 3,395,312 shares in the last quarter. Renaissance Technologies LLC purchased a new stake in Energy Fuels during the second quarter valued at about $1,121,000. Bank of New York Mellon Corp purchased a new stake in Energy Fuels during the second quarter valued at about $410,000. Schwab Charles Investment Management Inc. purchased a new stake in Energy Fuels during the second quarter valued at about $314,000. Finally, Rhumbline Advisers purchased a new stake in Energy Fuels during the second quarter valued at about $146,000.
In related news, Director Benjamin Eshleman III sold 50,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 21st. The shares were sold at an average price of $3.36, for a total value of $168,000.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.
Energy Fuels (NYSEAMERICAN:UUUU) (TSE:EFR) last posted its quarterly earnings data on Monday, November 5th. The basic materials company reported ($0.16) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.05) by ($0.11). The company had revenue of $0.45 million for the quarter, compared to the consensus estimate of $2.65 million.
Several equities research analysts have recently weighed in on UUUU shares. 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 reiterated a “buy” rating on shares of Energy Fuels in a research report on Thursday, October 4th. TheStreet upgraded Energy Fuels from a “d” rating to a “c-” rating in a research report on Monday, November 5th. Finally, Zacks Investment Research cut Energy Fuels from a “buy” rating to a “hold” rating in a research report on Saturday, November 10th. One investment analyst has rated the stock with a hold rating and three have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $3.83.
Energy Fuels 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.
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