The Energy Fuels Inc (UUUU) Upgraded by Zacks Investment Research to Buy, Report finds

The Energy Fuels Inc (UUUU) Upgraded by Zacks Investment Research to Buy, Report finds

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. “

Zacks Investment Research upgraded shares of Energy Fuels Inc (NASDAQ:UUUU) (TSE:EFR) from a hold rating to a buy rating in a report issued on Wednesday. The firm currently has $2.25 price target on the stock.

Separately, Roth Capital set a $3.00 price objective on Energy Fuels and gave the stock a buy rating in a research note on Monday, October 17th.

Shares of Energy Fuels (NASDAQ:UUUU) traded up 3.49% during midday trading on Wednesday, reaching $2.37. The company’s stock had a trading volume of 924,859 shares. Energy Fuels has a 52 week low of $1.29 and a 52 week high of $2.98. The stock’s market capitalization is $156.91 million. The stock has a 50-day moving average price of $2.04 and a 200 day moving average price of $1.84.

Several hedge funds have recently modified their holdings of UUUU. Global X Management Co. LLC boosted its stake in shares of Energy Fuels by 78.3% in the third quarter. Global X Management Co. LLC now owns 2,341,719 shares of the company’s stock valued at $3,777,000 after buying an additional 1,028,725 shares during the period. Sprott Inc. acquired a new stake in shares of Energy Fuels during the third quarter valued at approximately $883,000. Commerzbank Aktiengesellschaft FI boosted its stake in shares of Energy Fuels by 6.5% in the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 228,980 shares of the company’s stock valued at $376,000 after buying an additional 13,879 shares during the period. Finally, Anson Funds Management LP acquired a new stake in shares of Energy Fuels during the third quarter valued at approximately $367,000.

About Energy Fuels

Energy Fuels Inc (Energy Fuels) is engaged in conventional and in situ (ISR) uranium extraction and recovery, along with the exploration, permitting and evaluation of uranium properties in the United States. The Company operates through two segments: ISR Uranium and Conventional Uranium. It conducts its ISR activities through its Nichols Ranch Project, located in northeast Wyoming.

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