Energy Fuels (NYSEAMERICAN:UUUU) Trading 8% Higher on Analyst Upgrade

Energy Fuels Inc (NYSEAMERICAN:UUUU) rose 8% during mid-day trading on Monday after HC Wainwright raised their price target on the stock from $26.75 to $27.25. HC Wainwright currently has a buy rating on the stock. Energy Fuels traded as high as $23.14 and last traded at $23.03. Approximately 5,476,153 shares changed hands during mid-day trading, a decline of 64% from the average daily volume of 15,052,036 shares. The stock had previously closed at $21.32.

A number of other brokerages have also weighed in on UUUU. The Goldman Sachs Group began coverage on Energy Fuels in a research report on Tuesday, February 10th. They set a “buy” rating and a $30.00 target price on the stock. Roth Mkm upgraded shares of Energy Fuels from a “sell” rating to a “neutral” rating and upped their price objective for the stock from $13.00 to $15.50 in a report on Wednesday, January 28th. Finally, B. Riley Financial lifted their price objective on shares of Energy Fuels to $27.00 and gave the company a “buy” rating in a report on Tuesday, January 20th. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, Energy Fuels has an average rating of “Moderate Buy” and a consensus target price of $24.94.

Insider Activity at Energy Fuels

In other news, Director Alex G. Morrison sold 38,869 shares of the business’s stock in a transaction dated Monday, December 15th. The stock was sold at an average price of $14.32, for a total transaction of $556,604.08. Following the sale, the director owned 110,878 shares in the company, valued at approximately $1,587,772.96. The trade was a 25.96% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Timothy James Carstens sold 59,594 shares of the company’s stock in a transaction dated Wednesday, December 10th. The shares were sold at an average price of $14.93, for a total transaction of $889,738.42. Following the transaction, the executive vice president owned 107,435 shares in the company, valued at approximately $1,604,004.55. This trade represents a 35.68% decrease in their position. The SEC filing for this sale provides additional information. 1.92% of the stock is owned by company insiders.

Institutional Investors Weigh In On Energy Fuels

A number of large investors have recently bought and sold shares of UUUU. TD Waterhouse Canada Inc. raised its position in Energy Fuels by 1.7% during the 4th quarter. TD Waterhouse Canada Inc. now owns 30,574 shares of the company’s stock worth $442,000 after buying an additional 500 shares during the last quarter. IFP Advisors Inc increased its stake in shares of Energy Fuels by 7.7% in the fourth quarter. IFP Advisors Inc now owns 7,173 shares of the company’s stock worth $104,000 after acquiring an additional 511 shares during the period. Harbour Investments Inc. raised its holdings in shares of Energy Fuels by 74.5% during the fourth quarter. Harbour Investments Inc. now owns 1,736 shares of the company’s stock worth $25,000 after purchasing an additional 741 shares during the last quarter. Ameritas Advisory Services LLC raised its holdings in shares of Energy Fuels by 18.8% during the third quarter. Ameritas Advisory Services LLC now owns 4,750 shares of the company’s stock worth $73,000 after purchasing an additional 750 shares during the last quarter. Finally, Smartleaf Asset Management LLC lifted its position in Energy Fuels by 75.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,757 shares of the company’s stock valued at $25,000 after purchasing an additional 758 shares during the period. Hedge funds and other institutional investors own 48.24% of the company’s stock.

Energy Fuels Stock Up 7.0%

The company has a quick ratio of 28.34, a current ratio of 30.69 and a debt-to-equity ratio of 0.99. The company has a market capitalization of $5.41 billion, a price-to-earnings ratio of -60.03 and a beta of 1.42. The business’s 50-day moving average is $20.38 and its 200-day moving average is $17.22.

Energy Fuels (NYSEAMERICAN:UUUU) last released its quarterly earnings data on Friday, February 27th. The company reported ($0.12) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.05). Energy Fuels had a negative net margin of 130.63% and a negative return on equity of 13.15%. As a group, equities analysts predict that Energy Fuels Inc will post -0.1 earnings per share for the current year.

About Energy Fuels

Energy Fuels Inc (NYSE American: UUUU) is a U.S.-based mineral resources company focused on the production and processing of uranium, rare earth elements and other strategic minerals. The company’s core business activity centers on supplying nuclear fuel to power generators, leveraging a diversified portfolio of conventional and in-situ recovery (ISR) uranium mines located primarily on the Colorado Plateau, in Wyoming and in Texas.

At the heart of Energy Fuels’ operations is the White Mesa Mill in southeastern Utah, the only conventional uranium-vanadium mill currently permitted and operating in the United States.