Ross Bhappu Buys 74,000 Shares of Energy Fuels (NYSEAMERICAN:UUUU) Stock

Energy Fuels Inc (NYSEAMERICAN:UUUU) CEO Ross Bhappu purchased 74,000 shares of the business’s stock in a transaction on Tuesday, July 7th. The shares were bought at an average cost of $13.08 per share, for a total transaction of $967,920.00. Following the purchase, the chief executive officer owned 256,583 shares of the company’s stock, valued at $3,356,105.64. This trade represents a 40.53% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this link.

Energy Fuels Price Performance

Shares of UUUU traded up $0.35 during mid-day trading on Thursday, reaching $13.49. The company had a trading volume of 6,242,832 shares, compared to its average volume of 8,793,035. Energy Fuels Inc has a fifty-two week low of $6.00 and a fifty-two week high of $27.90. The firm has a fifty day simple moving average of $16.99 and a 200-day simple moving average of $18.90. The company has a quick ratio of 25.59, a current ratio of 27.51 and a debt-to-equity ratio of 0.93.

Energy Fuels (NYSEAMERICAN:UUUU) last released its quarterly earnings data on Wednesday, May 6th. The company reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.02). Energy Fuels had a negative return on equity of 10.23% and a negative net margin of 83.26%.The firm had revenue of $35.84 million for the quarter. During the same period last year, the firm posted ($0.13) EPS. The firm’s revenue was up 112.1% on a year-over-year basis. Equities analysts expect that Energy Fuels Inc will post -0.14 earnings per share for the current year.

Institutional Trading of Energy Fuels

Several hedge funds and other institutional investors have recently bought and sold shares of UUUU. GK Wealth Management LLC bought a new position in Energy Fuels during the second quarter worth $148,000. CoreCap Advisors LLC lifted its position in shares of Energy Fuels by 591.7% in the 2nd quarter. CoreCap Advisors LLC now owns 4,150 shares of the company’s stock worth $60,000 after buying an additional 3,550 shares during the last quarter. Hilltop National Bank boosted its holdings in shares of Energy Fuels by 39.1% in the 2nd quarter. Hilltop National Bank now owns 4,284 shares of the company’s stock valued at $62,000 after buying an additional 1,204 shares during the period. Sapient Capital LLC bought a new stake in shares of Energy Fuels during the 1st quarter valued at about $6,486,000. Finally, Empowered Funds LLC grew its position in shares of Energy Fuels by 4,108.3% during the 1st quarter. Empowered Funds LLC now owns 511,478 shares of the company’s stock valued at $9,334,000 after buying an additional 499,324 shares during the last quarter. 48.24% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have recently commented on UUUU. The Goldman Sachs Group cut their target price on shares of Energy Fuels from $29.00 to $21.00 and set a “buy” rating on the stock in a research note on Friday, June 12th. HC Wainwright reaffirmed a “buy” rating and set a $29.00 price target on shares of Energy Fuels in a report on Monday, June 22nd. Finally, Roth Capital set a $16.00 price objective on shares of Energy Fuels in a research report on Thursday, June 25th. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $23.25.

Energy Fuels Company Profile

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.