Energy Fuels (NYSEAMERICAN:UUUU) Stock Price Up 9.1% – Here’s Why

Energy Fuels Inc (NYSEAMERICAN:UUUU) shares traded up 9.1% during mid-day trading on Tuesday . The company traded as high as $24.25 and last traded at $23.93. 15,152,512 shares were traded during mid-day trading, an increase of 3% from the average session volume of 14,781,047 shares. The stock had previously closed at $21.94.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on UUUU shares. B. Riley raised their price objective on Energy Fuels to $27.00 and gave the company a “buy” rating in a report on Tuesday. Roth Capital set a $13.00 price target on shares of Energy Fuels in a research note on Thursday, January 15th. Finally, HC Wainwright restated a “buy” rating and issued a $26.75 price objective on shares of Energy Fuels in a report on Friday, January 9th. Three investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $18.13.

Energy Fuels Price Performance

The stock has a market cap of $5.58 billion, a PE ratio of -48.00 and a beta of 1.47. The business has a 50 day moving average price of $15.91 and a two-hundred day moving average price of $14.39.

Insiders Place Their Bets

In related news, EVP Timothy James Carstens sold 59,594 shares of the firm’s stock in a transaction dated Wednesday, December 10th. The stock was sold at an average price of $14.93, for a total value of $889,738.42. Following the sale, the executive vice president directly owned 107,435 shares of the company’s stock, valued at $1,604,004.55. This trade represents a 35.68% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Alex G. Morrison sold 38,869 shares of the company’s stock in a transaction that occurred on Monday, December 15th. The shares were sold at an average price of $14.32, for a total value of $556,604.08. Following the transaction, the director owned 110,878 shares of the company’s stock, valued at approximately $1,587,772.96. This represents a 25.96% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 463,119 shares of company stock worth $6,935,437. 1.92% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Farther Finance Advisors LLC boosted its stake in shares of Energy Fuels by 3,820.9% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,686 shares of the company’s stock valued at $26,000 after purchasing an additional 1,643 shares in the last quarter. SBI Securities Co. Ltd. grew its stake in Energy Fuels by 27.5% in the second quarter. SBI Securities Co. Ltd. now owns 6,238 shares of the company’s stock worth $36,000 after purchasing an additional 1,344 shares during the period. ORG Partners LLC grew its stake in Energy Fuels by 111.4% in the third quarter. ORG Partners LLC now owns 2,410 shares of the company’s stock worth $40,000 after purchasing an additional 1,270 shares during the period. Fulcrum Asset Management LLP bought a new position in Energy Fuels in the third quarter worth $40,000. Finally, Bessemer Group Inc. lifted its position in Energy Fuels by 19,230.8% during the second quarter. Bessemer Group Inc. now owns 7,539 shares of the company’s stock valued at $43,000 after buying an additional 7,500 shares during the period. 48.24% of the stock is currently owned by institutional investors.

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.