Energy Fuels (NYSEAMERICAN:UUUU) Trading Up 6.2% – What’s Next?

Energy Fuels Inc (NYSEAMERICAN:UUUU) shares rose 6.2% during mid-day trading on Monday . The company traded as high as $16.00 and last traded at $15.55. Approximately 3,498,084 shares were traded during mid-day trading, a decline of 74% from the average daily volume of 13,270,871 shares. The stock had previously closed at $14.64.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on UUUU shares. HC Wainwright dropped their target price on Energy Fuels to $26.75 and set a “buy” rating for the company in a research report on Tuesday, November 4th. Roth Capital reissued a “sell” rating on shares of Energy Fuels in a research note on Tuesday. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $13.25.

Energy Fuels Stock Performance

The business has a 50 day moving average price of $15.97 and a two-hundred day moving average price of $13.10. The company has a market cap of $3.37 billion, a P/E ratio of -29.00 and a beta of 1.68.

Insider Activity

In other news, VP Curtis Moore sold 25,000 shares of the firm’s stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of $15.58, for a total value of $389,500.00. Following the transaction, the vice president owned 119,193 shares in the company, valued at approximately $1,857,026.94. This trade represents a 17.34% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Mark Chalmers sold 150,000 shares of Energy Fuels stock in a transaction on Wednesday, November 19th. The stock was sold at an average price of $15.60, for a total transaction of $2,340,000.00. Following the completion of the transaction, the chief executive officer directly owned 911,343 shares in the company, valued at approximately $14,216,950.80. The trade was a 14.13% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 463,119 shares of company stock valued at $6,935,437. Corporate insiders own 1.92% of the company’s stock.

Institutional Investors Weigh In On Energy Fuels

Several institutional investors and hedge funds have recently modified their holdings of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Energy Fuels by 10.8% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,670,863 shares of the company’s stock valued at $46,927,000 after purchasing an additional 1,231,484 shares in the last quarter. Vanguard Group Inc. lifted its holdings in Energy Fuels by 50.6% in the third quarter. Vanguard Group Inc. now owns 11,883,042 shares of the company’s stock worth $182,420,000 after buying an additional 3,991,202 shares during the period. Van ECK Associates Corp lifted its holdings in Energy Fuels by 35.4% in the third quarter. Van ECK Associates Corp now owns 10,194,742 shares of the company’s stock worth $156,489,000 after buying an additional 2,664,735 shares during the period. Ameriprise Financial Inc. grew its holdings in shares of Energy Fuels by 4.7% during the 2nd quarter. Ameriprise Financial Inc. now owns 9,203,210 shares of the company’s stock worth $52,918,000 after acquiring an additional 410,894 shares during the period. Finally, Kingstone Capital Partners Texas LLC purchased a new position in shares of Energy Fuels during the 2nd quarter worth approximately $29,525,000. 48.24% of the stock is owned by hedge funds and other 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.