The Goldman Sachs Group Upgrades Energy Fuels (NYSEAMERICAN:UUUU) to “Strong-Buy”

Energy Fuels (NYSEAMERICAN:UUUU) was upgraded by The Goldman Sachs Group to a “strong-buy” rating in a report issued on Tuesday,Zacks.com reports.

A number of other equities analysts have also issued reports on the company. Roth Mkm raised Energy Fuels from a “sell” rating to a “neutral” rating and raised their price target for the stock from $13.00 to $15.50 in a report on Wednesday, January 28th. HC Wainwright reiterated a “buy” rating and issued a $26.75 target price on shares of Energy Fuels in a research note on Friday, January 9th. Finally, B. Riley Financial boosted their target price on Energy Fuels to $27.00 and gave the company a “buy” rating in a report on Tuesday, January 20th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $24.81.

Energy Fuels Stock Performance

NYSEAMERICAN UUUU opened at $22.46 on Tuesday. The firm has a market cap of $5.33 billion, a PE ratio of -45.84 and a beta of 1.45. Energy Fuels has a one year low of $3.20 and a one year high of $27.90. The firm’s fifty day moving average is $18.79 and its two-hundred day moving average is $16.15.

Insider Buying and Selling

In other Energy Fuels news, Director Alex G. Morrison sold 38,869 shares of the business’s stock in a transaction that occurred on Monday, December 15th. The stock was sold at an average price of $14.32, for a total transaction of $556,604.08. Following the transaction, 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 position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Dennis Lyle Higgs sold 10,000 shares of the stock in a transaction that occurred on Tuesday, November 25th. The stock was sold at an average price of $14.39, for a total value of $143,900.00. Following the transaction, the director directly owned 167,964 shares of the company’s stock, valued at approximately $2,417,001.96. This trade represents a 5.62% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 463,119 shares of company stock worth $6,935,437 in the last three months. Company insiders own 1.77% of the company’s stock.

Institutional Investors Weigh In On Energy Fuels

Hedge funds and other institutional investors have recently bought and sold shares of the business. AQR Capital Management LLC purchased a new stake in shares of Energy Fuels during the 1st quarter worth $871,000. NewEdge Advisors LLC boosted its holdings in Energy Fuels by 67.7% during the first quarter. NewEdge Advisors LLC now owns 57,876 shares of the company’s stock worth $216,000 after buying an additional 23,356 shares in the last quarter. Janney Montgomery Scott LLC boosted its holdings in Energy Fuels by 11.2% during the second quarter. Janney Montgomery Scott LLC now owns 138,277 shares of the company’s stock worth $795,000 after buying an additional 13,883 shares in the last quarter. Vanguard Personalized Indexing Management LLC acquired a new position in Energy Fuels during the second quarter worth about $80,000. Finally, CWM LLC increased its holdings in Energy Fuels by 20.3% in the second quarter. CWM LLC now owns 21,052 shares of the company’s stock valued at $121,000 after buying an additional 3,551 shares in the last quarter. Institutional investors and hedge funds own 48.24% of the company’s stock.

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.