Dennis Lyle Higgs Sells 20,000 Shares of Energy Fuels (NYSEAMERICAN:UUUU) Stock

Key Points

• Dennis Lyle Higgs, a director at Energy Fuels, sold a total of **37,500 shares** on multiple occasions in August, resulting in sales worth around **$412,800**.
• Energy Fuels stock recently declined by **1.7%**, closing at **$11.36**, with a trading volume of over **9 million shares**.
• Brokerages have mixed ratings on Energy Fuels, with HC Wainwright maintaining a “buy” rating and increasing the price target from **$10.00 to $12.00**.

Energy Fuels Inc (NYSEAMERICAN:UUUU - Get Free Report) Director Dennis Lyle Higgs sold 20,000 shares of Energy Fuels stock in a transaction that occurred on Thursday, August 28th. The shares were sold at an average price of $11.79, for a total transaction of $235,800.00. Following the transaction, the director directly owned 256,381 shares in the company, valued at $3,022,731.99. This represents a 7.24% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Dennis Lyle Higgs also recently made the following trade(s):

• On Friday, August 29th, Dennis Lyle Higgs sold 2,500 shares of Energy Fuels stock. The shares were sold at an average price of $12.20, for a total transaction of $30,500.00.
• On Monday, August 18th, Dennis Lyle Higgs sold 15,000 shares of Energy Fuels stock. The shares were sold at an average price of $9.79, for a total transaction of $146,850.00.
• On Friday, August 15th, Dennis Lyle Higgs sold 15,000 shares of Energy Fuels stock. The shares were sold at an average price of $9.70, for a total transaction of $145,500.00.

Energy Fuels Stock Performance

Shares of Energy Fuels stock traded up $0.33 on Friday, hitting $11.56. 8,069,858 shares of the company traded hands, compared to its average volume of 13,896,962. The stock has a market capitalization of $2.57 billion, a P/E ratio of -23.59 and a beta of 1.76. Energy Fuels Inc has a 52 week low of $3.20 and a 52 week high of $13.34. The business has a 50-day simple moving average of $9.12 and a 200 day simple moving average of $6.22.

Energy Fuels (NYSEAMERICAN:UUUU - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by ($0.06). The company had revenue of $4.21 million for the quarter. Energy Fuels had a negative net margin of 143.05% and a negative return on equity of 17.41%. The company's revenue was up –51.7% on a year-over-year basis. Research analysts expect that Energy Fuels Inc will post -0.1 earnings per share for the current year.

Hedge Funds Weigh In On Energy Fuels

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Alps Advisors Inc. lifted its stake in Energy Fuels by 29.0% during the first quarter. Alps Advisors Inc. now owns 15,933,699 shares of the company's stock worth $59,433,000 after purchasing an additional 3,584,798 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Energy Fuels by 10.8% in the first 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 during the period. Ameriprise Financial Inc. increased its holdings in shares of Energy Fuels by 4.7% in the second quarter. Ameriprise Financial Inc. now owns 9,203,210 shares of the company's stock valued at $52,918,000 after purchasing an additional 410,894 shares during the period. Kingstone Capital Partners Texas LLC acquired a new position in Energy Fuels during the second quarter worth $29,525,000. Finally, Bank of America Corp DE grew its holdings in Energy Fuels by 93.6% during the second quarter. Bank of America Corp DE now owns 4,366,108 shares of the company's stock worth $25,105,000 after acquiring an additional 2,111,466 shares during the period. 48.24% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. B. Riley assumed coverage on shares of Energy Fuels in a research report on Wednesday, July 23rd. They issued a "buy" rating and a $9.00 price target on the stock. HC Wainwright restated a "buy" rating and issued a $12.00 price target (up previously from $10.00) on shares of Energy Fuels in a research report on Friday, August 8th. Finally, Roth Capital cut shares of Energy Fuels from a "buy" rating to a "neutral" rating and set a $6.00 price target on the stock. in a research report on Friday, July 11th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Buy" and a consensus target price of $8.19.

Energy Fuels Company Profile

Energy Fuels Inc, together with its subsidiaries, engages in the extraction, recovery, recycling, exploration, permitting, evaluation, and sale of uranium mineral properties in the United States. The company produces and sells vanadium pentoxide, rare earth elements, and heavy mineral sands, such as ilmenite, rutile, zircon, and monazite.