Energy Fuels (NYSEAMERICAN:UUUU) Reaches New 52-Week High - Here's Why

Shares of Energy Fuels Inc (NYSEAMERICAN:UUUU - Get Free Report) reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $9.52 and last traded at $9.46, with a volume of 1143352 shares changing hands. The stock had previously closed at $9.20.

Analyst Ratings Changes

A number of research analysts recently commented on UUUU shares. HC Wainwright decreased their price objective on Energy Fuels from $10.75 to $10.00 and set a "buy" rating on the stock in a report on Friday, May 9th. Roth Capital cut Energy Fuels from a "buy" rating to a "neutral" rating and set a $6.00 price target on the stock. in a research note on Friday, July 11th. Finally, B. Riley began coverage on Energy Fuels in a research note on Wednesday. They set a "buy" rating and a $9.00 price target on the stock.

Energy Fuels Price Performance

The stock has a market cap of $1.99 billion, a price-to-earnings ratio of -23.28 and a beta of 1.68. The stock's 50-day moving average is $6.22 and its 200 day moving average is $5.23.

Insider Activity

In other Energy Fuels news, VP Timothy James Carstens sold 210,612 shares of the firm's stock in a transaction on Tuesday, June 10th. The stock was sold at an average price of $5.45, for a total transaction of $1,147,835.40. Following the completion of the transaction, the vice president owned 517,029 shares of the company's stock, valued at approximately $2,817,808.05. This trade represents a 28.94% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In the last three months, insiders have sold 218,597 shares of company stock worth $1,192,142. 1.77% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Energy Fuels

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Northern Trust Corp lifted its stake in shares of Energy Fuels by 6.1% during the fourth quarter. Northern Trust Corp now owns 1,155,495 shares of the company's stock worth $5,928,000 after purchasing an additional 66,202 shares in the last quarter. Alps Advisors Inc. lifted its stake in shares of 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 in the last quarter. Millennium Management LLC lifted its stake in shares of Energy Fuels by 682.4% during the fourth quarter. Millennium Management LLC now owns 155,400 shares of the company's stock worth $797,000 after purchasing an additional 135,538 shares in the last quarter. Summit Financial LLC acquired a new position in shares of Energy Fuels during the fourth quarter worth about $4,840,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Energy Fuels by 99.5% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 286,156 shares of the company's stock worth $1,468,000 after purchasing an additional 142,733 shares in the last quarter. Hedge funds and other institutional investors own 48.24% of the company's stock.

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.