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

Key Points

• Energy Fuels Inc shares reached a new 52-week high at $11.06, with the last trade at $10.87 and significant trading volume of 4.8 million shares.
• Several analysts have given mixed ratings on the stock, with Roth Capital downgrading it to "neutral" at $6.00, while HC Wainwright set a higher target of $12.00, reflecting a general consensus of a "Buy" rating.
• Insider sales included a notable transaction where EVP Timothy James Carstens sold 250,000 shares, representing a 48.35% decrease in ownership, amidst growing interest from institutional investors.

Energy Fuels Inc (NYSEAMERICAN:UUUU - Get Free Report) shares reached a new 52-week high on Monday . The company traded as high as $11.06 and last traded at $10.87, with a volume of 4818800 shares changing hands. The stock had previously closed at $10.58.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. B. Riley assumed coverage on Energy Fuels in a research report on Wednesday, July 23rd. They set a "buy" rating and a $9.00 price objective on the stock. Roth Capital cut Energy Fuels from a "buy" rating to a "neutral" rating and set a $6.00 price objective on the stock. in a research report on Friday, July 11th. Finally, HC Wainwright reiterated a "buy" rating and set a $12.00 price objective (up previously from $10.00) on shares of Energy Fuels in a research report on Friday, August 8th. One investment 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's stock. According to MarketBeat.com, the company presently has an average rating of "Buy" and a consensus price target of $8.19.

Energy Fuels Stock Performance

The company has a market capitalization of $2.57 billion, a price-to-earnings ratio of -23.59 and a beta of 1.71. The firm has a fifty day moving average price of $8.54 and a 200-day moving average price of $6.01.

Insider Buying and Selling

In other news, VP Scott Bakken sold 4,629 shares of the stock in a transaction on Thursday, August 28th. The stock was sold at an average price of $12.00, for a total transaction of $55,548.00. Following the sale, the vice president directly owned 108,817 shares of the company's stock, valued at approximately $1,305,804. This represents a 4.08% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Saleem Drera sold 266,595 shares of the firm's stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $11.01, for a total value of $2,935,210.95. Following the completion of the sale, the vice president directly owned 24,474 shares in the company, valued at $269,458.74. This trade represents a 91.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 765,421 shares of company stock valued at $7,061,271. Company insiders own 1.77% of the company's stock.

Institutional Trading of Energy Fuels

Large investors have recently bought and sold shares of the business. Envestnet Asset Management Inc. acquired a new stake in shares of Energy Fuels during the fourth quarter valued at about $64,000. Invesco Ltd. boosted its stake in shares of Energy Fuels by 13.9% during the fourth quarter. Invesco Ltd. now owns 74,986 shares of the company's stock valued at $385,000 after purchasing an additional 9,168 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Energy Fuels during the fourth quarter valued at about $280,000. Mariner LLC boosted its stake in shares of Energy Fuels by 27.5% during the fourth quarter. Mariner LLC now owns 14,735 shares of the company's stock valued at $76,000 after purchasing an additional 3,179 shares in the last quarter. Finally, NewEdge Advisors LLC boosted its stake in shares of Energy Fuels by 19.6% during the fourth quarter. NewEdge Advisors LLC now owns 34,520 shares of the company's stock valued at $177,000 after purchasing an additional 5,650 shares in the last quarter. 48.24% of the stock is owned by institutional investors and hedge funds.

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.