Energy Fuels (NYSEAMERICAN:UUUU) Hits New 12-Month High - Here's Why

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 hit a new 52-week high on Monday . The stock traded as high as $11.06 and last traded at $10.87, with a volume of 4818800 shares. The stock had previously closed at $10.58.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Roth Capital lowered 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. HC Wainwright reissued a "buy" rating and issued a $12.00 price objective (up from $10.00) on shares of Energy Fuels in a research report on Friday, August 8th. Finally, B. Riley assumed coverage on Energy Fuels in a research report on Wednesday, July 23rd. They issued a "buy" rating and a $9.00 price objective on the stock. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, Energy Fuels presently has a consensus rating of "Buy" and an average target price of $8.19.

Energy Fuels Price Performance

The firm has a market capitalization of $2.45 billion, a PE ratio of -22.51 and a beta of 1.71. The stock has a 50-day moving average price of $7.95 and a 200-day moving average price of $5.81.

Insider Transactions at Energy Fuels

In other news, Director Dennis Lyle Higgs sold 15,000 shares of the company's stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $9.79, for a total transaction of $146,850.00. Following the completion of the transaction, the director directly owned 276,382 shares of the company's stock, valued at approximately $2,705,779.78. This represents a 5.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Timothy James Carstens sold 250,000 shares of the company's stock in a transaction that occurred on Friday, August 8th. The shares were sold at an average price of $10.44, for a total value of $2,610,000.00. Following the transaction, the executive vice president directly owned 267,029 shares of the company's stock, valued at $2,787,782.76. This trade represents a 48.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 498,597 shares of company stock worth $4,094,492. Insiders own 1.92% of the company's stock.

Hedge Funds Weigh In On Energy Fuels

Hedge funds and other institutional investors have recently made changes to their positions in the business. Kingstone Capital Partners Texas LLC bought a new position in Energy Fuels during the 2nd quarter valued at $29,525,000. Alps Advisors Inc. boosted its stake in Energy Fuels by 29.0% during the 1st quarter. Alps Advisors Inc. now owns 15,933,699 shares of the company's stock valued at $59,433,000 after purchasing an additional 3,584,798 shares in the last quarter. Bank of America Corp DE boosted its stake in Energy Fuels by 93.6% during the 2nd quarter. Bank of America Corp DE now owns 4,366,108 shares of the company's stock valued at $25,105,000 after purchasing an additional 2,111,466 shares in the last quarter. BNP Paribas Financial Markets boosted its stake in Energy Fuels by 530.6% during the 2nd quarter. BNP Paribas Financial Markets now owns 2,068,155 shares of the company's stock valued at $11,892,000 after purchasing an additional 1,740,183 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in 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. 48.24% of the stock is currently owned by institutional investors and hedge funds.

About Energy Fuels

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.

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