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

Key Points

• Energy Fuels Inc shares have reached a new 12-month high, trading at $19.01, significantly higher than its previous close of $16.91.
• Various research firms have set diverse price targets for the stock, with a consensus rating of "Buy" and a consensus target price of $9.25.
• Insider selling activity has been notable, with executive vice president Timothy James Carstens selling 250,000 shares representing a 48.35% decrease in his position.

Energy Fuels Inc (NYSEAMERICAN:UUUU - Get Free Report) shares reached a new 52-week high on Tuesday . The stock traded as high as $19.01 and last traded at $18.22, with a volume of 8820582 shares trading hands. The stock had previously closed at $16.91.

Analysts Set New Price Targets

Several research firms have recently commented on UUUU. B. Riley initiated coverage on shares of Energy Fuels in a research note on Wednesday, July 23rd. They set a "buy" rating and a $9.00 price target on the stock. 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. Finally, HC Wainwright boosted their target price on Energy Fuels from $12.00 to $16.25 and gave the stock a "buy" rating in a research report on Wednesday, September 17th. 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 data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus target price of $9.25.

Energy Fuels Price Performance

The business's 50 day simple moving average is $12.18 and its 200-day simple moving average is $7.75. The stock has a market capitalization of $3.96 billion, a P/E ratio of -36.35 and a beta of 1.79.

Energy Fuels (NYSEAMERICAN:UUUU - Get Free Report) last issued its earnings results on Wednesday, August 6th. The company reported ($0.10) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.06). The business 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%. Energy Fuels's revenue was up –51.7% on a year-over-year basis. Research analysts anticipate that Energy Fuels Inc will post -0.1 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, VP Saleem Drera sold 266,595 shares of Energy Fuels stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $11.01, for a total transaction of $2,935,210.95. Following the transaction, the vice president owned 24,474 shares of the company's stock, valued at $269,458.74. This trade represents a 91.59% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Timothy James Carstens sold 250,000 shares of the business'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 transaction of $2,610,000.00. Following the transaction, the executive vice president owned 267,029 shares of the company's stock, valued at approximately $2,787,782.76. This represents a 48.35% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 618,724 shares of company stock worth $6,782,959 in the last ninety days. 1.92% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Energy Fuels

Several institutional investors have recently modified their holdings of UUUU. Alps Advisors Inc. increased 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 worth $59,433,000 after purchasing an additional 3,584,798 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in 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 buying an additional 1,231,484 shares in the last quarter. Ameriprise Financial Inc. boosted 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 buying an additional 410,894 shares during the period. Kingstone Capital Partners Texas LLC bought a new stake in shares of Energy Fuels during the second quarter worth $29,525,000. Finally, Bank of America Corp DE raised its holdings in shares of 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. 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.

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