Energy Fuels (NYSEAMERICAN:UUUU) Sets New 12-Month High Following Analyst Upgrade

Key Points

• Energy Fuels' stock price reached a new 52-week high, rising to $10.74 after HC Wainwright upgraded its price target from $10.00 to $12.00, maintaining a buy rating on the stock.
• Insider trading activity has been notable, with VP Timothy James Carstens selling 210,612 shares at an average price of $5.45, resulting in a significant decrease in his ownership position by 28.94%.
• Institutional investors have been active, with Alps Advisors Inc. increasing their stake by 29.0%, now owning over 15 million shares, indicating strong institutional confidence in Energy Fuels.

Energy Fuels Inc (NYSEAMERICAN:UUUU - Get Free Report) reached a new 52-week high on Friday after HC Wainwright raised their price target on the stock from $10.00 to $12.00. HC Wainwright currently has a buy rating on the stock. Energy Fuels traded as high as $10.74 and last traded at $10.25, with a volume of 5294167 shares traded. The stock had previously closed at $9.60.

Other equities analysts have also recently issued research reports about the stock. B. Riley initiated coverage on shares of Energy Fuels in a research note on Wednesday, July 23rd. They issued a "buy" rating and a $9.00 price target on the stock. Roth Capital cut shares of Energy Fuels from a "buy" rating to a "neutral" rating and set a $6.00 target price for the company. in a report on Friday, July 11th.

Insider Activity

In other Energy Fuels news, VP Timothy James Carstens sold 210,612 shares of the company's stock in a transaction dated Tuesday, June 10th. The shares were sold at an average price of $5.45, for a total value of $1,147,835.40. Following the transaction, the vice president directly owned 517,029 shares in the company, valued at $2,817,808.05. This represents a 28.94% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold a total of 218,597 shares of company stock worth $1,192,142 in the last ninety days. 1.92% of the stock is owned by insiders.

Institutional Investors Weigh In On Energy Fuels

Hedge funds have recently made changes to their positions in the stock. LPL Financial LLC lifted its position in Energy Fuels by 21.7% during the fourth quarter. LPL Financial LLC now owns 64,539 shares of the company's stock valued at $331,000 after acquiring an additional 11,508 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Energy Fuels by 18.5% during the 4th quarter. Vanguard Group Inc. now owns 7,468,726 shares of the company's stock valued at $38,316,000 after purchasing an additional 1,164,973 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of Energy Fuels by 27.9% in the 4th quarter. JPMorgan Chase & Co. now owns 285,371 shares of the company's stock worth $1,464,000 after purchasing an additional 62,310 shares in the last quarter. Wellington Management Group LLP acquired a new position in Energy Fuels during the 4th quarter valued at about $81,000. Finally, Geode Capital Management LLC raised its stake in Energy Fuels by 0.5% in the fourth quarter. Geode Capital Management LLC now owns 2,330,189 shares of the company's stock valued at $11,960,000 after buying an additional 11,667 shares during the last quarter. 48.24% of the stock is currently owned by hedge funds and other institutional investors.

Energy Fuels Stock Down 0.5%

The firm has a fifty day simple moving average of $7.13 and a two-hundred day simple moving average of $5.52.

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.