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

Key Points

• Energy Fuels Inc reached a new 52-week high of $14.12 during mid-day trading, with a last traded price of $13.82 and a trading volume of approximately 19.3 million shares.
• Brokerages have mixed ratings on the stock, with a consensus rating of "Buy" and an average target price of $8.19, while recent reports indicate price objectives vary from $6.00 to $12.00.
• Insider selling activity has been notable, with executives selling a combined total of over 591,000 shares recently, reflecting a decline in their holdings.

Energy Fuels Inc (NYSEAMERICAN:UUUU - Get Free Report) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $14.12 and last traded at $13.82, with a volume of 19339935 shares changing hands. The stock had previously closed at $11.93.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. B. Riley initiated coverage on Energy Fuels in a research report on Wednesday, July 23rd. They set a "buy" rating and a $9.00 price objective for the company. HC Wainwright boosted their price target on Energy Fuels from $12.00 to $16.25 and gave the stock a "buy" rating in a report on Wednesday. Finally, 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 note on Friday, July 11th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average target price of $9.25.

Energy Fuels Price Performance

The stock has a market cap of $3.35 billion, a PE ratio of -30.80 and a beta of 1.76. The stock has a 50-day simple moving average of $10.38 and a 200-day simple moving average of $6.71.

Energy Fuels (NYSEAMERICAN:UUUU - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The company reported ($0.10) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.06). Energy Fuels had a negative net margin of 143.05% and a negative return on equity of 17.41%. The firm had revenue of $4.21 million during the quarter. The company's revenue for the quarter was up –51.7% compared to the same quarter last year. As a group, equities research analysts anticipate that Energy Fuels Inc will post -0.1 EPS for the current year.

Insider Transactions at Energy Fuels

In other news, Director Dennis Lyle Higgs sold 5,000 shares of the firm's stock in a transaction on Wednesday, September 17th. The shares were sold at an average price of $13.89, for a total value of $69,450.00. Following the transaction, the director owned 228,881 shares of the company's stock, valued at approximately $3,179,157.09. This trade represents a 2.14% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Saleem Drera sold 266,595 shares of Energy Fuels stock in a transaction 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 in the company, valued at $269,458.74. The trade was a 91.59% decrease in their position. The disclosure for this sale can be found here. Insiders sold 598,724 shares of company stock valued at $6,487,859 over the last 90 days. Corporate insiders own 1.77% of the company's stock.

Institutional Trading of Energy Fuels

A number of hedge funds and other institutional investors have recently modified their holdings of UUUU. Cetera Investment Advisers boosted its holdings in Energy Fuels by 2.5% in the fourth quarter. Cetera Investment Advisers now owns 107,346 shares of the company's stock valued at $552,000 after purchasing an additional 2,640 shares during the last quarter. Deutsche Bank AG boosted its stake in shares of Energy Fuels by 53.7% during the 4th quarter. Deutsche Bank AG now owns 165,599 shares of the company's stock valued at $850,000 after buying an additional 57,883 shares during the last quarter. D. E. Shaw & Co. Inc. grew its position in shares of Energy Fuels by 124.8% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 117,051 shares of the company's stock worth $601,000 after buying an additional 64,985 shares in the last quarter. Millennium Management LLC grew its position 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 buying an additional 135,538 shares in the last quarter. Finally, Quantinno Capital Management LP acquired a new stake in Energy Fuels in the fourth quarter valued at $73,000. 48.24% of the stock is owned by hedge funds and other institutional investors.

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.