Energy Fuels (NYSEAMERICAN:UUUU) Shares Gap Up - Still a Buy?

Energy Fuels Inc. (NYSEAMERICAN:UUUU - Get Free Report)'s share price gapped up before the market opened on Friday . The stock had previously closed at $5.37, but opened at $5.58. Energy Fuels shares last traded at $5.32, with a volume of 2,713,952 shares traded.

Analyst Upgrades and Downgrades

UUUU has been the topic of a number of recent analyst reports. Roth Capital set a $5.75 target price on Energy Fuels in a research note on Friday, February 28th. Roth Mkm raised shares of Energy Fuels from a "neutral" rating to a "buy" rating and set a $5.75 price objective on the stock in a research report on Friday, February 28th. Finally, HC Wainwright dropped their target price on shares of Energy Fuels from $10.75 to $10.00 and set a "buy" rating on the stock in a research note on Friday, May 9th.

Energy Fuels Stock Performance

The stock's 50 day simple moving average is $4.74 and its 200 day simple moving average is $5.16. The firm has a market cap of $1.12 billion, a PE ratio of -25.55 and a beta of 1.68.

Insider Buying and Selling

In other Energy Fuels news, Director Bruce D. Hansen acquired 6,000 shares of the company's stock in a transaction on Wednesday, March 19th. The stock was acquired at an average price of $4.25 per share, for a total transaction of $25,500.00. Following the acquisition, the director now owns 295,239 shares in the company, valued at $1,254,765.75. This represents a 2.07% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Timothy James Carstens sold 210,612 shares of the company's stock in a transaction that occurred on 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 now owns 517,029 shares of the company's stock, valued at approximately $2,817,808.05. This represents a 28.94% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 218,597 shares of company stock valued at $1,192,142 over the last three months. 1.92% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Northern Trust Corp increased its stake in shares of Energy Fuels by 6.1% in the 4th quarter. Northern Trust Corp now owns 1,155,495 shares of the company's stock worth $5,928,000 after acquiring an additional 66,202 shares in the last quarter. Millennium Management LLC increased its stake 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 valued at $797,000 after purchasing an additional 135,538 shares in the last quarter. Summit Financial LLC purchased a new position in shares of Energy Fuels during the fourth quarter valued at approximately $4,840,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Energy Fuels by 99.5% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 286,156 shares of the company's stock worth $1,468,000 after purchasing an additional 142,733 shares in the last quarter. Finally, Wellington Management Group LLP purchased a new stake in shares of Energy Fuels in the 4th quarter worth approximately $81,000. Institutional investors own 48.24% of the company's stock.

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.