Energy Fuels (NYSEAMERICAN:UUUU) Trading 13.6% Higher - Should You Buy?

Key Points

• Energy Fuels Inc saw its stock price increase by 13.6% on Monday, reaching a high of $13.63, although trading volume was down by 9% compared to average levels.
• Analyst ratings vary, with one firm issuing a Strong Buy, while others set price targets between $6.00 and $12.00, leading to a consensus rating of Buy and an average target price of $8.19.
• Recent insider trading activity includes significant stock sales by Vice President Saleem Drera and Director Dennis Lyle Higgs, indicating a 91.59% decrease in Drera's ownership of the stock.

Energy Fuels Inc (NYSEAMERICAN:UUUU - Get Free Report) shares shot up 13.6% during mid-day trading on Monday . The company traded as high as $13.63 and last traded at $13.55. 9,527,624 shares were traded during trading, a decline of 9% from the average session volume of 10,442,577 shares. The stock had previously closed at $11.93.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on UUUU. Roth Capital lowered shares of Energy Fuels from a "buy" rating to a "neutral" rating and set a $6.00 target price on the stock. in a research report on Friday, July 11th. B. Riley began coverage on shares of Energy Fuels in a research report on Wednesday, July 23rd. They set a "buy" rating and a $9.00 target price on the stock. Finally, HC Wainwright raised their target price on shares of Energy Fuels from $12.00 to $16.25 and gave the stock a "buy" rating in a research report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, Energy Fuels currently has an average rating of "Buy" and an average price target of $9.25.

Energy Fuels Stock Up 0.1%

The company has a fifty day moving average of $10.38 and a two-hundred day moving average of $6.71. The stock has a market capitalization of $3.13 billion, a price-to-earnings ratio of -28.78 and a beta of 1.76.

Energy Fuels (NYSEAMERICAN:UUUU - Get Free Report) last released its earnings results on Wednesday, August 6th. The company reported ($0.10) EPS for the quarter, missing analysts' consensus estimates 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 business had revenue of $4.21 million during the quarter. Energy Fuels's quarterly revenue was up –51.7% on a year-over-year basis. Equities analysts anticipate that Energy Fuels Inc will post -0.1 earnings per share for the current fiscal year.

Insider Buying and Selling at Energy Fuels

In other Energy Fuels news, VP Scott Bakken sold 4,629 shares of the firm's stock in a transaction on Thursday, August 28th. The stock was sold at an average price of $12.00, for a total value of $55,548.00. Following the completion of the sale, the vice president owned 108,817 shares of the company's stock, valued at approximately $1,305,804. This trade represents a 4.08% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 completion of the sale, the director directly 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 disclosure for this sale can be found here. Over the last quarter, insiders sold 598,724 shares of company stock valued at $6,487,859. 1.77% of the stock is owned by company insiders.

Institutional Investors Weigh In On Energy Fuels

A number of hedge funds and other institutional investors have recently bought and sold shares of UUUU. SBI Securities Co. Ltd. raised its stake in shares of Energy Fuels by 27.5% during the 2nd quarter. SBI Securities Co. Ltd. now owns 6,238 shares of the company's stock worth $36,000 after buying an additional 1,344 shares during the last quarter. Bessemer Group Inc. raised its stake in shares of Energy Fuels by 19,230.8% during the 2nd quarter. Bessemer Group Inc. now owns 7,539 shares of the company's stock worth $43,000 after buying an additional 7,500 shares during the last quarter. Byrne Asset Management LLC raised its stake in shares of Energy Fuels by 114.6% during the 1st quarter. Byrne Asset Management LLC now owns 7,727 shares of the company's stock worth $29,000 after buying an additional 4,127 shares during the last quarter. Steward Partners Investment Advisory LLC raised its stake in shares of Energy Fuels by 38.4% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 8,527 shares of the company's stock worth $49,000 after buying an additional 2,368 shares during the last quarter. Finally, PNC Financial Services Group Inc. raised its stake in shares of Energy Fuels by 27.1% during the 2nd quarter. PNC Financial Services Group Inc. now owns 8,649 shares of the company's stock worth $50,000 after buying an additional 1,844 shares during the last quarter. Institutional investors and hedge funds 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.