Energy Fuels (NYSEAMERICAN:UUUU) Shares Up 13.6% - Here's Why

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)'s stock price shot up 13.6% on Monday . The company traded as high as $13.63 and last traded at $13.55. 9,527,624 shares were traded during mid-day trading, a decline of 9% from the average session volume of 10,442,577 shares. The stock had previously closed at $11.93.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on UUUU. B. Riley started coverage on shares of Energy Fuels in a report on Wednesday, July 23rd. They issued a "buy" rating and a $9.00 price target on the stock. HC Wainwright reaffirmed a "buy" rating and set a $12.00 price objective (up from $10.00) on shares of Energy Fuels in a report on Friday, August 8th. Finally, Roth Capital downgraded shares of Energy Fuels from a "buy" rating to a "neutral" rating and set a $6.00 price objective on the stock. in a report on Friday, July 11th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average target price of $8.19.

Energy Fuels Price Performance

The business has a 50 day moving average of $9.91 and a 200 day moving average of $6.53. The company has a market cap of $3.07 billion, a PE ratio of -28.20 and a beta of 1.76.

Energy Fuels (NYSEAMERICAN:UUUU - Get Free Report) last announced its quarterly 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 return on equity of 17.41% and a negative net margin of 143.05%.The business had revenue of $4.21 million during the quarter. The firm's revenue for the quarter was up –51.7% on a year-over-year basis. Sell-side analysts forecast that Energy Fuels Inc will post -0.1 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, VP Saleem Drera sold 266,595 shares of the firm's stock in a transaction on Monday, August 25th. The stock was sold at an average price of $11.01, for a total value of $2,935,210.95. Following the completion of the sale, 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Dennis Lyle Higgs sold 10,000 shares of the firm's stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $12.63, for a total value of $126,300.00. Following the completion of the sale, the director directly owned 236,381 shares of the company's stock, valued at $2,985,492.03. The trade was a 4.06% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 591,224 shares of company stock worth $6,384,109. Insiders own 1.92% 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. Kingstone Capital Partners Texas LLC purchased a new stake in shares of Energy Fuels in the 2nd quarter worth about $29,525,000. Alps Advisors Inc. raised its position in shares of Energy Fuels by 29.0% in 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 during the last quarter. Bank of America Corp DE raised its position in shares of Energy Fuels by 93.6% in the 2nd quarter. Bank of America Corp DE now owns 4,366,108 shares of the company's stock worth $25,105,000 after purchasing an additional 2,111,466 shares during the last quarter. BNP Paribas Financial Markets raised its position in shares of Energy Fuels by 530.6% in the 2nd quarter. BNP Paribas Financial Markets now owns 2,068,155 shares of the company's stock worth $11,892,000 after purchasing an additional 1,740,183 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Energy Fuels by 10.8% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,670,863 shares of the company's stock worth $46,927,000 after purchasing an additional 1,231,484 shares during the last quarter. 48.24% of the stock is owned by hedge funds and other institutional investors.

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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