Energy Fuels (NYSEAMERICAN:UUUU) Shares Up 3.9% - Still a Buy?

Energy Fuels Inc. (NYSEAMERICAN:UUUU - Get Free Report) shares shot up 3.9% during mid-day trading on Wednesday . The company traded as high as $4.59 and last traded at $4.57. 1,045,035 shares changed hands during mid-day trading, a decline of 87% from the average session volume of 7,931,931 shares. The stock had previously closed at $4.40.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on UUUU shares. Roth Mkm raised shares of Energy Fuels from a "neutral" rating to a "buy" rating and set a $5.75 target price for the company in a research note on Friday, February 28th. Roth Capital set a $5.75 price objective on Energy Fuels in a research report on Friday, February 28th. Finally, HC Wainwright lowered their price objective on Energy Fuels from $10.75 to $10.00 and set a "buy" rating for the company in a research note on Friday, May 9th.

Energy Fuels Trading Up 3.4%

The company's 50 day moving average price is $4.26 and its two-hundred day moving average price is $5.28. The firm has a market cap of $904.04 million, a PE ratio of -20.68 and a beta of 1.68.

Insiders Place Their Bets

In other Energy Fuels news, Director Bruce D. Hansen acquired 6,000 shares of the company's stock in a transaction dated Wednesday, March 19th. The stock was purchased at an average price of $4.25 per share, with a total value of $25,500.00. Following the completion of the purchase, the director now directly owns 295,239 shares in the company, valued at approximately $1,254,765.75. The trade was a 2.07% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Barbara Appelin Filas sold 10,000 shares of Energy Fuels stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $4.15, for a total value of $41,500.00. Following the sale, the director now directly owns 160,159 shares in the company, valued at $664,659.85. This trade represents a 5.88% decrease in their position. The disclosure for this sale can be found here. 1.92% of the stock is owned by company insiders.

Institutional Investors Weigh In On Energy Fuels

Hedge funds have recently made changes to their positions in the company. JPMorgan Chase & Co. lifted its position in Energy Fuels by 217.3% during the third quarter. JPMorgan Chase & Co. now owns 223,061 shares of the company's stock valued at $1,225,000 after purchasing an additional 152,751 shares during the last quarter. Barclays PLC raised its position in shares of Energy Fuels by 126.6% during the 3rd quarter. Barclays PLC now owns 412,137 shares of the company's stock valued at $2,262,000 after buying an additional 230,259 shares in the last quarter. Robertson Stephens Wealth Management LLC lifted its holdings in shares of Energy Fuels by 3.7% in the 4th quarter. Robertson Stephens Wealth Management LLC now owns 1,579,919 shares of the company's stock valued at $8,105,000 after acquiring an additional 55,709 shares during the last quarter. Summit Financial LLC purchased a new position in Energy Fuels in the fourth quarter worth about $4,840,000. Finally, Wellington Management Group LLP purchased a new position in Energy Fuels in the fourth quarter worth about $81,000. 48.24% of the stock is currently 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.

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