Energy Fuels (NYSEAMERICAN:UUUU) Shares Up 5.7% - Should You Buy?

Key Points

• Shares rose 5.7% on Wednesday to $25.54 (intraday high $25.97) with 6.26M shares traded, roughly 62% below the stock's average session volume.
• Analysts have turned more positive recently — Roth MKM upgraded to "neutral" and raised its target, while B. Riley and HC Wainwright maintain "buy" ratings with targets near $27 and $26.75; the consensus is a Moderate Buy with an average price target of $23.08.
• Insiders have been net sellers (463,119 shares worth about $6.94M sold in the past three months, including sales by the CEO and EVP), even as institutional investors like Vanguard and VanEck materially increased holdings; the company operates the White Mesa Mill, the only conventional uranium‑vanadium mill currently permitted and operating in the U.S.

Energy Fuels Inc (NYSEAMERICAN:UUUU - Get Free Report) shares traded up 5.7% on Wednesday . The company traded as high as $25.97 and last traded at $25.54. 6,260,931 shares changed hands during mid-day trading, a decline of 62% from the average session volume of 16,520,443 shares. The stock had previously closed at $24.16.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Roth Mkm upgraded shares of Energy Fuels from a "sell" rating to a "neutral" rating and boosted their price target for the company from $13.00 to $15.50 in a report on Wednesday. B. Riley upped their target price on Energy Fuels to $27.00 and gave the stock a "buy" rating in a research report on Tuesday, January 20th. Finally, HC Wainwright reaffirmed a "buy" rating and set a $26.75 price target on shares of Energy Fuels in a research note on Friday, January 9th. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $23.08.

Energy Fuels Stock Up 9.7%

The firm has a fifty day moving average of $16.93 and a 200-day moving average of $15.14. The firm has a market cap of $6.29 billion, a P/E ratio of -54.10 and a beta of 1.47.

Insider Buying and Selling at Energy Fuels

In related news, EVP Timothy James Carstens sold 100,000 shares of the business's stock in a transaction that occurred on Thursday, November 20th. The stock was sold at an average price of $14.27, for a total transaction of $1,427,000.00. Following the transaction, the executive vice president directly owned 167,029 shares of the company's stock, valued at approximately $2,383,503.83. The trade was a 37.45% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Mark Chalmers sold 150,000 shares of the company's stock in a transaction on Wednesday, November 19th. The shares were sold at an average price of $15.60, for a total transaction of $2,340,000.00. Following the completion of the transaction, the chief executive officer owned 911,343 shares in the company, valued at approximately $14,216,950.80. This represents a 14.13% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 463,119 shares of company stock valued at $6,935,437 in the last three months. Corporate insiders own 1.92% of the company's stock.

Institutional Investors Weigh In On Energy Fuels

Hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. increased its position in shares of Energy Fuels by 50.6% in the third quarter. Vanguard Group Inc. now owns 11,883,042 shares of the company's stock worth $182,420,000 after purchasing an additional 3,991,202 shares during the period. Van ECK Associates Corp boosted its holdings in shares of Energy Fuels by 35.4% in the 3rd quarter. Van ECK Associates Corp now owns 10,194,742 shares of the company's stock valued at $156,489,000 after purchasing an additional 2,664,735 shares in the last quarter. Bank of America Corp DE increased its stake 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 valued at $25,105,000 after purchasing an additional 2,111,466 shares during the last quarter. BNP Paribas Financial Markets increased its stake 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 valued at $11,892,000 after purchasing an additional 1,740,183 shares during the last quarter. Finally, Capital Research Global Investors acquired a new position in shares of Energy Fuels during the 3rd quarter worth $22,800,000. Institutional investors and hedge funds own 48.24% of the company's stock.

Energy Fuels Company Profile

Energy Fuels Inc (NYSE American: UUUU) is a U.S.-based mineral resources company focused on the production and processing of uranium, rare earth elements and other strategic minerals. The company's core business activity centers on supplying nuclear fuel to power generators, leveraging a diversified portfolio of conventional and in-situ recovery (ISR) uranium mines located primarily on the Colorado Plateau, in Wyoming and in Texas.

At the heart of Energy Fuels' operations is the White Mesa Mill in southeastern Utah, the only conventional uranium-vanadium mill currently permitted and operating in the United States.

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