Energy Fuels (NYSEAMERICAN:UUUU) Shares Up 10.1% - Still a Buy?

Energy Fuels Inc (NYSEAMERICAN:UUUU - Get Free Report)'s share price rose 10.1% on Wednesday . The company traded as high as $6.33 and last traded at $6.33. Approximately 10,893,439 shares traded hands during trading, an increase of 21% from the average daily volume of 8,968,468 shares. The stock had previously closed at $5.75.

Wall Street Analyst Weigh In

Separately, HC Wainwright reduced their target price on shares of Energy Fuels from $10.75 to $10.00 and set a "buy" rating for the company in a research report on Friday, May 9th.

Energy Fuels Trading Down 1.4%

The company has a market capitalization of $1.23 billion, a P/E ratio of -14.35 and a beta of 1.68. The business's fifty day moving average price is $5.19 and its 200-day moving average price is $5.04.

Insider Activity

In other news, VP Timothy James Carstens sold 210,612 shares of Energy Fuels stock in a transaction on Tuesday, June 10th. The shares were sold at an average price of $5.45, for a total transaction of $1,147,835.40. Following the completion of the sale, the vice president directly owned 517,029 shares of the company's stock, valued at approximately $2,817,808.05. The trade was a 28.94% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Over the last ninety days, insiders have sold 218,597 shares of company stock worth $1,192,142. Insiders own 1.77% of the company's stock.

Hedge Funds Weigh In On Energy Fuels

A number of hedge funds have recently modified their holdings of the company. Alps Advisors Inc. lifted its stake in shares of Energy Fuels by 29.0% in the first quarter. Alps Advisors Inc. now owns 15,933,699 shares of the company's stock worth $59,433,000 after buying an additional 3,584,798 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Energy Fuels by 10.8% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,670,863 shares of the company's stock worth $46,927,000 after buying an additional 1,231,484 shares in the last quarter. Ameriprise Financial Inc. lifted its position in Energy Fuels by 0.4% during the fourth quarter. Ameriprise Financial Inc. now owns 8,023,303 shares of the company's stock valued at $41,159,000 after purchasing an additional 31,364 shares during the period. Vanguard Group Inc. lifted its position in Energy Fuels by 18.5% during the fourth quarter. Vanguard Group Inc. now owns 7,468,726 shares of the company's stock valued at $38,316,000 after purchasing an additional 1,164,973 shares during the period. Finally, Geode Capital Management LLC lifted its position in Energy Fuels by 0.5% during the fourth quarter. Geode Capital Management LLC now owns 2,330,189 shares of the company's stock valued at $11,960,000 after purchasing an additional 11,667 shares during the period. Hedge funds and other institutional investors 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.