Energy Fuels (NYSEAMERICAN:UUUU) Shares Down 5.3% Following Insider Selling

Key Points

• Energy Fuels Inc shares fell 5.3% to $11.87 after insider selling by Director Dennis Lyle Higgs, who sold 10,000 shares at an average price of $12.63.
• Analysts have mixed ratings on the stock, with Roth Capital downgrading it from "buy" to "neutral" with a price target of $6.00, while HC Wainwright set a target of $12.00.
• The company's financial performance shows a negative net margin of 143.05% and a reported revenue decline of 51.7% compared to the same quarter last year.

Energy Fuels Inc (NYSEAMERICAN:UUUU - Get Free Report) traded down 5.3% during mid-day trading on Friday following insider selling activity. The company traded as low as $11.86 and last traded at $11.87. 5,367,739 shares changed hands during trading, a decline of 49% from the average session volume of 10,448,570 shares. The stock had previously closed at $12.53.

Specifically, Director Dennis Lyle Higgs sold 10,000 shares of the stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $12.63, for a total transaction of $126,300.00. Following the completion of the sale, the director owned 236,381 shares of the company's stock, valued at $2,985,492.03. This represents a 4.06% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Dennis Lyle Higgs sold 7,500 shares of Energy Fuels stock in a transaction that occurred on Wednesday, September 10th. The shares were sold at an average price of $13.12, for a total transaction of $98,400.00. Following the transaction, the director directly owned 246,381 shares in the company, valued at $3,232,518.72. This represents a 2.95% decrease in their position. The disclosure for this sale can be found here.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. B. Riley started coverage on shares of Energy Fuels in a research note on Wednesday, July 23rd. They issued a "buy" rating and a $9.00 price objective for the company. HC Wainwright raised their price objective on shares of Energy Fuels from $12.00 to $16.25 and gave the stock a "buy" rating in a research report on Wednesday. Finally, Roth Capital downgraded Energy Fuels from a "buy" rating to a "neutral" rating and set a $6.00 price target for the company. in a report on Friday, July 11th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, Energy Fuels presently has a consensus rating of "Buy" and an average target price of $9.25.

Energy Fuels Stock Up 5.0%

The business has a 50 day moving average price of $10.23 and a two-hundred day moving average price of $6.65.

Energy Fuels (NYSEAMERICAN:UUUU - Get Free Report) last issued 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 return on equity of 17.41% and a negative net margin of 143.05%.The company had revenue of $4.21 million for the quarter. The business's revenue for the quarter was up –51.7% compared to the same quarter last year. On average, analysts expect that Energy Fuels Inc will post -0.1 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Northern Trust Corp lifted its position in Energy Fuels by 6.1% during the 4th quarter. Northern Trust Corp now owns 1,155,495 shares of the company's stock worth $5,928,000 after buying an additional 66,202 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its position in shares of Energy Fuels by 26.0% during the first quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 111,071 shares of the company's stock worth $411,000 after purchasing an additional 22,916 shares during the period. Alps Advisors Inc. grew its stake in shares of Energy Fuels by 29.0% during the 1st quarter. Alps Advisors Inc. now owns 15,933,699 shares of the company's stock worth $59,433,000 after acquiring an additional 3,584,798 shares during the period. Vident Advisory LLC increased its stake in Energy Fuels by 22.8% in the 1st quarter. Vident Advisory LLC now owns 2,068,860 shares of the company's stock worth $7,717,000 after purchasing an additional 384,257 shares during the period. Finally, Millennium Management LLC boosted its holdings in Energy Fuels by 682.4% in the fourth quarter. Millennium Management LLC now owns 155,400 shares of the company's stock worth $797,000 after acquiring an additional 135,538 shares in the last quarter. 48.24% of the stock is currently owned by institutional investors and hedge funds.

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.