Energy Fuels Inc (NYSEAMERICAN:UUUU - Get Free Report) shares rose 7.7% during trading on Wednesday . The company traded as high as $18.35 and last traded at $17.96. Approximately 10,751,052 shares changed hands during trading, an increase of 1% from the average daily volume of 10,662,668 shares. The stock had previously closed at $16.67.
Wall Street Analysts Forecast Growth
UUUU has been the topic of a number of analyst reports. B. Riley initiated coverage on Energy Fuels in a research note on Wednesday, July 23rd. They set a "buy" rating and a $9.00 target price on the stock. HC Wainwright upped their target price on Energy Fuels from $12.00 to $16.25 and gave the company a "buy" rating in a research note on Wednesday, September 17th. Finally, Roth Capital cut Energy Fuels from a "buy" rating to a "neutral" rating and set a $6.00 target price on the stock. in a research note on Friday, July 11th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, Energy Fuels has an average rating of "Buy" and an average price target of $9.25.
Read Our Latest Research Report on Energy Fuels
Energy Fuels Trading Up 4.9%
The firm has a market cap of $3.89 billion, a P/E ratio of -35.67 and a beta of 1.76. The firm has a 50-day simple moving average of $10.90 and a 200-day simple moving average of $6.94.
Energy Fuels (NYSEAMERICAN:UUUU - Get Free Report) last announced its earnings results on Wednesday, August 6th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by ($0.06). The company had revenue of $4.21 million for the quarter. Energy Fuels had a negative net margin of 143.05% and a negative return on equity of 17.41%. The company's revenue was up –51.7% on a year-over-year basis. Research analysts predict that Energy Fuels Inc will post -0.1 earnings per share for the current fiscal year.
Insider Activity
In other news, VP Scott Bakken sold 4,629 shares of the stock in a transaction on Thursday, August 28th. The stock was sold at an average price of $12.00, for a total transaction of $55,548.00. Following the completion of the sale, the vice president owned 108,817 shares in the company, valued at approximately $1,305,804. This represents a 4.08% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director J. Birks Bovaird sold 10,000 shares of the stock in a transaction on Friday, September 19th. The shares were sold at an average price of $14.85, for a total value of $148,500.00. Following the sale, the director owned 195,617 shares of the company's stock, valued at approximately $2,904,912.45. This represents a 4.86% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 618,724 shares of company stock worth $6,782,959. Insiders own 1.92% of the company's stock.
Institutional Inflows and Outflows
A number of hedge funds have recently modified their holdings of UUUU. Cetera Investment Advisers increased its holdings in shares of Energy Fuels by 2.5% in the fourth quarter. Cetera Investment Advisers now owns 107,346 shares of the company's stock valued at $552,000 after purchasing an additional 2,640 shares during the period. Deutsche Bank AG increased its holdings in shares of Energy Fuels by 53.7% in the fourth quarter. Deutsche Bank AG now owns 165,599 shares of the company's stock valued at $850,000 after purchasing an additional 57,883 shares during the period. Millennium Management LLC raised its stake in shares of Energy Fuels by 682.4% during the 4th quarter. Millennium Management LLC now owns 155,400 shares of the company's stock valued at $797,000 after buying an additional 135,538 shares during the last quarter. Quantinno Capital Management LP purchased a new position in shares of Energy Fuels during the 4th quarter valued at about $73,000. Finally, ProShare Advisors LLC raised its stake in shares of Energy Fuels by 51.1% during the 4th quarter. ProShare Advisors LLC now owns 52,814 shares of the company's stock valued at $271,000 after buying an additional 17,866 shares during the last quarter. 48.24% of the stock is owned by institutional investors and hedge funds.
Energy Fuels Company Profile
(
Get Free Report)
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.
Further Reading
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