Energy Fuels (NYSEAMERICAN:UUUU) Trading Up 9.5% - Time to Buy?

Key Points

• Energy Fuels Inc. shares increased by 9.5%, trading at approximately $9.69, after closing at $8.85, despite a 31% drop in trading volume from its average.
• Analyst ratings for Energy Fuels have fluctuated, with Roth Capital downgrading the stock to a "neutral" rating with a $6.00 price target, while others maintained "buy" ratings with varying price objectives.
• Insider selling was reported, with VP Timothy James Carstens selling over 210,000 shares, leading to a 28.94% reduction in their holding.

Energy Fuels Inc (NYSEAMERICAN:UUUU - Get Free Report)'s share price traded up 9.5% during mid-day trading on Monday . The stock traded as high as $9.72 and last traded at $9.69. 6,830,112 shares changed hands during trading, a decline of 31% from the average session volume of 9,843,106 shares. The stock had previously closed at $8.85.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Roth Capital lowered shares of Energy Fuels from a "buy" rating to a "neutral" rating and set a $6.00 price target on the stock. in a report on Friday, July 11th. B. Riley assumed coverage on Energy Fuels in a research report on Wednesday, July 23rd. They set a "buy" rating and a $9.00 price target for the company. Finally, HC Wainwright raised their price objective on Energy Fuels from $10.00 to $12.00 and gave the stock a "buy" rating in a report on Friday.

Energy Fuels Stock Up 2.6%

The firm's 50-day moving average price is $7.04 and its 200 day moving average price is $5.49. The firm has a market cap of $2.19 billion, a P/E ratio of -20.10 and a beta of 1.71.

Insiders Place Their Bets

In other news, VP Timothy James Carstens sold 210,612 shares of the stock in a transaction on Tuesday, June 10th. The stock was 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 owned 517,029 shares in the company, valued at approximately $2,817,808.05. This represents a 28.94% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last three months, insiders have sold 218,597 shares of company stock valued at $1,192,142. 1.77% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Energy Fuels

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Sterling Capital Management LLC boosted its holdings in shares of Energy Fuels by 793.4% during the fourth quarter. Sterling Capital Management LLC now owns 5,923 shares of the company's stock worth $30,000 after purchasing an additional 5,260 shares during the period. SBI Securities Co. Ltd. lifted its position in Energy Fuels by 27.5% in the 2nd quarter. SBI Securities Co. Ltd. now owns 6,238 shares of the company's stock worth $36,000 after buying an additional 1,344 shares in the last quarter. Lionstone Capital Management LLC acquired a new stake in shares of Energy Fuels during the 4th quarter valued at $35,000. Bessemer Group Inc. grew its holdings in shares of Energy Fuels by 19,230.8% during the 2nd quarter. Bessemer Group Inc. now owns 7,539 shares of the company's stock valued at $43,000 after acquiring an additional 7,500 shares in the last quarter. Finally, Byrne Asset Management LLC grew its holdings in shares of Energy Fuels by 114.6% during the 1st quarter. Byrne Asset Management LLC now owns 7,727 shares of the company's stock valued at $29,000 after acquiring an additional 4,127 shares in the last quarter. 48.24% of the stock is currently owned by hedge funds and other institutional investors.

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.