Energy Fuels (TSE:EFR) Hits New 1-Year High - Should You Buy?

Key Points

• Shares of Energy Fuels Inc. (TSE:EFR) reached a new 52-week high at C$15.28, with the stock last trading at C$15.04 and a volume of 691,384 shares.
• Analysts are bullish on the stock, with Canaccord Genuity and B. Riley upgrading their ratings to "strong-buy", while the consensus rating remains a strong "Buy".
• Energy Fuels is the largest uranium producer in the U.S., holding significant production capacity with operations in Utah, Wyoming, and Texas.

Energy Fuels Inc. (TSE:EFR - Get Free Report) NASDAQ: UUUU hit a new 52-week high during mid-day trading on Monday . The company traded as high as C$15.28 and last traded at C$15.04, with a volume of 691384 shares traded. The stock had previously closed at C$14.63.

Analysts Set New Price Targets

EFR has been the subject of a number of analyst reports. Roth Capital cut shares of Energy Fuels from a "strong-buy" rating to a "hold" rating in a research note on Friday, July 11th. B. Riley raised shares of Energy Fuels to a "strong-buy" rating in a research note on Tuesday, July 22nd. Finally, Canaccord Genuity Group raised shares of Energy Fuels from a "moderate buy" rating to a "strong-buy" rating in a research note on Wednesday, July 2nd. Two equities research analysts have rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Buy".

Energy Fuels Stock Down 1.5%

The firm has a market capitalization of C$3.66 billion, a PE ratio of -32.39 and a beta of 1.49. The business's 50 day simple moving average is C$11.70 and its 200 day simple moving average is C$8.23. The company has a current ratio of 18.01, a quick ratio of 19.23 and a debt-to-equity ratio of 0.31.

Insiders Place Their Bets

In other Energy Fuels news, Senior Officer 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 C$7.47, for a total value of C$1,572,534.50. Also, Senior Officer Dee Ann Nazarenus sold 3,585 shares of Energy Fuels stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of C$7.77, for a total transaction of C$27,847.92. Company insiders own 2.03% of the company's stock.

About Energy Fuels

Energy Fuels is the largest uranium producer in the U.S. and holds more production capacity and uranium resources than any other U.S. producer. The Company also produces vanadium. Headquartered in Colorado Energy Fuels holds three of Americas key uranium production centers: the White Mesa Mill in Utah the Nichols Ranch ISR Facility in Wyoming and the Alta Mesa ISR Facility in Texas.