Energy Fuels (TSE:EFR) Sets New 52-Week High - Time to 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.

Shares of Energy Fuels Inc. (TSE:EFR - Get Free Report) NASDAQ: UUUU hit a new 52-week high during 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. The stock had previously closed at C$14.63.

Analysts Set New Price Targets

EFR has been the subject of a number of research analyst reports. Canaccord Genuity Group upgraded shares of Energy Fuels from a "moderate buy" rating to a "strong-buy" rating in a research note on Wednesday, July 2nd. B. Riley raised shares of Energy Fuels to a "strong-buy" rating in a report on Tuesday, July 22nd. Finally, Roth Capital downgraded shares of Energy Fuels from a "strong-buy" rating to a "hold" rating in a report on Friday, July 11th. Two investment 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 stock has a consensus rating of "Buy".

Energy Fuels Trading Up 4.2%

The firm has a market cap of C$2.12 billion, a PE ratio of -50.61 and a beta of 1.54. The company has a quick ratio of 19.23, a current ratio of 18.01 and a debt-to-equity ratio of 0.31. The company's 50 day moving average price is C$10.89 and its two-hundred day moving average price is C$7.93.

Insider Transactions at Energy Fuels

In other news, Director Ivy Virginia Estabrooke sold 4,400 shares of Energy Fuels stock in a transaction that occurred on Wednesday, May 28th. The shares were sold at an average price of C$7.52, for a total value of C$33,092.40. Also, Senior Officer Dee Ann Nazarenus sold 3,585 shares of the business's stock in a transaction that occurred 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. Over the last ninety days, insiders have sold 218,597 shares of company stock worth $1,633,475. 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.

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