Energy Fuels (NYSEAMERICAN:UUUU) Given New $12.00 Price Target at HC Wainwright

Key Points

• HC Wainwright has raised its price target for Energy Fuels (NYSEAMERICAN:UUUU) from $10.00 to $12.00, indicating a potential upside of 25% based on the stock's previous close.
• Recent activity shows that insiders, including VP Timothy James Carstens, sold shares of the company, representing a 28.94% decrease in their position.
• Institutional investors have increased holdings in Energy Fuels, with notable increases from Northern Trust Corp and Alps Advisors Inc., contributing to 48.24% of the company’s stock being held by institutional investors.

Energy Fuels (NYSEAMERICAN:UUUU - Get Free Report) had its price objective lifted by analysts at HC Wainwright from $10.00 to $12.00 in a research report issued on Friday,Benzinga reports. The firm currently has a "buy" rating on the stock. HC Wainwright's price target would indicate a potential upside of 25.65% from the company's current price.

Other research analysts also recently issued reports about the stock. Roth Capital downgraded shares of 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. B. Riley assumed coverage on shares of Energy Fuels in a report on Wednesday, July 23rd. They issued a "buy" rating and a $9.00 price target for the company.

Energy Fuels Price Performance

Shares of Energy Fuels stock traded down $0.05 on Friday, reaching $9.55. 15,044,649 shares of the company traded hands, compared to its average volume of 14,670,851. Energy Fuels has a 52 week low of $3.20 and a 52 week high of $10.74. The company has a 50 day moving average of $7.13 and a 200 day moving average of $5.52. The firm has a market capitalization of $2.12 billion, a PE ratio of -19.49 and a beta of 1.71.

Insider Buying and Selling at Energy Fuels

In other news, VP Timothy James Carstens sold 210,612 shares of the stock in a transaction on Tuesday, June 10th. The shares were sold at an average price of $5.45, for a total value of $1,147,835.40. Following the completion of the sale, the vice president directly owned 517,029 shares of the company's stock, valued at $2,817,808.05. This represents a 28.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders have sold 218,597 shares of company stock worth $1,192,142 over the last three months. 1.77% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Kingstone Capital Partners Texas LLC purchased a new stake in shares of Energy Fuels during the second quarter worth $29,525,000. Alps Advisors Inc. grew its holdings in shares of Energy Fuels by 29.0% in the first quarter. Alps Advisors Inc. now owns 15,933,699 shares of the company's stock valued at $59,433,000 after purchasing an additional 3,584,798 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Energy Fuels by 10.8% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,670,863 shares of the company's stock valued at $46,927,000 after purchasing an additional 1,231,484 shares during the period. Vanguard Group Inc. boosted its stake in Energy Fuels by 18.5% during the fourth quarter. Vanguard Group Inc. now owns 7,468,726 shares of the company's stock worth $38,316,000 after buying an additional 1,164,973 shares during the period. Finally, Focus Partners Wealth purchased a new position in Energy Fuels during the fourth quarter worth about $5,467,000. Hedge funds and other institutional investors own 48.24% of the company's stock.

About Energy Fuels

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.