Energy Fuels (NYSEAMERICAN:UUUU) Price Target Raised to $16.25 at HC Wainwright

Key Points

• HC Wainwright has raised the price target for Energy Fuels (NYSEAMERICAN:UUUU) from $12.00 to $16.25, suggesting a potential upside of 21.18% from its current stock price.
• Despite the positive outlook from HC Wainwright, other analysts have issued mixed ratings, with Roth Capital downgrading the stock to a "neutral" rating and a price target of $6.00.
• Insider selling has been significant, with VP Saleem Drera and EVP Timothy James Carstens selling a combined total of over 516,000 shares, indicating a notable reduction in their ownership stakes.

Energy Fuels (NYSEAMERICAN:UUUU - Get Free Report) had its price objective upped by equities researchers at HC Wainwright from $12.00 to $16.25 in a research report issued on Wednesday, Marketbeat Ratings reports. The brokerage currently has a "buy" rating on the stock. HC Wainwright's price target would suggest a potential upside of 9.35% from the company's current price.

A number of other brokerages also recently commented on UUUU. Roth Capital downgraded Energy Fuels from a "buy" rating to a "neutral" rating and set a $6.00 price objective for the company. in a research report on Friday, July 11th. B. Riley initiated coverage on Energy Fuels in a report on Wednesday, July 23rd. They issued a "buy" rating and a $9.00 target price for the company. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of "Buy" and an average target price of $9.25.

Energy Fuels Stock Up 5.4%

NYSEAMERICAN UUUU traded up $0.76 on Wednesday, reaching $14.86. 20,655,072 shares of the stock traded hands, compared to its average volume of 13,792,827. Energy Fuels has a 12 month low of $3.20 and a 12 month high of $15.29. The firm's fifty day simple moving average is $10.55 and its 200 day simple moving average is $6.78. The company has a market cap of $3.30 billion, a price-to-earnings ratio of -30.33 and a beta of 1.76.

Energy Fuels (NYSEAMERICAN:UUUU - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The company reported ($0.10) EPS for the quarter, missing analysts' consensus estimates of ($0.04) by ($0.06). Energy Fuels had a negative net margin of 143.05% and a negative return on equity of 17.41%. The company had revenue of $4.21 million for the quarter. Energy Fuels's quarterly revenue was up –51.7% on a year-over-year basis. As a group, equities research analysts forecast that Energy Fuels will post -0.1 EPS for the current fiscal year.

Insider Buying and Selling at Energy Fuels

In other Energy Fuels news, VP Saleem Drera sold 266,595 shares of Energy Fuels stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $11.01, for a total transaction of $2,935,210.95. Following the sale, the vice president directly owned 24,474 shares of the company's stock, valued at approximately $269,458.74. The trade was a 91.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Scott Bakken sold 4,629 shares of Energy Fuels stock in a transaction that occurred on Thursday, August 28th. The shares were sold at an average price of $12.00, for a total value of $55,548.00. Following the sale, the vice president directly owned 108,817 shares in the company, valued at $1,305,804. The trade was a 4.08% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 598,724 shares of company stock valued at $6,487,859. 1.77% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Northern Trust Corp raised its stake in shares of Energy Fuels by 6.1% in the fourth quarter. Northern Trust Corp now owns 1,155,495 shares of the company's stock valued at $5,928,000 after acquiring an additional 66,202 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its position in shares of Energy Fuels by 26.0% during the 1st quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 111,071 shares of the company's stock valued at $411,000 after acquiring an additional 22,916 shares during the last quarter. Alps Advisors Inc. raised its position in shares of Energy Fuels by 29.0% during the 1st quarter. Alps Advisors Inc. now owns 15,933,699 shares of the company's stock valued at $59,433,000 after acquiring an additional 3,584,798 shares during the last quarter. Vident Advisory LLC increased its position in shares of Energy Fuels by 22.8% in the 1st quarter. Vident Advisory LLC now owns 2,068,860 shares of the company's stock valued at $7,717,000 after buying an additional 384,257 shares in the last quarter. Finally, Millennium Management LLC increased its position in shares of Energy Fuels by 682.4% in 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 in the last quarter. Institutional investors own 48.24% of the company's stock.

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.