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

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 target raised by analysts at HC Wainwright from $12.00 to $16.25 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage presently has a "buy" rating on the stock. HC Wainwright's price objective would suggest a potential upside of 21.18% from the stock's current price.

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

Energy Fuels Price Performance

Shares of Energy Fuels stock opened at $13.41 on Wednesday. The firm has a market cap of $2.98 billion, a price-to-earnings ratio of -27.37 and a beta of 1.76. The stock's 50-day moving average is $10.06 and its 200-day moving average is $6.59. Energy Fuels has a one year low of $3.20 and a one year high of $14.41.

Energy Fuels (NYSEAMERICAN:UUUU - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The company reported ($0.10) EPS for the quarter, missing analysts' consensus estimates of ($0.04) by ($0.06). The firm had revenue of $4.21 million during the quarter. Energy Fuels had a negative net margin of 143.05% and a negative return on equity of 17.41%. The business's revenue for the quarter was up –51.7% compared to the same quarter last year. On average, equities analysts expect that Energy Fuels will post -0.1 EPS for the current year.

Insiders Place Their Bets

In other news, VP Saleem Drera sold 266,595 shares of the stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $11.01, for a total value of $2,935,210.95. Following the transaction, the vice president directly owned 24,474 shares of the company's stock, valued at $269,458.74. This represents a 91.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Timothy James Carstens sold 250,000 shares of Energy Fuels stock in a transaction dated Friday, August 8th. The stock was sold at an average price of $10.44, for a total transaction of $2,610,000.00. Following the sale, the executive vice president directly owned 267,029 shares of the company's stock, valued at $2,787,782.76. The trade was a 48.35% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 591,224 shares of company stock worth $6,384,109. Company insiders own 1.92% of the company's stock.

Institutional Investors Weigh In On Energy Fuels

Several hedge funds have recently bought and sold shares of the stock. Byrne Asset Management LLC increased its stake in shares of Energy Fuels by 114.6% during the first quarter. Byrne Asset Management LLC now owns 7,727 shares of the company's stock worth $29,000 after purchasing an additional 4,127 shares during the period. SBI Securities Co. Ltd. boosted its stake in Energy Fuels by 27.5% in the 2nd quarter. SBI Securities Co. Ltd. now owns 6,238 shares of the company's stock valued at $36,000 after purchasing an additional 1,344 shares during the period. Adams Wealth Management bought a new stake in Energy Fuels in the 1st quarter valued at $37,000. CacheTech Inc. bought a new stake in Energy Fuels in the 1st quarter valued at $37,000. Finally, Joel Isaacson & Co. LLC bought a new stake in Energy Fuels in the 1st quarter valued at $38,000. 48.24% of the stock is currently owned by institutional investors and hedge funds.

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.

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