Energy Fuels (NYSEAMERICAN:UUUU) Shares Up 7.3% – What’s Next?

Energy Fuels Inc (NYSEAMERICAN:UUUU)’s stock price shot up 7.3% on Thursday . The stock traded as high as $16.01 and last traded at $15.95. 4,837,170 shares were traded during mid-day trading, a decline of 64% from the average session volume of 13,545,998 shares. The stock had previously closed at $14.86.

Wall Street Analyst Weigh In

UUUU has been the subject of a number of recent analyst reports. HC Wainwright cut their price target on shares of Energy Fuels to $26.75 and set a “buy” rating for the company in a report on Tuesday, November 4th. Roth Capital lowered Energy Fuels from a “neutral” rating to a “sell” rating and increased their price objective for the stock from $7.25 to $11.50 in a research report on Wednesday, November 5th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $13.25.

Energy Fuels Trading Up 6.5%

The stock has a market capitalization of $3.65 billion, a price-to-earnings ratio of -32.29 and a beta of 1.68. The firm’s fifty day moving average price is $17.60 and its 200 day moving average price is $12.14.

Insider Transactions at Energy Fuels

In other news, EVP Timothy James Carstens sold 100,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 20th. The shares were sold at an average price of $14.27, for a total value of $1,427,000.00. Following the completion of the transaction, the executive vice president owned 167,029 shares of the company’s stock, valued at approximately $2,383,503.83. This trade represents a 37.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Curtis Moore sold 25,000 shares of Energy Fuels stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of $15.58, for a total transaction of $389,500.00. Following the completion of the transaction, the vice president owned 119,193 shares of the company’s stock, valued at $1,857,026.94. This trade represents a 17.34% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 392,156 shares of company stock worth $5,887,945. 1.77% of the stock is owned by corporate insiders.

Institutional Trading of Energy Fuels

Large investors have recently made changes to their positions in the company. Ameritas Advisory Services LLC raised its holdings in Energy Fuels by 18.8% in the third quarter. Ameritas Advisory Services LLC now owns 4,750 shares of the company’s stock valued at $73,000 after acquiring an additional 750 shares in the last quarter. PNC Financial Services Group Inc. increased its position in shares of Energy Fuels by 10.3% in the 3rd quarter. PNC Financial Services Group Inc. now owns 9,538 shares of the company’s stock valued at $146,000 after purchasing an additional 889 shares during the last quarter. Principal Financial Group Inc. increased its position in shares of Energy Fuels by 6.7% in the 3rd quarter. Principal Financial Group Inc. now owns 15,374 shares of the company’s stock valued at $236,000 after purchasing an additional 962 shares during the last quarter. Joel Isaacson & Co. LLC raised its holdings in shares of Energy Fuels by 11.9% in the 3rd quarter. Joel Isaacson & Co. LLC now owns 11,321 shares of the company’s stock valued at $174,000 after purchasing an additional 1,200 shares in the last quarter. Finally, Advisory Services Network LLC lifted its position in shares of Energy Fuels by 4.9% during the 3rd quarter. Advisory Services Network LLC now owns 26,139 shares of the company’s stock worth $401,000 after purchasing an additional 1,228 shares during the last quarter. 48.24% of the stock is currently owned by hedge funds and other institutional investors.

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.