Energy Fuels (NYSEAMERICAN:UUUU) Trading Up 8.8% – Should You Buy?

Energy Fuels Inc (NYSEAMERICAN:UUUU)’s share price was up 8.8% during trading on Friday . The company traded as high as $15.30 and last traded at $15.21. Approximately 2,725,025 shares were traded during trading, a decline of 80% from the average daily volume of 13,385,207 shares. The stock had previously closed at $13.98.

Wall Street Analysts Forecast Growth

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

Energy Fuels Trading Up 8.7%

The company has a market cap of $3.61 billion, a P/E ratio of -31.02 and a beta of 1.68. The firm has a 50 day moving average of $17.21 and a 200-day moving average of $12.47.

Insider Activity

In other Energy Fuels news, Director Alex G. Morrison sold 38,869 shares of the firm’s stock in a transaction that occurred on Monday, December 15th. The stock was sold at an average price of $14.32, for a total transaction of $556,604.08. Following the completion of the transaction, the director owned 110,878 shares in the company, valued at $1,587,772.96. This trade represents a 25.96% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, VP Curtis Moore sold 25,000 shares of the company’s stock in a transaction that occurred on Monday, November 17th. The stock was sold at an average price of $15.58, for a total value of $389,500.00. Following the sale, the vice president directly owned 119,193 shares in the company, valued at $1,857,026.94. This trade represents a 17.34% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 463,119 shares of company stock valued at $6,935,437. 1.77% of the stock is owned by corporate insiders.

Institutional Trading of Energy Fuels

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. raised its holdings in shares of Energy Fuels by 1.7% in the first quarter. Charles Schwab Investment Management Inc. now owns 459,326 shares of the company’s stock worth $1,713,000 after buying an additional 7,817 shares during the period. Nuveen LLC purchased a new stake in Energy Fuels in the first quarter worth $2,233,000. Kovitz Investment Group Partners LLC bought a new stake in shares of Energy Fuels during the first quarter worth $59,000. Cresset Asset Management LLC purchased a new stake in shares of Energy Fuels during the first quarter valued at $71,000. Finally, Northwest & Ethical Investments L.P. grew its holdings in shares of Energy Fuels by 21.5% in the first quarter. Northwest & Ethical Investments L.P. now owns 16,536 shares of the company’s stock worth $61,000 after purchasing an additional 2,924 shares during the last quarter. 48.24% of the stock is owned by hedge funds and other institutional investors.

Energy Fuels Company Profile

Energy Fuels Inc (NYSE American: UUUU) is a U.S.-based mineral resources company focused on the production and processing of uranium, rare earth elements and other strategic minerals. The company’s core business activity centers on supplying nuclear fuel to power generators, leveraging a diversified portfolio of conventional and in-situ recovery (ISR) uranium mines located primarily on the Colorado Plateau, in Wyoming and in Texas.

At the heart of Energy Fuels’ operations is the White Mesa Mill in southeastern Utah, the only conventional uranium-vanadium mill currently permitted and operating in the United States.