Energy Fuels (NYSEAMERICAN:UUUU) Trading 8.8% Higher – Here’s Why

Energy Fuels Inc (NYSEAMERICAN:UUUU) traded up 8.8% during trading on Monday . The stock traded as high as $23.12 and last traded at $23.08. 7,658,144 shares were traded during mid-day trading, a decline of 57% from the average session volume of 17,636,838 shares. The stock had previously closed at $21.22.

Wall Street Analysts Forecast Growth

UUUU has been the topic of several analyst reports. B. Riley Financial raised their target price on Energy Fuels to $27.00 and gave the company a “buy” rating in a research report on Tuesday, January 20th. HC Wainwright reissued a “buy” rating and issued a $26.75 price target on shares of Energy Fuels in a research note on Friday, January 9th. Finally, Roth Mkm upgraded shares of Energy Fuels from a “sell” rating to a “neutral” rating and lifted their price objective for the company from $13.00 to $15.50 in a research note on Wednesday, January 28th. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, Energy Fuels currently has a consensus rating of “Moderate Buy” and a consensus target price of $23.08.

Energy Fuels Price Performance

The stock’s fifty day moving average price is $18.51 and its 200-day moving average price is $16.03. The firm has a market cap of $5.48 billion, a price-to-earnings ratio of -47.14 and a beta of 1.45.

Insider Buying and Selling at Energy Fuels

In other Energy Fuels news, CEO Mark Chalmers sold 150,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 19th. The shares were sold at an average price of $15.60, for a total value of $2,340,000.00. Following the transaction, the chief executive officer owned 911,343 shares in the company, valued at approximately $14,216,950.80. This represents a 14.13% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Timothy James Carstens sold 59,594 shares of the company’s stock in a transaction on Wednesday, December 10th. The stock was sold at an average price of $14.93, for a total transaction of $889,738.42. Following the completion of the transaction, the executive vice president directly owned 107,435 shares in the company, valued at $1,604,004.55. This trade represents a 35.68% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 463,119 shares of company stock valued at $6,935,437 in the last 90 days. Corporate insiders own 1.92% of the company’s stock.

Institutional Trading of Energy Fuels

Several institutional investors have recently made changes to their positions in UUUU. Geode Capital Management LLC grew its position in Energy Fuels by 10.2% in the fourth quarter. Geode Capital Management LLC now owns 2,998,801 shares of the company’s stock valued at $44,240,000 after acquiring an additional 278,100 shares during the period. Themes Management Co LLC bought a new stake in Energy Fuels during the 4th quarter worth approximately $288,000. Harbour Investments Inc. increased its holdings in Energy Fuels by 74.5% during the 4th quarter. Harbour Investments Inc. now owns 1,736 shares of the company’s stock valued at $25,000 after purchasing an additional 741 shares in the last quarter. Boundless Plain Holdings Ltd bought a new position in Energy Fuels in the 4th quarter valued at $1,596,000. Finally, Shelter Rock Management LLC acquired a new position in Energy Fuels in the fourth quarter worth $200,000. 48.24% of the stock is currently owned by institutional investors and hedge funds.

About Energy Fuels

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.