Energy Fuels (NYSEAMERICAN:UUUU) Trading 6.2% Higher – Should You Buy?

Shares of Energy Fuels Inc (NYSEAMERICAN:UUUU) rose 6.2% during mid-day trading on Monday . The stock traded as high as $16.00 and last traded at $15.55. Approximately 3,498,084 shares were traded during trading, a decline of 74% from the average daily volume of 13,270,871 shares. The stock had previously closed at $14.64.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on UUUU. HC Wainwright dropped their price objective 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 downgraded Energy Fuels from a “neutral” rating to a “sell” rating and lifted their price objective for the company 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 issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $13.25.

Energy Fuels Trading Up 4.2%

The company has a market capitalization of $3.62 billion, a P/E ratio of -31.12 and a beta of 1.69. The stock has a 50 day moving average price of $16.25 and a 200 day moving average price of $12.98.

Insider Buying and Selling

In other Energy Fuels news, Director Alex G. Morrison sold 38,869 shares of the company’s stock in a transaction that occurred on Monday, December 15th. The shares were sold at an average price of $14.32, for a total value of $556,604.08. Following the completion of the transaction, the director directly owned 110,878 shares in the company, valued at approximately $1,587,772.96. This represents a 25.96% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Dennis Lyle Higgs sold 15,000 shares of Energy Fuels stock in a transaction on Monday, November 24th. The stock was sold at an average price of $13.61, for a total transaction of $204,150.00. Following the transaction, the director owned 177,964 shares in the company, valued at approximately $2,422,090.04. This trade represents a 7.77% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 463,119 shares of company stock valued at $6,935,437 over the last three months. Insiders own 1.92% of the company’s stock.

Institutional Investors Weigh In On Energy Fuels

A number of hedge funds have recently added to or reduced their stakes in UUUU. Ameritas Advisory Services LLC increased its stake in shares of Energy Fuels by 18.8% in the 3rd 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 stake in Energy Fuels by 10.3% in the third 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 in the last quarter. Principal Financial Group Inc. raised its holdings in shares of Energy Fuels by 6.7% during the third 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 period. Joel Isaacson & Co. LLC boosted its position in shares of Energy Fuels by 11.9% during the 3rd quarter. Joel Isaacson & Co. LLC now owns 11,321 shares of the company’s stock worth $174,000 after purchasing an additional 1,200 shares in the last quarter. Finally, Advisory Services Network LLC grew its stake in shares of Energy Fuels by 4.9% in the 3rd quarter. Advisory Services Network LLC now owns 26,139 shares of the company’s stock valued at $401,000 after buying an additional 1,228 shares during the period. 48.24% of the stock is currently owned by institutional investors.

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.