Energy Fuels (NYSEAMERICAN:UUUU) Shares Down 8.7% – What’s Next?

Energy Fuels Inc (NYSEAMERICAN:UUUU) traded down 8.7% on Monday . The stock traded as low as $23.01 and last traded at $23.28. 11,390,881 shares traded hands during mid-day trading, a decline of 30% from the average session volume of 16,174,293 shares. The stock had previously closed at $25.50.

Analyst Upgrades and Downgrades

UUUU has been the subject of several analyst reports. Roth Mkm set a $13.00 target price on Energy Fuels in a research note on Thursday, January 15th. HC Wainwright reaffirmed a “buy” rating and set a $26.75 target price on shares of Energy Fuels in a report on Friday, January 9th. Finally, B. Riley raised their price target on shares of Energy Fuels to $27.00 and gave the company a “buy” rating in a report on Tuesday, January 20th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $22.25.

Energy Fuels Price Performance

The stock has a 50 day moving average price of $16.58 and a 200-day moving average price of $14.89. The stock has a market capitalization of $5.54 billion, a P/E ratio of -47.61 and a beta of 1.47.

Insider Activity at Energy Fuels

In related news, Director Alex G. Morrison sold 38,869 shares of Energy Fuels stock in a transaction 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 sale, the director owned 110,878 shares in the company, valued at $1,587,772.96. The trade was a 25.96% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Dennis Lyle Higgs sold 10,000 shares of Energy Fuels stock in a transaction dated Tuesday, November 25th. The shares were sold at an average price of $14.39, for a total transaction of $143,900.00. Following the sale, the director directly owned 167,964 shares in the company, valued at $2,417,001.96. The trade was a 5.62% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 463,119 shares of company stock worth $6,935,437 over the last ninety days. Insiders own 1.92% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Energy Fuels by 11.5% during the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,246,295 shares of the company’s stock valued at $188,085,000 after purchasing an additional 1,264,050 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Energy Fuels by 50.6% during the third quarter. Vanguard Group Inc. now owns 11,883,042 shares of the company’s stock valued at $182,420,000 after buying an additional 3,991,202 shares during the last quarter. Van ECK Associates Corp increased its position in shares of Energy Fuels by 35.4% during the third quarter. Van ECK Associates Corp now owns 10,194,742 shares of the company’s stock valued at $156,489,000 after acquiring an additional 2,664,735 shares in the last quarter. Ameriprise Financial Inc. lifted its position in Energy Fuels by 4.7% in the 2nd quarter. Ameriprise Financial Inc. now owns 9,203,210 shares of the company’s stock valued at $52,918,000 after acquiring an additional 410,894 shares in the last quarter. Finally, Bank of America Corp DE boosted its stake in Energy Fuels by 93.6% during the 2nd quarter. Bank of America Corp DE now owns 4,366,108 shares of the company’s stock valued at $25,105,000 after purchasing an additional 2,111,466 shares during the last quarter. 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.