Energy Fuels (NYSEAMERICAN:UUUU) Shares Gap Up – Time to Buy?

Energy Fuels Inc (NYSEAMERICAN:UUUU)’s stock price gapped up before the market opened on Tuesday . The stock had previously closed at $21.01, but opened at $22.65. Energy Fuels shares last traded at $22.51, with a volume of 2,151,841 shares traded.

Wall Street Analyst Weigh In

A number of analysts recently commented on UUUU shares. HC Wainwright reissued a “buy” rating and set a $26.75 price objective on shares of Energy Fuels in a report on Friday, January 9th. Roth Mkm raised Energy Fuels from a “sell” rating to a “neutral” rating and boosted their price target for the stock from $13.00 to $15.50 in a research note on Wednesday, January 28th. Finally, B. Riley upped their target price on Energy Fuels to $27.00 and gave the company a “buy” rating in a report on Tuesday, January 20th. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $23.08.

Energy Fuels Stock Performance

The company’s 50 day simple moving average is $17.74 and its 200-day simple moving average is $15.59. The firm has a market capitalization of $5.68 billion, a PE ratio of -48.84 and a beta of 1.45.

Insider Transactions at Energy Fuels

In other Energy Fuels news, VP Curtis Moore sold 25,000 shares of the company’s 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 sale, the vice president directly owned 119,193 shares of the company’s stock, valued at approximately $1,857,026.94. This represents a 17.34% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Alex G. Morrison sold 38,869 shares of the 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 directly owned 110,878 shares in the company, valued at $1,587,772.96. This trade represents a 25.96% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 463,119 shares of company stock worth $6,935,437. Company insiders own 1.92% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Farther Finance Advisors LLC increased its holdings in Energy Fuels by 3,820.9% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,686 shares of the company’s stock worth $26,000 after purchasing an additional 1,643 shares during the last quarter. SBI Securities Co. Ltd. boosted its stake in shares of Energy Fuels by 27.5% during the 2nd quarter. SBI Securities Co. Ltd. now owns 6,238 shares of the company’s stock valued at $36,000 after buying an additional 1,344 shares during the period. ORG Partners LLC lifted its stake in shares of Energy Fuels by 111.4% in the 3rd quarter. ORG Partners LLC now owns 2,410 shares of the company’s stock valued at $40,000 after purchasing an additional 1,270 shares during the last quarter. Fulcrum Asset Management LLP acquired a new position in shares of Energy Fuels during the 3rd quarter valued at about $40,000. Finally, Bessemer Group Inc. boosted its holdings in shares of Energy Fuels by 19,230.8% during the 2nd quarter. Bessemer Group Inc. now owns 7,539 shares of the company’s stock worth $43,000 after buying an additional 7,500 shares during the period. 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.