Energy Fuels (NYSEAMERICAN:UUUU) Trading 8% Higher on Analyst Upgrade

Energy Fuels Inc (NYSEAMERICAN:UUUU)’s stock price shot up 8% during mid-day trading on Monday after HC Wainwright raised their price target on the stock from $26.75 to $27.25. HC Wainwright currently has a buy rating on the stock. Energy Fuels traded as high as $23.14 and last traded at $23.03. 5,476,153 shares were traded during mid-day trading, a decline of 64% from the average session volume of 15,052,036 shares. The stock had previously closed at $21.32.

A number of other equities analysts also recently issued reports on UUUU. B. Riley Financial increased their price target on Energy Fuels to $27.00 and gave the stock a “buy” rating in a research report on Tuesday, January 20th. The Goldman Sachs Group initiated coverage on shares of Energy Fuels in a research note on Tuesday, February 10th. They set a “buy” rating and a $30.00 price objective for the company. Finally, Roth Mkm raised shares of Energy Fuels from a “sell” rating to a “neutral” rating and boosted their price target for the company from $13.00 to $15.50 in a research report on Wednesday, January 28th. Three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, Energy Fuels has an average rating of “Moderate Buy” and an average target price of $24.94.

Insider Activity at Energy Fuels

In other Energy Fuels news, Director Alex G. Morrison sold 38,869 shares of the business’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 value of $556,604.08. Following the sale, the director owned 110,878 shares of the company’s stock, valued at $1,587,772.96. The trade was a 25.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Timothy James Carstens sold 59,594 shares of the stock in a transaction dated Wednesday, December 10th. The stock was sold at an average price of $14.93, for a total value of $889,738.42. Following the transaction, the executive vice president directly owned 107,435 shares in the company, valued at approximately $1,604,004.55. The trade was a 35.68% decrease in their position. The disclosure for this sale is available in the SEC filing. 1.92% of the stock is currently owned by company insiders.

Institutional Trading of Energy Fuels

Hedge funds have recently added to or reduced their stakes in the company. Moody Aldrich Partners LLC purchased a new position in Energy Fuels during the 3rd quarter worth $2,369,000. CenterBook Partners LP acquired a new stake in shares of Energy Fuels during the second quarter worth about $6,037,000. Intact Investment Management Inc. purchased a new position in shares of Energy Fuels during the third quarter worth about $1,186,000. HighTower Advisors LLC grew its holdings in shares of Energy Fuels by 50.5% during the third quarter. HighTower Advisors LLC now owns 205,562 shares of the company’s stock worth $3,155,000 after buying an additional 68,933 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in Energy Fuels by 11.4% in the 2nd quarter. Geode Capital Management LLC now owns 2,662,767 shares of the company’s stock valued at $15,318,000 after acquiring an additional 272,733 shares during the period. Institutional investors and hedge funds own 48.24% of the company’s stock.

Energy Fuels Trading Up 7.0%

The company has a 50 day simple moving average of $20.38 and a 200 day simple moving average of $17.22. The company has a current ratio of 30.69, a quick ratio of 28.34 and a debt-to-equity ratio of 0.99. The stock has a market capitalization of $5.41 billion, a PE ratio of -60.03 and a beta of 1.42.

Energy Fuels (NYSEAMERICAN:UUUU) last announced its earnings results on Friday, February 27th. The company reported ($0.12) earnings per share for the quarter, missing the consensus estimate of ($0.07) by ($0.05). Energy Fuels had a negative net margin of 130.63% and a negative return on equity of 13.15%. Analysts predict that Energy Fuels Inc will post -0.1 earnings per share for the current fiscal year.

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.