Energy Fuels (NYSEAMERICAN:UUUU) Shares Gap Up – Still a Buy?

Energy Fuels Inc (NYSEAMERICAN:UUUU) shares gapped up before the market opened on Friday . The stock had previously closed at $13.90, but opened at $14.63. Energy Fuels shares last traded at $15.28, with a volume of 2,806,827 shares.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Zacks Research downgraded Energy Fuels from a “hold” rating to a “strong sell” rating in a research report on Tuesday, August 11th. Roth Capital upgraded shares of Energy Fuels from a “neutral” rating to a “buy” rating and set a $16.00 price objective for the company in a report on Friday, August 7th. UBS Group upgraded shares of Energy Fuels to a “neutral” rating in a report on Friday, August 14th. The Goldman Sachs Group decreased their price target on shares of Energy Fuels from $29.00 to $21.00 and set a “buy” rating for the company in a research report on Friday, June 12th. Finally, BMO Capital Markets began coverage on Energy Fuels in a research report on Friday, August 14th. They set an “outperform” rating and a $18.00 price objective on the stock. Five investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $21.80.

Energy Fuels Stock Up 6.9%

The firm has a 50 day moving average price of $13.64 and a 200-day moving average price of $17.50. The company has a current ratio of 27.90, a quick ratio of 25.87 and a debt-to-equity ratio of 0.85. The firm has a market cap of $3.71 billion, a PE ratio of -46.44 and a beta of 1.53.

Energy Fuels (NYSEAMERICAN:UUUU) last released its earnings results on Wednesday, August 5th. The company reported ($0.13) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.09). Energy Fuels had a negative return on equity of 11.29% and a negative net margin of 77.75%.The firm had revenue of $25.11 million for the quarter. Research analysts forecast that Energy Fuels Inc will post -0.25 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Bruce D. Hansen acquired 4,000 shares of the company’s stock in a transaction on Wednesday, July 8th. The shares were bought at an average cost of $12.70 per share, with a total value of $50,800.00. Following the transaction, the director owned 313,844 shares in the company, valued at approximately $3,985,818.80. This trade represents a 1.29% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Ross R. Bhappu acquired 74,000 shares of Energy Fuels stock in a transaction dated Tuesday, July 7th. The stock was purchased at an average price of $13.08 per share, for a total transaction of $967,920.00. Following the completion of the acquisition, the chief executive officer directly owned 256,583 shares in the company, valued at approximately $3,356,105.64. This represents a 40.53% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 0.97% of the stock is owned by insiders.

Hedge Funds Weigh In On Energy Fuels

A number of institutional investors and hedge funds have recently modified their holdings of UUUU. TD Waterhouse Canada Inc. raised its position in Energy Fuels by 1.7% during the 4th quarter. TD Waterhouse Canada Inc. now owns 30,574 shares of the company’s stock worth $442,000 after buying an additional 500 shares during the last quarter. IFP Advisors Inc boosted its holdings in shares of Energy Fuels by 7.7% in the fourth quarter. IFP Advisors Inc now owns 7,173 shares of the company’s stock valued at $104,000 after acquiring an additional 511 shares in the last quarter. Sound Income Strategies LLC boosted its holdings in shares of Energy Fuels by 17.1% in the first quarter. Sound Income Strategies LLC now owns 4,100 shares of the company’s stock valued at $74,000 after acquiring an additional 600 shares in the last quarter. Wealthfront Advisers LLC increased its stake in shares of Energy Fuels by 3.6% during the first quarter. Wealthfront Advisers LLC now owns 19,697 shares of the company’s stock worth $359,000 after acquiring an additional 677 shares during the period. Finally, Harbour Investments Inc. raised its holdings in Energy Fuels by 74.5% during the fourth quarter. Harbour Investments Inc. now owns 1,736 shares of the company’s stock worth $25,000 after purchasing an additional 741 shares in the last quarter. Institutional investors and hedge funds own 48.24% of the company’s stock.

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.