Energy Fuels (NYSEAMERICAN:UUUU) Shares Gap Up – Should You Buy?

Energy Fuels Inc (NYSEAMERICAN:UUUU)’s share price gapped up prior to trading on Thursday . The stock had previously closed at $15.30, but opened at $17.92. Energy Fuels shares last traded at $16.77, with a volume of 6,948,751 shares changing hands.

Analyst Ratings Changes

A number of equities analysts recently commented on UUUU shares. Roth Mkm reiterated a “neutral” rating and issued a $17.00 price target on shares of Energy Fuels in a research note on Monday, May 11th. The Goldman Sachs Group decreased their target price on 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, HC Wainwright boosted their price target on Energy Fuels from $27.25 to $29.00 and gave the company a “buy” rating in a report on Friday, May 8th. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $23.50.

Energy Fuels Stock Up 7.9%

The firm has a market cap of $4.13 billion, a price-to-earnings ratio of -56.93 and a beta of 1.44. The stock has a 50-day moving average of $18.78 and a 200-day moving average of $18.93. The company has a current ratio of 27.51, a quick ratio of 25.59 and a debt-to-equity ratio of 0.93.

Energy Fuels (NYSEAMERICAN:UUUU) last issued its earnings results on Wednesday, May 6th. The company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.02). Energy Fuels had a negative return on equity of 10.23% and a negative net margin of 83.26%.Energy Fuels’s revenue for the quarter was up 112.1% compared to the same quarter last year. During the same period last year, the business earned ($0.13) earnings per share. As a group, sell-side analysts forecast that Energy Fuels Inc will post -0.14 EPS for the current fiscal year.

Insiders Place Their Bets

In other Energy Fuels news, VP Daniel Kapostasy sold 15,000 shares of Energy Fuels stock in a transaction on Friday, April 10th. The stock was sold at an average price of $18.71, for a total transaction of $280,650.00. Following the sale, the vice president owned 30,486 shares of the company’s stock, valued at $570,393.06. The trade was a 32.98% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.97% of the stock is owned by insiders.

Institutional Trading of Energy Fuels

Institutional investors have recently made changes to their positions in the stock. Empowered Funds LLC lifted its position in Energy Fuels by 4,108.3% in the first quarter. Empowered Funds LLC now owns 511,478 shares of the company’s stock worth $9,334,000 after purchasing an additional 499,324 shares during the period. Rathbones Group PLC grew its holdings in Energy Fuels by 1.9% during the first quarter. Rathbones Group PLC now owns 64,845 shares of the company’s stock worth $1,183,000 after acquiring an additional 1,200 shares during the period. Janus Henderson Group PLC acquired a new position in Energy Fuels during the first quarter worth about $9,845,000. Amundi bought a new stake in Energy Fuels in the first quarter worth about $368,000. Finally, Royal Bank of Canada lifted its holdings in Energy Fuels by 876.1% in the 1st quarter. Royal Bank of Canada now owns 874,126 shares of the company’s stock valued at $15,953,000 after acquiring an additional 986,758 shares during the last quarter. 48.24% of the stock is owned by institutional investors and hedge funds.

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.