Energy Fuels (NYSEAMERICAN:UUUU) Trading Up 5% on Analyst Upgrade

Energy Fuels Inc (NYSEAMERICAN:UUUU) shares were up 5% on Wednesday after HC Wainwright raised their price target on the stock from $16.25 to $27.50. HC Wainwright currently has a buy rating on the stock. Energy Fuels traded as high as $21.68 and last traded at $21.67. Approximately 8,386,511 shares traded hands during trading, a decline of 35% from the average daily volume of 12,958,645 shares. The stock had previously closed at $20.63.

Several other analysts have also commented on the stock. Roth Capital lowered shares of Energy Fuels from a “buy” rating to a “neutral” rating and set a $6.00 price objective on the stock. in a research report on Friday, July 11th. B. Riley started coverage on shares of Energy Fuels in a research report on Wednesday, July 23rd. They issued a “buy” rating and a $9.00 price objective on the stock. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $12.06.

Insider Activity

In related news, Director Dennis Lyle Higgs sold 20,000 shares of the business’s stock in a transaction that occurred on Thursday, August 28th. The shares were sold at an average price of $11.79, for a total transaction of $235,800.00. Following the completion of the transaction, the director owned 256,381 shares of the company’s stock, valued at approximately $3,022,731.99. The trade was a 7.24% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director J. Birks Bovaird sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, September 19th. The shares were sold at an average price of $14.85, for a total transaction of $148,500.00. Following the transaction, the director directly owned 195,617 shares of the company’s stock, valued at approximately $2,904,912.45. This represents a 4.86% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 618,724 shares of company stock worth $6,782,959 in the last three months. Insiders own 1.77% of the company’s stock.

Hedge Funds Weigh In On Energy Fuels

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Alps Advisors Inc. grew its stake in Energy Fuels by 29.0% in the 1st quarter. Alps Advisors Inc. now owns 15,933,699 shares of the company’s stock worth $59,433,000 after buying an additional 3,584,798 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Energy Fuels by 10.8% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,670,863 shares of the company’s stock worth $46,927,000 after buying an additional 1,231,484 shares in the last quarter. Ameriprise Financial Inc. grew its stake in Energy Fuels by 4.7% in the 2nd quarter. Ameriprise Financial Inc. now owns 9,203,210 shares of the company’s stock worth $52,918,000 after buying an additional 410,894 shares in the last quarter. Kingstone Capital Partners Texas LLC purchased a new position in Energy Fuels in the 2nd quarter worth approximately $29,525,000. Finally, Bank of America Corp DE grew its stake in Energy Fuels by 93.6% in the 2nd quarter. Bank of America Corp DE now owns 4,366,108 shares of the company’s stock worth $25,105,000 after buying an additional 2,111,466 shares in the last quarter. Hedge funds and other institutional investors own 48.24% of the company’s stock.

Energy Fuels Stock Performance

The firm has a market cap of $5.25 billion, a PE ratio of -46.41 and a beta of 1.79. The stock’s 50 day simple moving average is $15.09 and its 200 day simple moving average is $9.17.

Energy Fuels (NYSEAMERICAN:UUUU) last announced its quarterly earnings data on Wednesday, August 6th. The company reported ($0.10) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.06). The business had revenue of $4.21 million during the quarter. Energy Fuels had a negative return on equity of 17.41% and a negative net margin of 143.05%.Energy Fuels’s revenue for the quarter was up –51.7% compared to the same quarter last year. As a group, analysts anticipate that Energy Fuels Inc will post -0.1 earnings per share for the current year.

About Energy Fuels

Energy Fuels Inc, together with its subsidiaries, engages in the extraction, recovery, recycling, exploration, permitting, evaluation, and sale of uranium mineral properties in the United States. The company produces and sells vanadium pentoxide, rare earth elements, and heavy mineral sands, such as ilmenite, rutile, zircon, and monazite.