CIBC Asset Management Inc Grows Position in Energy Fuels Inc $UUUU

CIBC Asset Management Inc lifted its stake in shares of Energy Fuels Inc (NYSEAMERICAN:UUUU) by 18.6% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 195,122 shares of the company’s stock after acquiring an additional 30,591 shares during the period. CIBC Asset Management Inc owned 0.08% of Energy Fuels worth $2,993,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the company. Moody Aldrich Partners LLC purchased a new position in shares of Energy Fuels during the third quarter valued at approximately $2,369,000. CenterBook Partners LP purchased a new position in shares of Energy Fuels during the 2nd quarter worth $6,037,000. Sound Income Strategies LLC purchased a new stake in shares of Energy Fuels in the second quarter valued at $114,000. Geode Capital Management LLC grew its position in shares of Energy Fuels by 11.4% in the second quarter. Geode Capital Management LLC now owns 2,662,767 shares of the company’s stock valued at $15,318,000 after purchasing an additional 272,733 shares during the period. Finally, White Pine Capital LLC increased its stake in Energy Fuels by 180.5% in the second quarter. White Pine Capital LLC now owns 109,143 shares of the company’s stock valued at $628,000 after purchasing an additional 70,235 shares during the last quarter. Institutional investors and hedge funds own 48.24% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on UUUU. Roth Mkm raised Energy Fuels from a “sell” rating to a “neutral” rating and set a $15.50 price target on the stock in a research note on Wednesday. HC Wainwright restated a “buy” rating and set a $26.75 target price on shares of Energy Fuels in a report on Friday, January 9th. Finally, B. Riley raised their price objective on Energy Fuels to $27.00 and gave the company a “buy” rating in a research report on Tuesday, January 20th. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $23.08.

Energy Fuels Stock Up 3.6%

Shares of UUUU opened at $24.16 on Wednesday. The firm has a market cap of $5.73 billion, a price-to-earnings ratio of -49.31 and a beta of 1.47. The business’s 50 day moving average is $16.93 and its two-hundred day moving average is $15.14. Energy Fuels Inc has a 52-week low of $3.20 and a 52-week high of $27.33.

Insiders Place Their Bets

In other Energy Fuels news, Director Dennis Lyle Higgs sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 25th. The stock was sold at an average price of $14.39, for a total transaction of $143,900.00. Following the sale, the director owned 167,964 shares in the company, valued at $2,417,001.96. This represents a 5.62% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, VP Curtis Moore sold 25,000 shares of the stock in a transaction that occurred on Monday, November 17th. The stock was sold at an average price of $15.58, for a total value of $389,500.00. Following the transaction, the vice president directly owned 119,193 shares in the company, valued at approximately $1,857,026.94. This represents a 17.34% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 463,119 shares of company stock worth $6,935,437. Company insiders own 1.92% 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.