Energy Fuels (NYSEAMERICAN:UUUU) Earns Buy Rating from Analysts at The Goldman Sachs Group

The Goldman Sachs Group started coverage on shares of Energy Fuels (NYSEAMERICAN:UUUU) in a research report sent to investors on Tuesday, Marketbeat.com reports. The firm issued a buy rating and a $30.00 target price on the stock.

Other equities analysts have also recently issued research reports about the company. Roth Mkm raised Energy Fuels from a “sell” rating to a “neutral” rating and lifted their price target for the stock from $13.00 to $15.50 in a research note on Wednesday, January 28th. HC Wainwright reiterated a “buy” rating and issued a $26.75 target price on shares of Energy Fuels in a report on Friday, January 9th. Finally, B. Riley Financial boosted their price target on shares of Energy Fuels to $27.00 and gave the company a “buy” rating in a report on Tuesday, January 20th. Three research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, Energy Fuels has an average rating of “Moderate Buy” and an average price target of $24.81.

Energy Fuels Stock Performance

Shares of NYSEAMERICAN:UUUU opened at $21.30 on Tuesday. The company has a market capitalization of $5.05 billion, a PE ratio of -43.47 and a beta of 1.45. The stock has a fifty day moving average of $18.89 and a 200-day moving average of $16.19. Energy Fuels has a one year low of $3.20 and a one year high of $27.90.

Insider Transactions at Energy Fuels

In other Energy Fuels news, EVP Timothy James Carstens sold 59,594 shares of the firm’s stock in a transaction dated Wednesday, December 10th. The stock was sold at an average price of $14.93, for a total transaction of $889,738.42. Following the transaction, the executive vice president directly owned 107,435 shares in the company, valued at $1,604,004.55. This trade represents a 35.68% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Mark Chalmers sold 150,000 shares of the company’s stock in a transaction dated Wednesday, November 19th. The stock was sold at an average price of $15.60, for a total value of $2,340,000.00. Following the sale, the chief executive officer owned 911,343 shares of the company’s stock, valued at approximately $14,216,950.80. This trade represents a 14.13% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 463,119 shares of company stock valued at $6,935,437. Insiders own 1.77% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its position in shares of Energy Fuels by 26.1% in the 4th quarter. Vanguard Group Inc. now owns 14,978,848 shares of the company’s stock worth $217,449,000 after acquiring an additional 3,095,806 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Energy Fuels by 11.5% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,246,295 shares of the company’s stock valued at $188,085,000 after purchasing an additional 1,264,050 shares in the last quarter. Van ECK Associates Corp lifted its position in Energy Fuels by 35.4% in the third quarter. Van ECK Associates Corp now owns 10,194,742 shares of the company’s stock worth $156,489,000 after purchasing an additional 2,664,735 shares during the period. Ameriprise Financial Inc. boosted its stake in Energy Fuels by 4.7% during the second 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. Finally, Bank of America Corp DE increased its holdings 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 valued at $25,105,000 after buying an additional 2,111,466 shares during the period. Institutional investors own 48.24% of the company’s stock.

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.