Energy Fuels (NYSEAMERICAN:UUUU) Shares Gap Down – Here’s Why

Energy Fuels Inc (NYSEAMERICAN:UUUU) shares gapped down prior to trading on Tuesday . The stock had previously closed at $14.02, but opened at $13.36. Energy Fuels shares last traded at $14.10, with a volume of 1,821,762 shares.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on UUUU shares. HC Wainwright dropped their target price on Energy Fuels to $26.75 and set a “buy” rating for the company in a report on Tuesday, November 4th. Roth Capital lowered Energy Fuels from a “neutral” rating to a “sell” rating and increased their price objective for the company from $7.25 to $11.50 in a research note on Wednesday, November 5th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Energy Fuels presently has an average rating of “Moderate Buy” and a consensus price target of $13.25.

Energy Fuels Price Performance

The company has a market cap of $3.35 billion, a PE ratio of -28.80 and a beta of 1.69. The business has a 50 day moving average of $17.48 and a 200 day moving average of $12.39.

Insider Activity at Energy Fuels

In related news, CEO Mark Chalmers sold 150,000 shares of the stock in a transaction dated Wednesday, November 19th. The shares were sold at an average price of $15.60, for a total value of $2,340,000.00. Following the completion of the transaction, the chief executive officer directly owned 911,343 shares of the company’s stock, valued at $14,216,950.80. This represents a 14.13% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Timothy James Carstens sold 100,000 shares of the firm’s stock in a transaction dated Thursday, November 20th. The stock was sold at an average price of $14.27, for a total transaction of $1,427,000.00. Following the completion of the sale, the executive vice president owned 167,029 shares of the company’s stock, valued at $2,383,503.83. This trade represents a 37.45% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 449,250 shares of company stock valued at $6,743,383 over the last three months. Corporate insiders own 1.92% of the company’s stock.

Institutional Investors Weigh In On Energy Fuels

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Farther Finance Advisors LLC boosted its holdings in shares of Energy Fuels by 3,820.9% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,686 shares of the company’s stock valued at $26,000 after buying an additional 1,643 shares in the last quarter. SBI Securities Co. Ltd. lifted its position in Energy Fuels by 27.5% during the 2nd quarter. SBI Securities Co. Ltd. now owns 6,238 shares of the company’s stock valued at $36,000 after acquiring an additional 1,344 shares during the period. ORG Partners LLC boosted its stake in Energy Fuels by 111.4% during the third quarter. ORG Partners LLC now owns 2,410 shares of the company’s stock worth $40,000 after acquiring an additional 1,270 shares in the last quarter. Fulcrum Asset Management LLP purchased a new stake in Energy Fuels in the third quarter worth about $40,000. Finally, Bessemer Group Inc. increased its stake in shares of Energy Fuels by 19,230.8% during the second quarter. Bessemer Group Inc. now owns 7,539 shares of the company’s stock valued at $43,000 after purchasing an additional 7,500 shares in the last quarter. 48.24% of the stock is owned by hedge funds and other institutional investors.

Energy Fuels Company Profile

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.