Energy Fuels (NYSEAMERICAN:UUUU) Trading Up 8.8% – Still a Buy?

Energy Fuels Inc (NYSEAMERICAN:UUUU)’s share price was up 8.8% on Friday . The stock traded as high as $15.30 and last traded at $15.21. Approximately 2,725,025 shares were traded during trading, a decline of 80% from the average daily volume of 13,385,207 shares. The stock had previously closed at $13.98.

Analysts Set New Price Targets

UUUU has been the topic of several research analyst reports. Roth Capital cut Energy Fuels from a “neutral” rating to a “sell” rating and increased their price objective for the stock from $7.25 to $11.50 in a research note on Wednesday, November 5th. HC Wainwright dropped their price target on Energy Fuels to $26.75 and set a “buy” rating on the stock in a research report on Tuesday, November 4th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $13.25.

Energy Fuels Trading Up 8.7%

The firm has a 50-day simple moving average of $17.21 and a 200-day simple moving average of $12.47. The firm has a market cap of $3.61 billion, a P/E ratio of -31.02 and a beta of 1.68.

Insider Activity at Energy Fuels

In other Energy Fuels news, Director Alex G. Morrison sold 38,869 shares of Energy Fuels stock in a transaction dated Monday, December 15th. The stock was sold at an average price of $14.32, for a total value of $556,604.08. Following the transaction, the director owned 110,878 shares in the company, valued at $1,587,772.96. The trade was a 25.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Dennis Lyle Higgs sold 10,000 shares of the stock in a transaction dated Tuesday, November 25th. The shares were sold at an average price of $14.39, for a total transaction of $143,900.00. Following the sale, the director directly owned 167,964 shares of the company’s stock, valued at approximately $2,417,001.96. The trade was a 5.62% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 463,119 shares of company stock valued at $6,935,437 over the last 90 days. Company insiders own 1.77% of the company’s stock.

Hedge Funds Weigh In On Energy Fuels

A number of large investors have recently made changes to their positions in UUUU. Farther Finance Advisors LLC boosted its position in shares of Energy Fuels by 3,820.9% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,686 shares of the company’s stock worth $26,000 after purchasing an additional 1,643 shares in the last quarter. ORG Partners LLC boosted its holdings in Energy Fuels by 111.4% in 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 shares of Energy Fuels during the third quarter worth about $40,000. US Bancorp DE increased its holdings in shares of Energy Fuels by 2,100.6% during the third quarter. US Bancorp DE now owns 3,653 shares of the company’s stock valued at $56,000 after acquiring an additional 3,487 shares in the last quarter. Finally, Strs Ohio purchased a new position in shares of Energy Fuels in the 3rd quarter valued at approximately $64,000. 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.