Energy Fuels (NYSEAMERICAN:UUUU) Shares Down 7% – What’s Next?

Energy Fuels Inc (NYSEAMERICAN:UUUU)’s stock price fell 7% during trading on Friday . The company traded as low as $15.17 and last traded at $15.17. 7,824,960 shares were traded during trading, a decline of 43% from the average session volume of 13,643,504 shares. The stock had previously closed at $16.32.

Wall Street Analysts Forecast Growth

UUUU has been the topic of several recent research reports. Roth Capital cut shares of Energy Fuels from a “neutral” rating to a “sell” rating and raised their target price for the stock from $7.25 to $11.50 in a report on Wednesday, November 5th. HC Wainwright lowered their price objective on Energy Fuels to $26.75 and set a “buy” rating on the stock in a research note on Tuesday, November 4th. One 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 stock. According to data from MarketBeat.com, Energy Fuels currently has a consensus rating of “Moderate Buy” and a consensus target price of $13.25.

Energy Fuels Stock Performance

The stock has a fifty day simple moving average of $17.66 and a two-hundred day simple moving average of $11.79. The stock has a market capitalization of $3.58 billion, a price-to-earnings ratio of -31.67 and a beta of 1.68.

Insiders Place Their Bets

In other 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 sale, the chief executive officer owned 911,343 shares in the company, valued at $14,216,950.80. This represents a 14.13% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Alex G. Morrison sold 38,739 shares of the firm’s stock in a transaction dated Monday, November 17th. The shares were sold at an average price of $15.20, for a total transaction of $588,832.80. Following the transaction, the director directly owned 149,747 shares in the company, valued at $2,276,154.40. The trade was a 20.55% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 409,656 shares of company stock worth $6,112,645 in the last three months. 1.77% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Energy Fuels

Several institutional investors and hedge funds have recently added to or reduced their stakes in UUUU. Cetera Investment Advisers grew its holdings in shares of Energy Fuels by 23.5% in the first quarter. Cetera Investment Advisers now owns 132,527 shares of the company’s stock valued at $494,000 after acquiring an additional 25,181 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Energy Fuels by 13.0% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 103,773 shares of the company’s stock worth $384,000 after buying an additional 11,914 shares during the last quarter. Mackenzie Financial Corp grew its position in Energy Fuels by 8.1% during the first quarter. Mackenzie Financial Corp now owns 117,836 shares of the company’s stock valued at $437,000 after buying an additional 8,801 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in Energy Fuels by 1.7% during the first quarter. Charles Schwab Investment Management Inc. now owns 459,326 shares of the company’s stock worth $1,713,000 after buying an additional 7,817 shares during the last quarter. Finally, MMCAP International Inc. SPC boosted its stake in Energy Fuels by 47.7% in the first quarter. MMCAP International Inc. SPC now owns 2,220,525 shares of the company’s stock valued at $8,283,000 after acquiring an additional 716,714 shares during the last quarter. Hedge funds and other institutional investors own 48.24% of the company’s stock.

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.