Energy Fuels (NYSEAMERICAN:UUUU) Trading Down 5.3% – What’s Next?

Energy Fuels Inc (NYSEAMERICAN:UUUU)’s stock price fell 5.3% on Tuesday . The company traded as low as $21.81 and last traded at $21.87. 5,844,106 shares were traded during trading, a decline of 66% from the average session volume of 17,344,803 shares. The stock had previously closed at $23.10.

Analysts Set New Price Targets

Several research analysts have commented on the stock. HC Wainwright reissued a “buy” rating and set a $26.75 price objective on shares of Energy Fuels in a report on Friday, January 9th. B. Riley Financial increased their price target on Energy Fuels to $27.00 and gave the company a “buy” rating in a research note on Tuesday, January 20th. Finally, Roth Mkm raised Energy Fuels from a “sell” rating to a “neutral” rating and lifted their price objective for the stock from $13.00 to $15.50 in a research note on Wednesday, January 28th. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $23.08.

Energy Fuels Stock Down 5.4%

The company has a market capitalization of $5.19 billion, a PE ratio of -44.61 and a beta of 1.45. The firm’s 50 day simple moving average is $18.51 and its 200 day simple moving average is $16.03.

Insider Buying and Selling

In other Energy Fuels news, VP Curtis Moore sold 25,000 shares of the firm’s stock in a transaction dated Monday, November 17th. The shares were sold at an average price of $15.58, for a total value of $389,500.00. Following the completion of the sale, the vice president owned 119,193 shares of the company’s stock, valued at $1,857,026.94. This trade represents a 17.34% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Timothy James Carstens sold 59,594 shares of the company’s stock in a transaction that occurred on Wednesday, December 10th. The shares were sold at an average price of $14.93, for a total value of $889,738.42. Following the transaction, the executive vice president directly owned 107,435 shares in the company, valued at approximately $1,604,004.55. This represents a 35.68% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 463,119 shares of company stock worth $6,935,437 over the last three months. 1.92% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Energy Fuels

Hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its stake in shares of Energy Fuels by 26.1% during the fourth quarter. Vanguard Group Inc. now owns 14,978,848 shares of the company’s stock valued at $217,449,000 after acquiring an additional 3,095,806 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Energy Fuels by 11.5% during the 3rd 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 holdings in shares of Energy Fuels by 35.4% in the 3rd quarter. Van ECK Associates Corp now owns 10,194,742 shares of the company’s stock worth $156,489,000 after buying an additional 2,664,735 shares during the period. Ameriprise Financial Inc. grew its position in shares of Energy Fuels by 4.7% during the 2nd 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 stake in shares of Energy Fuels by 93.6% during the second 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. 48.24% of the stock is currently owned by institutional investors.

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.