Energy Fuels (NYSEAMERICAN:UUUU) Shares Gap Up – Should You Buy?

Energy Fuels Inc (NYSEAMERICAN:UUUU) gapped up prior to trading on Wednesday . The stock had previously closed at $21.76, but opened at $23.10. Energy Fuels shares last traded at $22.21, with a volume of 5,976,155 shares trading hands.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. HC Wainwright reiterated a “buy” rating and set a $26.75 price target on shares of Energy Fuels in a report on Friday, January 9th. B. Riley Financial lifted their target price on shares of Energy Fuels to $27.00 and gave the company a “buy” rating in a research note on Tuesday, January 20th. Roth Mkm upgraded shares of Energy Fuels from a “sell” rating to a “neutral” rating and increased their price target for the stock from $13.00 to $15.50 in a research note on Wednesday, January 28th. Finally, The Goldman Sachs Group assumed coverage on shares of Energy Fuels in a report on Tuesday. They set a “buy” rating and a $30.00 price target on the stock. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $24.81.

Energy Fuels Price Performance

The company has a market cap of $5.20 billion, a price-to-earnings ratio of -44.75 and a beta of 1.45. The firm has a fifty day simple moving average of $18.64 and a 200 day simple moving average of $16.11.

Insiders Place Their Bets

In related news, CEO Mark Chalmers sold 150,000 shares of Energy Fuels stock in a transaction on 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 transaction, the chief executive officer owned 911,343 shares in the company, valued at $14,216,950.80. This trade represents a 14.13% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Curtis Moore sold 25,000 shares of the company’s stock in a transaction dated Monday, November 17th. The shares were sold at an average price of $15.58, for a total transaction of $389,500.00. Following 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 disclosure for this sale is available in the SEC filing. Insiders sold a total of 463,119 shares of company stock worth $6,935,437 in the last ninety days. 1.92% of the stock is owned by insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. TD Waterhouse Canada Inc. grew its stake in shares of Energy Fuels by 1.7% in the fourth quarter. TD Waterhouse Canada Inc. now owns 30,574 shares of the company’s stock worth $442,000 after acquiring an additional 500 shares during the last quarter. IFP Advisors Inc grew its position in Energy Fuels by 7.7% in the 4th quarter. IFP Advisors Inc now owns 7,173 shares of the company’s stock worth $104,000 after purchasing an additional 511 shares during the last quarter. Harbour Investments Inc. increased its holdings in shares of Energy Fuels by 74.5% during the 4th quarter. Harbour Investments Inc. now owns 1,736 shares of the company’s stock worth $25,000 after purchasing an additional 741 shares during the period. Ameritas Advisory Services LLC raised its position in shares of Energy Fuels by 18.8% during the third quarter. Ameritas Advisory Services LLC now owns 4,750 shares of the company’s stock valued at $73,000 after buying an additional 750 shares during the last quarter. Finally, PNC Financial Services Group Inc. lifted its stake in shares of Energy Fuels by 10.3% in the third quarter. PNC Financial Services Group Inc. now owns 9,538 shares of the company’s stock valued at $146,000 after buying an additional 889 shares during the period. 48.24% of the stock is currently owned by institutional investors and hedge funds.

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.