Energy Fuels (NYSEAMERICAN:UUUU) Trading 7.2% Higher – Here’s Why

Energy Fuels Inc (NYSEAMERICAN:UUUU) was up 7.2% during mid-day trading on Tuesday . The stock traded as high as $16.02 and last traded at $15.95. Approximately 4,622,163 shares were traded during trading, a decline of 58% from the average session volume of 10,887,774 shares. The stock had previously closed at $14.88.

Analyst Upgrades and Downgrades

UUUU has been the subject of a number of research analyst reports. The Goldman Sachs Group decreased their price target on Energy Fuels from $29.00 to $21.00 and set a “buy” rating for the company in a research note on Friday, June 12th. UBS Group upgraded Energy Fuels to a “neutral” rating in a report on Friday, August 14th. Zacks Research downgraded shares of Energy Fuels from a “hold” rating to a “strong sell” rating in a research report on Tuesday, August 11th. Roth Capital raised Energy Fuels from a “neutral” rating to a “buy” rating and set a $16.00 target price on the stock in a research report on Friday, August 7th. Finally, BMO Capital Markets began coverage on shares of Energy Fuels in a research note on Friday, August 14th. They set an “outperform” rating and a $18.00 price objective for the company. Five research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $21.80.

Energy Fuels Stock Performance

The company has a market cap of $4.01 billion, a price-to-earnings ratio of -50.19 and a beta of 1.53. The company has a debt-to-equity ratio of 0.85, a quick ratio of 25.87 and a current ratio of 27.90. The firm’s 50 day simple moving average is $13.63 and its 200-day simple moving average is $17.39.

Energy Fuels (NYSEAMERICAN:UUUU) last released its earnings results on Wednesday, August 5th. The company reported ($0.13) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.09). The business had revenue of $25.11 million during the quarter. Energy Fuels had a negative return on equity of 11.29% and a negative net margin of 77.75%. On average, sell-side analysts predict that Energy Fuels Inc will post -0.25 EPS for the current year.

Insider Activity

In other news, Director Bruce D. Hansen bought 4,000 shares of Energy Fuels stock in a transaction on Wednesday, July 8th. The shares were bought at an average cost of $12.70 per share, with a total value of $50,800.00. Following the completion of the purchase, the director directly owned 313,844 shares of the company’s stock, valued at approximately $3,985,818.80. This trade represents a 1.29% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Ross R. Bhappu acquired 74,000 shares of the stock in a transaction that occurred on Tuesday, July 7th. The stock was acquired at an average price of $13.08 per share, with a total value of $967,920.00. Following the completion of the transaction, the chief executive officer directly owned 256,583 shares of the company’s stock, valued at $3,356,105.64. This trade represents a 40.53% increase in their position. The SEC filing for this purchase provides additional information. 0.97% of the stock is currently owned by company insiders.

Institutional Trading of Energy Fuels

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Harbour Investments Inc. lifted its position in Energy Fuels by 74.5% in the fourth quarter. Harbour Investments Inc. now owns 1,736 shares of the company’s stock valued at $25,000 after buying an additional 741 shares during the last quarter. Smartleaf Asset Management LLC raised its stake in shares of Energy Fuels by 75.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,757 shares of the company’s stock valued at $25,000 after acquiring an additional 758 shares during the period. Mcguire Capital Advisors Inc. purchased a new stake in shares of Energy Fuels in the 4th quarter valued at approximately $27,000. State of Wyoming acquired a new position in shares of Energy Fuels in the 4th quarter worth approximately $34,000. Finally, EFG International AG purchased a new position in shares of Energy Fuels during the 4th quarter worth approximately $36,000. 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.