The Goldman Sachs Group Initiates Coverage on Energy Fuels (NYSEAMERICAN:UUUU)

Stock analysts at The Goldman Sachs Group assumed coverage on shares of Energy Fuels (NYSEAMERICAN:UUUU) in a research note issued to investors on Tuesday, MarketBeat.com reports. The brokerage set a “buy” rating and a $30.00 price target on the stock. The Goldman Sachs Group’s price target would suggest a potential upside of 33.57% from the company’s previous close.

UUUU has been the subject of several other reports. Roth Mkm upgraded Energy Fuels from a “sell” rating to a “neutral” rating and boosted their target price for the stock from $13.00 to $15.50 in a research report on Wednesday, January 28th. 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. Finally, B. Riley Financial raised 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. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $24.81.

Energy Fuels Price Performance

Shares of NYSEAMERICAN:UUUU opened at $22.46 on Tuesday. The firm has a fifty day moving average price of $18.79 and a two-hundred day moving average price of $16.15. The company has a market cap of $5.33 billion, a price-to-earnings ratio of -45.84 and a beta of 1.45. Energy Fuels has a one year low of $3.20 and a one year high of $27.90.

Insider Buying and Selling at Energy Fuels

In other news, CEO Mark Chalmers sold 150,000 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the chief executive officer directly owned 911,343 shares in the company, valued at approximately $14,216,950.80. The trade was a 14.13% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Timothy James Carstens sold 100,000 shares of the stock in a transaction on Thursday, November 20th. The shares were sold at an average price of $14.27, for a total transaction of $1,427,000.00. Following the transaction, the executive vice president directly owned 167,029 shares in the company, valued at approximately $2,383,503.83. This represents a 37.45% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 463,119 shares of company stock valued at $6,935,437. 1.77% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Energy Fuels

Large investors have recently added to or reduced their stakes in the company. Moody Aldrich Partners LLC purchased a new position in Energy Fuels during the 3rd quarter valued at about $2,369,000. CenterBook Partners LP bought a new stake in shares of Energy Fuels in the 2nd quarter worth approximately $6,037,000. Intact Investment Management Inc. purchased a new position in shares of Energy Fuels during the third quarter valued at approximately $1,186,000. Geode Capital Management LLC raised its holdings in shares of Energy Fuels by 11.4% during the second quarter. Geode Capital Management LLC now owns 2,662,767 shares of the company’s stock valued at $15,318,000 after acquiring an additional 272,733 shares in the last quarter. Finally, White Pine Capital LLC raised its holdings in shares of Energy Fuels by 180.5% during the second quarter. White Pine Capital LLC now owns 109,143 shares of the company’s stock valued at $628,000 after acquiring an additional 70,235 shares in the last quarter. Institutional investors own 48.24% of the company’s stock.

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.