Energy Fuels (NYSEAMERICAN:UUUU) Shares Gap Up Following Insider Buying Activity

Shares of Energy Fuels Inc (NYSEAMERICAN:UUUU) gapped up prior to trading on Friday following insider buying activity. The stock had previously closed at $13.49, but opened at $14.10. Energy Fuels shares last traded at $13.80, with a volume of 1,523,264 shares trading hands.

Specifically, CEO Ross R. Bhappu bought 74,000 shares of the firm’s stock in a transaction that occurred on Tuesday, July 7th. The shares were acquired at an average price of $13.08 per share, with a total value of $967,920.00. Following the acquisition, the chief executive officer owned 256,583 shares of the company’s stock, valued at approximately $3,356,105.64. The trade was a 40.53% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Bruce D. Hansen bought 4,000 shares of the stock in a transaction on Wednesday, July 8th. The stock was purchased at an average price of $12.70 per share, for a total transaction of $50,800.00. Following the completion of the purchase, the director directly owned 313,844 shares in the company, valued at approximately $3,985,818.80. This represents a 1.29% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Roth Capital set a $16.00 price target on shares of Energy Fuels in a research report on Thursday, June 25th. The Goldman Sachs Group lowered their price objective on Energy Fuels from $29.00 to $21.00 and set a “buy” rating on the stock in a research report on Friday, June 12th. Finally, HC Wainwright reissued a “buy” rating and set a $29.00 price objective on shares of Energy Fuels in a research note on Monday, June 22nd. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $23.25.

Energy Fuels Stock Performance

The company’s 50-day moving average is $16.99 and its two-hundred day moving average is $18.90. The company has a market capitalization of $3.42 billion, a P/E ratio of -47.17 and a beta of 1.49. The company has a quick ratio of 25.59, a current ratio of 27.51 and a debt-to-equity ratio of 0.93.

Energy Fuels (NYSEAMERICAN:UUUU) last announced its earnings results on Wednesday, May 6th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.02). Energy Fuels had a negative net margin of 83.26% and a negative return on equity of 10.23%. The company had revenue of $35.84 million for the quarter. During the same period in the previous year, the firm posted ($0.13) EPS. Energy Fuels’s revenue was up 112.1% compared to the same quarter last year. Equities analysts anticipate that Energy Fuels Inc will post -0.14 earnings per share for the current fiscal year.

Institutional Trading of Energy Fuels

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Harbour Investments Inc. boosted its holdings in Energy Fuels by 74.5% during the 4th quarter. Harbour Investments Inc. now owns 1,736 shares of the company’s stock valued at $25,000 after acquiring an additional 741 shares during the period. Smartleaf Asset Management LLC grew its position in Energy Fuels by 75.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,757 shares of the company’s stock worth $25,000 after acquiring an additional 758 shares during the last quarter. Mcguire Capital Advisors Inc. purchased a new position in Energy Fuels in the 4th quarter worth approximately $27,000. State of Wyoming purchased a new position in Energy Fuels in the 4th quarter worth approximately $34,000. Finally, EFG International AG bought a new stake in Energy Fuels in the fourth quarter valued at approximately $36,000. Hedge funds and other institutional investors own 48.24% of the company’s stock.

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.