Energy Fuels (NYSEAMERICAN:UUUU) Stock Price Up 5.7% – Time to Buy?

Energy Fuels Inc (NYSEAMERICAN:UUUU)’s share price was up 5.7% during mid-day trading on Wednesday . The stock traded as high as $25.97 and last traded at $25.54. Approximately 6,260,931 shares changed hands during mid-day trading, a decline of 62% from the average daily volume of 16,520,443 shares. The stock had previously closed at $24.16.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. HC Wainwright reissued a “buy” rating and set a $26.75 target price on shares of Energy Fuels in a research note on Friday, January 9th. Roth Mkm raised Energy Fuels from a “sell” rating to a “neutral” rating and boosted their price target for the stock from $13.00 to $15.50 in a research report on Wednesday. Finally, B. Riley increased their target price on shares of Energy Fuels to $27.00 and gave the company a “buy” rating in a research report on Tuesday, January 20th. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, Energy Fuels currently has a consensus rating of “Moderate Buy” and a consensus target price of $23.08.

Energy Fuels Stock Down 9.8%

The stock has a 50-day simple moving average of $17.60 and a 200 day simple moving average of $15.40.

Insiders Place Their Bets

In related news, CEO Mark Chalmers sold 150,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 19th. The stock was sold at an average price of $15.60, for a total transaction of $2,340,000.00. Following the completion of 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Timothy James Carstens sold 100,000 shares of the business’s 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 completion of the sale, the executive vice president owned 167,029 shares in the company, valued at $2,383,503.83. This represents a 37.45% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 463,119 shares of company stock worth $6,935,437 in the last 90 days. 1.77% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Wealthfront Advisers LLC grew its stake in shares of Energy Fuels by 6.2% during the fourth quarter. Wealthfront Advisers LLC now owns 19,020 shares of the company’s stock worth $277,000 after purchasing an additional 1,114 shares during the period. D.A. Davidson & CO. raised its position in shares of Energy Fuels by 5.0% during the fourth quarter. D.A. Davidson & CO. now owns 30,698 shares of the company’s stock worth $446,000 after purchasing an additional 1,464 shares during the period. Pictet Asset Management Holding SA raised its holdings in shares of Energy Fuels by 12.3% during the fourth quarter. Pictet Asset Management Holding SA now owns 44,420 shares of the company’s stock worth $644,000 after acquiring an additional 4,858 shares during the period. Teachers Retirement System of The State of Kentucky acquired a new position in shares of Energy Fuels during the fourth quarter worth about $530,000. Finally, Vanguard Group Inc. boosted its position in Energy Fuels by 26.1% during the 4th quarter. Vanguard Group Inc. now owns 14,978,848 shares of the company’s stock worth $217,449,000 after acquiring an additional 3,095,806 shares during the last quarter. 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.