Energy Fuels (NYSEAMERICAN:UUUU) CEO Ross Bhappu Acquires 74,000 Shares of Stock

Energy Fuels Inc (NYSEAMERICAN:UUUU) CEO Ross Bhappu acquired 74,000 shares of Energy Fuels stock in a transaction that occurred on Tuesday, July 7th. The shares were purchased at an average cost of $13.08 per share, with a total value of $967,920.00. Following the purchase, the chief executive officer owned 256,583 shares of the company’s stock, valued at $3,356,105.64. This represents a 40.53% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Energy Fuels Stock Performance

Energy Fuels stock opened at $13.49 on Friday. Energy Fuels Inc has a 1-year low of $6.00 and a 1-year high of $27.90. The company has a current ratio of 27.51, a quick ratio of 25.59 and a debt-to-equity ratio of 0.93. The firm has a market capitalization of $3.37 billion, a PE ratio of -46.52 and a beta of 1.49. The firm’s 50 day simple moving average is $16.99 and its 200 day simple moving average is $18.90.

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

Analysts Set New Price Targets

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

Institutional Trading of Energy Fuels

A number of hedge funds have recently made changes to their positions in UUUU. Harbour Investments Inc. increased its stake 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 acquiring an additional 741 shares during the last quarter. Smartleaf Asset Management LLC lifted its stake in Energy Fuels by 75.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,757 shares of the company’s stock worth $25,000 after purchasing an additional 758 shares during the last quarter. Mcguire Capital Advisors Inc. purchased a new position in shares of Energy Fuels in the 4th quarter worth about $27,000. State of Wyoming purchased a new position in shares of Energy Fuels in the 4th quarter worth about $34,000. Finally, EFG International AG bought a new position in shares of Energy Fuels during the 4th quarter valued at about $36,000. 48.24% of the stock is owned by institutional investors.

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.