Energy Fuels (NYSE:UUUU) Stock Price Up 5.1% – Should You Buy?

Energy Fuels Inc. (NYSE:UUUU)’s share price was up 5.1% during trading on Wednesday . The company traded as high as $5.55 and last traded at $5.54. Approximately 1,515,654 shares changed hands during trading, a decline of 71% from the average daily volume of 5,248,294 shares. The stock had previously closed at $5.27.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. HC Wainwright reaffirmed a “buy” rating and issued a $11.00 target price on shares of Energy Fuels in a report on Wednesday, December 11th. Roth Mkm cut their target price on Energy Fuels from $6.00 to $5.50 and set a “neutral” rating for the company in a research note on Monday, November 4th.

Energy Fuels Stock Performance

The company has a market capitalization of $1.10 billion, a PE ratio of -25.34 and a beta of 1.71. The stock’s fifty day simple moving average is $5.88 and its 200-day simple moving average is $5.63.

Energy Fuels (NYSE:UUUU) last announced its quarterly earnings data on Thursday, October 31st. The company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by ($0.02). Energy Fuels had a negative net margin of 90.40% and a negative return on equity of 9.16%. On average, equities analysts anticipate that Energy Fuels Inc. will post -0.1 EPS for the current year.

Insiders Place Their Bets

In other Energy Fuels news, Director Dennis Lyle Higgs sold 18,615 shares of the company’s stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $7.23, for a total transaction of $134,586.45. Following the completion of the sale, the director now directly owns 291,422 shares in the company, valued at $2,106,981.06. This represents a 6.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Alex G. Morrison sold 17,500 shares of the firm’s stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of $5.72, for a total value of $100,100.00. Following the completion of the transaction, the director now owns 165,528 shares in the company, valued at approximately $946,820.16. This trade represents a 9.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.92% of the stock is owned by corporate insiders.

Institutional Trading of Energy Fuels

A number of institutional investors have recently added to or reduced their stakes in the business. Renaissance Technologies LLC acquired a new stake in Energy Fuels in the second quarter valued at approximately $415,000. Bank of Montreal Can boosted its stake in shares of Energy Fuels by 12.6% in the second quarter. Bank of Montreal Can now owns 440,637 shares of the company’s stock valued at $2,695,000 after purchasing an additional 49,386 shares during the period. Xponance Inc. acquired a new stake in Energy Fuels during the 2nd quarter valued at $61,000. Marshall Wace LLP purchased a new stake in Energy Fuels during the 2nd quarter worth $890,000. Finally, Toronto Dominion Bank lifted its holdings in Energy Fuels by 328.0% in the 2nd quarter. Toronto Dominion Bank now owns 14,141 shares of the company’s stock worth $86,000 after buying an additional 10,837 shares in the last quarter. 48.24% of the stock is owned by hedge funds and other institutional investors.

About Energy Fuels

Energy Fuels Inc, together with its subsidiaries, engages in the extraction, recovery, recycling, exploration, permitting, evaluation, and sale of uranium mineral properties in the United States. The company produces and sells vanadium pentoxide, rare earth elements, and heavy mineral sands, such as ilmenite, rutile, zircon, and monazite.