Energy Fuels (NYSE:UUUU) Shares Up 7.8% – What’s Next?

Energy Fuels Inc. (NYSE:UUUU) rose 7.8% on Thursday . The stock traded as high as $5.58 and last traded at $5.53. Approximately 1,827,308 shares were traded during trading, a decline of 44% from the average daily volume of 3,282,057 shares. The stock had previously closed at $5.13.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on UUUU. HC Wainwright restated a “buy” rating and set a $11.00 price target on shares of Energy Fuels in a report on Wednesday, December 11th. Roth Mkm dropped their price target on shares of 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 Trading Up 9.6 %

The company has a 50-day simple moving average of $6.23 and a 200 day simple moving average of $5.71. The company has a market cap of $1.11 billion, a P/E ratio of -25.55 and a beta of 1.64.

Energy Fuels (NYSE:UUUU) last posted its quarterly earnings results on Thursday, October 31st. The company reported ($0.07) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.02). The company had revenue of $4.05 million during the quarter, compared to analysts’ expectations of $5.10 million. Energy Fuels had a negative return on equity of 9.16% and a negative net margin of 90.40%. On average, equities analysts forecast that Energy Fuels Inc. will post -0.1 EPS for the current fiscal year.

Insider Activity at Energy Fuels

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

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the stock. Van ECK Associates Corp lifted its position in Energy Fuels by 84.8% during the third quarter. Van ECK Associates Corp now owns 2,360,881 shares of the company’s stock valued at $12,961,000 after acquiring an additional 1,083,480 shares during the last quarter. The Manufacturers Life Insurance Company increased its position in shares of Energy Fuels by 233.1% during the third quarter. The Manufacturers Life Insurance Company now owns 904,190 shares of the company’s stock worth $4,966,000 after purchasing an additional 632,713 shares in the last quarter. Lloyd Harbor Capital Management LLC purchased a new stake in shares of Energy Fuels during the 2nd quarter valued at $2,787,000. Stanley Laman Group Ltd. boosted its position in shares of Energy Fuels by 65.2% in the 3rd quarter. Stanley Laman Group Ltd. now owns 785,521 shares of the company’s stock worth $4,313,000 after purchasing an additional 309,958 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in Energy Fuels by 14.1% during the 3rd quarter. Geode Capital Management LLC now owns 2,318,522 shares of the company’s stock worth $12,731,000 after buying an additional 285,680 shares during the last quarter. 48.24% of the stock is owned by institutional investors.

Energy Fuels Company Profile

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.