Energy Fuels (NYSE:UUUU) Stock Price Up 7.8% – Still a Buy?

Energy Fuels Inc. (NYSE:UUUU) was up 7.8% during trading on Thursday . The company traded as high as $5.58 and last traded at $5.53. Approximately 1,827,308 shares changed hands during mid-day 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 equities research analysts have recently weighed in on UUUU shares. Roth Mkm decreased their price target 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. HC Wainwright reissued a “buy” rating and set a $11.00 target price on shares of Energy Fuels in a research report on Wednesday, December 11th.

Energy Fuels Trading Up 1.1 %

The firm has a 50-day moving average of $6.22 and a 200 day moving average of $5.71. The company has a market cap of $1.13 billion, a P/E ratio of -26.09 and a beta of 1.64.

Energy Fuels (NYSE:UUUU) last issued its quarterly earnings results 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). The business had revenue of $4.05 million during the quarter, compared to analyst estimates of $5.10 million. Energy Fuels had a negative net margin of 90.40% and a negative return on equity of 9.16%. On average, equities analysts predict that Energy Fuels Inc. will post -0.1 EPS for the current year.

Insider Transactions at Energy Fuels

In other news, Director Dennis Lyle Higgs sold 18,615 shares of Energy Fuels stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $7.23, for a total transaction of $134,586.45. Following the completion of the transaction, the director now directly owns 291,422 shares in the company, 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 Securities & Exchange Commission, which is available through this hyperlink. Also, Director Alex G. Morrison sold 17,500 shares of the business’s stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of $5.72, for a total transaction of $100,100.00. Following the sale, the director now directly owns 165,528 shares of the company’s stock, valued at approximately $946,820.16. The trade was a 9.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.92% of the company’s stock.

Hedge Funds Weigh In On Energy Fuels

A number of hedge funds have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp lifted its stake in Energy Fuels by 20.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 573,284 shares of the company’s stock valued at $3,474,000 after acquiring an additional 98,895 shares in the last quarter. Rhumbline Advisers lifted its position in shares of Energy Fuels by 17.3% during the second quarter. Rhumbline Advisers now owns 277,744 shares of the company’s stock valued at $1,683,000 after purchasing an additional 40,915 shares in the last quarter. TD Asset Management Inc boosted its holdings in Energy Fuels by 1.6% during the second quarter. TD Asset Management Inc now owns 437,739 shares of the company’s stock worth $2,652,000 after purchasing an additional 6,808 shares during the last quarter. Ausdal Financial Partners Inc. bought a new stake in Energy Fuels in the 2nd quarter worth about $74,000. Finally, Ashton Thomas Private Wealth LLC bought a new position in shares of Energy Fuels during the 2nd quarter worth approximately $31,000. Institutional investors and hedge funds own 48.24% of the company’s stock.

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.