Energy Fuels (NYSEAMERICAN:UUUU) Stock Price Up 5.6% – Time to Buy?

Energy Fuels Inc. (NYSEAMERICAN:UUUU)’s share price rose 5.6% during trading on Monday . The company traded as high as $4.40 and last traded at $4.36. Approximately 840,201 shares changed hands during trading, a decline of 89% from the average daily volume of 7,950,492 shares. The stock had previously closed at $4.13.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. HC Wainwright lowered their price target on shares of Energy Fuels from $11.00 to $10.75 and set a “buy” rating on the stock in a report on Friday, February 28th. Roth Capital set a $5.75 price target on Energy Fuels in a research report on Friday, February 28th. Finally, Roth Mkm upgraded Energy Fuels from a “neutral” rating to a “buy” rating and set a $5.75 price objective on the stock in a research report on Friday, February 28th.

Energy Fuels Stock Performance

The firm has a market capitalization of $852.38 million, a PE ratio of -19.50 and a beta of 1.68. The stock’s 50 day simple moving average is $5.16 and its two-hundred day simple moving average is $5.54.

Insider Activity at Energy Fuels

In other Energy Fuels news, VP Daniel Kapostasy sold 12,350 shares of the stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $4.10, for a total transaction of $50,635.00. Following the completion of the transaction, the vice president now owns 57,705 shares of the company’s stock, valued at $236,590.50. This trade represents a 17.63 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Alex G. Morrison sold 17,500 shares of the business’s stock in a transaction that occurred on Wednesday, December 18th. The shares were sold at an average price of $5.72, for a total transaction of $100,100.00. Following the completion of the sale, the director now directly owns 165,528 shares in the company, valued at $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. Over the last three months, insiders have sold 39,850 shares of company stock worth $205,135. Insiders own 1.92% of the company’s stock.

Hedge Funds Weigh In On Energy Fuels

Several institutional investors have recently bought and sold shares of UUUU. JPMorgan Chase & Co. grew its stake in shares of Energy Fuels by 217.3% in the third quarter. JPMorgan Chase & Co. now owns 223,061 shares of the company’s stock worth $1,225,000 after acquiring an additional 152,751 shares in the last quarter. Barclays PLC increased its holdings in Energy Fuels by 126.6% during the 3rd quarter. Barclays PLC now owns 412,137 shares of the company’s stock worth $2,262,000 after purchasing an additional 230,259 shares during the period. Robertson Stephens Wealth Management LLC raised its position in Energy Fuels by 3.7% in the 4th quarter. Robertson Stephens Wealth Management LLC now owns 1,579,919 shares of the company’s stock valued at $8,105,000 after purchasing an additional 55,709 shares in the last quarter. Bridgewater Associates LP boosted its stake in shares of Energy Fuels by 8.8% in the 3rd quarter. Bridgewater Associates LP now owns 1,656,516 shares of the company’s stock valued at $9,094,000 after buying an additional 134,531 shares during the period. Finally, Geode Capital Management LLC grew its position in shares of Energy Fuels by 14.1% during the third 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 in the last quarter. 48.24% of the stock is owned by institutional investors and hedge funds.

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.