Energy Fuels (NYSE:UUUU) Shares Gap Up – Still a Buy?

Energy Fuels Inc. (NYSE:UUUU) shares gapped up prior to trading on Friday . The stock had previously closed at $6.80, but opened at $7.09. Energy Fuels shares last traded at $7.43, with a volume of 1,596,594 shares trading hands.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. HC Wainwright boosted their price target on Energy Fuels from $10.75 to $11.00 and gave the stock a “buy” rating in a research note on Monday, November 4th. Roth Mkm decreased their target price on shares of Energy Fuels from $6.00 to $5.50 and set a “neutral” rating for the company in a research report on Monday, November 4th.

Energy Fuels Price Performance

The stock has a market capitalization of $1.45 billion, a PE ratio of -33.32 and a beta of 1.60. The company’s 50 day moving average price is $6.19 and its two-hundred day moving average price is $5.80.

Energy Fuels (NYSE:UUUU) last issued 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%. The company had revenue of $4.05 million during the quarter, compared to analysts’ expectations of $5.10 million. Analysts forecast that Energy Fuels Inc. will post -0.1 earnings per share for the current year.

Insiders Place Their Bets

In other Energy Fuels news, Director Dennis Lyle Higgs sold 18,615 shares of the firm’s stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $7.23, for a total value of $134,586.45. Following the sale, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.92% of the stock is owned by company insiders.

Institutional Investors Weigh In On Energy Fuels

Several hedge funds and other institutional investors have recently made changes to their positions in UUUU. Eastern Bank purchased a new position in Energy Fuels in the third quarter valued at approximately $27,000. Lynx Investment Advisory acquired a new stake in shares of Energy Fuels in the 2nd quarter valued at about $30,000. Ashton Thomas Private Wealth LLC acquired a new position in Energy Fuels during the second quarter worth approximately $31,000. Signaturefd LLC lifted its stake in Energy Fuels by 261.7% in the third quarter. Signaturefd LLC now owns 5,972 shares of the company’s stock valued at $33,000 after buying an additional 4,321 shares during the last quarter. Finally, Northwest & Ethical Investments L.P. acquired a new stake in shares of Energy Fuels in the third quarter valued at approximately $53,000. Institutional investors and hedge funds own 48.24% of the company’s stock.

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.