Energy Fuels (NYSE:UUUU) Trading Down 3.5% – Should You Sell?

Shares of Energy Fuels Inc. (NYSE:UUUU) fell 3.5% during trading on Friday . The stock traded as low as $5.65 and last traded at $5.68. 1,706,711 shares changed hands during mid-day trading, a decline of 67% from the average session volume of 5,162,472 shares. The stock had previously closed at $5.88.

Wall Street Analysts Forecast Growth

UUUU has been the subject of several analyst reports. HC Wainwright reissued a “buy” rating and issued a $11.00 price objective on shares of Energy Fuels in a research note on Wednesday, December 11th. Roth Mkm cut their price objective on shares of Energy Fuels from $6.00 to $5.50 and set a “neutral” rating on the stock in a report on Monday, November 4th.

Energy Fuels Stock Performance

The firm has a market capitalization of $1.13 billion, a PE ratio of -25.93 and a beta of 1.71. The firm’s 50 day moving average price is $6.00 and its 200-day moving average price is $5.65.

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

Insider Buying and Selling

In other news, Director Alex G. Morrison sold 17,500 shares of the firm’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 transaction, the director now directly 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 sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Dennis Lyle Higgs sold 18,615 shares of the stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $7.23, for a total transaction of $134,586.45. Following the sale, the director now owns 291,422 shares of the company’s stock, valued at approximately $2,106,981.06. This represents a 6.00 % decrease in their position. The disclosure for this sale can be found here. 1.92% of the stock is owned by insiders.

Institutional Investors Weigh In On Energy Fuels

Several hedge funds have recently made changes to their positions in UUUU. Renaissance Technologies LLC acquired a new position in Energy Fuels during the second quarter worth about $415,000. Bank of Montreal Can lifted its holdings 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 in the last quarter. Xponance Inc. acquired a new position in shares of Energy Fuels during the 2nd quarter worth approximately $61,000. Marshall Wace LLP acquired a new stake in Energy Fuels during the 2nd quarter valued at $890,000. Finally, Toronto Dominion Bank increased its position in Energy Fuels by 328.0% during the second 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. 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.