Energy Fuels (NYSEAMERICAN:UUUU) Shares Gap Down – Time to Sell?

Energy Fuels Inc (NYSEAMERICAN:UUUU)’s share price gapped down prior to trading on Wednesday . The stock had previously closed at $23.52, but opened at $22.66. Energy Fuels shares last traded at $22.75, with a volume of 7,786,001 shares changing hands.

Analyst Ratings Changes

Several research analysts have commented on UUUU shares. B. Riley raised their price objective on Energy Fuels to $27.00 and gave the company a “buy” rating in a research report on Tuesday. HC Wainwright restated a “buy” rating and issued a $26.75 price target on shares of Energy Fuels in a research report on Friday, January 9th. Finally, Roth Capital set a $13.00 price target on shares of Energy Fuels in a report on Thursday, January 15th. Three investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $18.13.

Energy Fuels Trading Down 5.1%

The stock has a market capitalization of $5.30 billion, a price-to-earnings ratio of -45.55 and a beta of 1.47. The stock’s 50 day moving average is $16.07 and its two-hundred day moving average is $14.51.

Insiders Place Their Bets

In related news, Director Alex G. Morrison sold 38,869 shares of the company’s stock in a transaction dated Monday, December 15th. The shares were sold at an average price of $14.32, for a total value of $556,604.08. Following the sale, the director owned 110,878 shares in the company, valued at $1,587,772.96. This represents a 25.96% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Mark Chalmers sold 150,000 shares of the stock in a transaction dated Wednesday, November 19th. The shares were sold at an average price of $15.60, for a total transaction of $2,340,000.00. Following the transaction, the chief executive officer owned 911,343 shares of the company’s stock, valued at approximately $14,216,950.80. The trade was a 14.13% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 463,119 shares of company stock worth $6,935,437 over the last three months. Insiders own 1.92% of the company’s stock.

Hedge Funds Weigh In On Energy Fuels

Hedge funds have recently bought and sold shares of the business. Register Financial Advisors LLC purchased a new stake in Energy Fuels in the fourth quarter worth about $196,000. Accel Wealth Management lifted its holdings in Energy Fuels by 5.3% during the 4th quarter. Accel Wealth Management now owns 29,522 shares of the company’s stock valued at $429,000 after buying an additional 1,480 shares in the last quarter. Louisbourg Investments Inc. purchased a new position in Energy Fuels during the 4th quarter valued at about $4,412,000. Nisa Investment Advisors LLC raised its holdings in Energy Fuels by 71.7% in the fourth quarter. Nisa Investment Advisors LLC now owns 4,693 shares of the company’s stock worth $68,000 after purchasing an additional 1,960 shares in the last quarter. Finally, SG Americas Securities LLC raised its stake in Energy Fuels by 11.1% in the fourth quarter. SG Americas Securities LLC now owns 739,355 shares of the company’s stock valued at $10,750,000 after buying an additional 73,939 shares during the last quarter. Hedge funds and other institutional investors own 48.24% of the company’s stock.

Energy Fuels Company Profile

Energy Fuels Inc (NYSE American: UUUU) is a U.S.-based mineral resources company focused on the production and processing of uranium, rare earth elements and other strategic minerals. The company’s core business activity centers on supplying nuclear fuel to power generators, leveraging a diversified portfolio of conventional and in-situ recovery (ISR) uranium mines located primarily on the Colorado Plateau, in Wyoming and in Texas.

At the heart of Energy Fuels’ operations is the White Mesa Mill in southeastern Utah, the only conventional uranium-vanadium mill currently permitted and operating in the United States.