Energy Fuels (NYSE:UUUU) Shares Gap Up – Here’s Why

Shares of Energy Fuels Inc. (NYSE:UUUU) gapped up before the market opened 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 changing hands.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on UUUU shares. Roth Mkm lowered their price target 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. HC Wainwright lifted their price objective on Energy Fuels from $10.75 to $11.00 and gave the company a “buy” rating in a research note on Monday, November 4th.

Energy Fuels Price Performance

The firm’s 50 day moving average price is $6.19 and its 200 day moving average price is $5.80. The stock has a market capitalization of $1.45 billion, a P/E ratio of -33.32 and a beta of 1.60.

Energy Fuels (NYSE:UUUU) last released its earnings results on Thursday, October 31st. The company reported ($0.07) EPS for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.02). The firm had revenue of $4.05 million during the quarter, compared to analysts’ expectations 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 research analysts forecast that Energy Fuels Inc. will post -0.1 earnings per share for the current year.

Insider Transactions at Energy Fuels

In other news, Director Dennis Lyle Higgs sold 18,615 shares of the company’s 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 sale, the director now owns 291,422 shares of the company’s stock, valued at $2,106,981.06. This represents a 6.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 1.92% of the company’s stock.

Institutional Investors Weigh In On Energy Fuels

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. BNP Paribas Financial Markets increased its holdings in Energy Fuels by 6.0% in the 3rd quarter. BNP Paribas Financial Markets now owns 29,353 shares of the company’s stock valued at $161,000 after acquiring an additional 1,653 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its stake in Energy Fuels by 2.5% in the third quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 94,287 shares of the company’s stock worth $518,000 after purchasing an additional 2,309 shares during the last quarter. FMR LLC boosted its holdings in Energy Fuels by 3.1% during the 3rd quarter. FMR LLC now owns 82,754 shares of the company’s stock valued at $455,000 after acquiring an additional 2,520 shares during the period. Sequoia Financial Advisors LLC increased its stake in Energy Fuels by 14.6% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 23,628 shares of the company’s stock worth $143,000 after buying an additional 3,014 shares during the period. Finally, Vontobel Holding Ltd. boosted its holdings in shares of Energy Fuels by 12.4% in the third quarter. Vontobel Holding Ltd. now owns 33,999 shares of the company’s stock valued at $187,000 after purchasing an additional 3,752 shares during the period. Institutional investors 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.