HC Wainwright Reiterates Buy Rating for Energy Fuels (NYSEAMERICAN:UUUU)

Energy Fuels (NYSEAMERICAN:UUUU)‘s stock had its “buy” rating reaffirmed by equities research analysts at HC Wainwright in a note issued to investors on Friday,Benzinga reports. They presently have a $26.75 price objective on the stock. HC Wainwright’s price target would indicate a potential upside of 47.30% from the company’s current price.

Separately, Roth Capital reiterated a “sell” rating on shares of Energy Fuels in a research report on Tuesday, December 30th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Energy Fuels has an average rating of “Moderate Buy” and an average target price of $13.25.

Energy Fuels Trading Down 2.3%

Energy Fuels stock opened at $18.16 on Friday. Energy Fuels has a 12 month low of $3.20 and a 12 month high of $27.33. The stock’s 50 day moving average is $15.39 and its 200-day moving average is $13.70. The company has a market capitalization of $4.31 billion, a price-to-earnings ratio of -37.06 and a beta of 1.47.

Insiders Place Their Bets

In other news, Director Alex G. Morrison sold 38,869 shares of the business’s stock in a transaction that occurred on Monday, December 15th. The shares were sold at an average price of $14.32, for a total value of $556,604.08. Following the completion of the transaction, the director directly owned 110,878 shares in the company, valued at approximately $1,587,772.96. The trade was a 25.96% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Dennis Lyle Higgs sold 15,000 shares of the company’s stock in a transaction that occurred on Monday, November 24th. The stock was sold at an average price of $13.61, for a total transaction of $204,150.00. Following the sale, the director directly owned 177,964 shares of the company’s stock, valued at approximately $2,422,090.04. This trade represents a 7.77% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 463,119 shares of company stock valued at $6,935,437 over the last 90 days. 1.77% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Energy Fuels by 11.5% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,246,295 shares of the company’s stock worth $188,085,000 after purchasing an additional 1,264,050 shares during the period. Vanguard Group Inc. raised its stake in shares of Energy Fuels by 50.6% in the 3rd quarter. Vanguard Group Inc. now owns 11,883,042 shares of the company’s stock valued at $182,420,000 after buying an additional 3,991,202 shares in the last quarter. Van ECK Associates Corp raised its stake in shares of Energy Fuels by 35.4% in the 3rd quarter. Van ECK Associates Corp now owns 10,194,742 shares of the company’s stock valued at $156,489,000 after buying an additional 2,664,735 shares in the last quarter. Ameriprise Financial Inc. boosted its position in shares of Energy Fuels by 4.7% during the 2nd quarter. Ameriprise Financial Inc. now owns 9,203,210 shares of the company’s stock valued at $52,918,000 after acquiring an additional 410,894 shares in the last quarter. Finally, Kingstone Capital Partners Texas LLC bought a new stake in Energy Fuels in the second quarter valued at about $29,525,000. 48.24% of the stock is currently owned by institutional investors and hedge funds.

About Energy Fuels

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.