Cibc World Market Inc. Decreases Stock Position in Energy Fuels Inc $UUUU

Cibc World Market Inc. lowered its stake in Energy Fuels Inc (NYSEAMERICAN:UUUU) by 61.5% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 24,035 shares of the company’s stock after selling 38,415 shares during the quarter. Cibc World Market Inc.’s holdings in Energy Fuels were worth $369,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Ameriprise Financial Inc. boosted its position in 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 buying an additional 410,894 shares during the period. Bank of America Corp DE raised its stake in shares of Energy Fuels by 93.6% during the second quarter. Bank of America Corp DE now owns 4,366,108 shares of the company’s stock valued at $25,105,000 after acquiring an additional 2,111,466 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Energy Fuels by 11.4% during the second quarter. Geode Capital Management LLC now owns 2,662,767 shares of the company’s stock worth $15,318,000 after purchasing an additional 272,733 shares during the period. Vident Advisory LLC boosted its holdings in shares of Energy Fuels by 15.6% during the second quarter. Vident Advisory LLC now owns 2,391,055 shares of the company’s stock worth $13,749,000 after purchasing an additional 322,195 shares during the period. Finally, BNP Paribas Financial Markets increased its holdings in Energy Fuels by 530.6% during the 2nd quarter. BNP Paribas Financial Markets now owns 2,068,155 shares of the company’s stock valued at $11,892,000 after purchasing an additional 1,740,183 shares during the period. 48.24% of the stock is currently owned by institutional investors.

Energy Fuels Trading Up 3.0%

UUUU stock opened at $21.97 on Friday. The stock has a market capitalization of $5.21 billion, a PE ratio of -44.84 and a beta of 1.45. The stock’s 50 day simple moving average is $19.45 and its 200 day simple moving average is $16.60. Energy Fuels Inc has a 12-month low of $3.20 and a 12-month high of $27.90.

Insider Activity at Energy Fuels

In other news, Director Alex G. Morrison sold 38,869 shares of Energy Fuels 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 sale, the director directly owned 110,878 shares in the company, valued at $1,587,772.96. The trade was a 25.96% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Timothy James Carstens sold 59,594 shares of the business’s stock in a transaction that occurred on Wednesday, December 10th. The shares were sold at an average price of $14.93, for a total transaction of $889,738.42. Following the transaction, the executive vice president directly owned 107,435 shares of the company’s stock, valued at $1,604,004.55. The trade was a 35.68% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 123,463 shares of company stock valued at $1,794,393 over the last ninety days. Insiders own 1.77% of the company’s stock.

Analysts Set New Price Targets

UUUU has been the subject of several research analyst reports. Roth Mkm upgraded Energy Fuels from a “sell” rating to a “neutral” rating and increased their price objective for the stock from $13.00 to $15.50 in a report on Wednesday, January 28th. The Goldman Sachs Group began coverage on Energy Fuels in a report on Tuesday, February 10th. They set a “buy” rating and a $30.00 target price for the company. B. Riley Financial raised their price target on Energy Fuels to $27.00 and gave the stock a “buy” rating in a research note on Tuesday, January 20th. Finally, HC Wainwright reaffirmed a “buy” rating and issued a $26.75 target price on shares of Energy Fuels in a research report on Friday, January 9th. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, Energy Fuels has an average rating of “Moderate Buy” and a consensus target price of $24.81.

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.