Energy Fuels (NYSEAMERICAN:UUUU) Stock Price Down 5.2% – Here’s Why

Energy Fuels Inc (NYSEAMERICAN:UUUU) shares were down 5.2% during mid-day trading on Friday . The stock traded as low as $5.47 and last traded at $5.47. Approximately 2,598,453 shares changed hands during trading, a decline of 71% from the average daily volume of 8,824,439 shares. The stock had previously closed at $5.77.

Wall Street Analysts Forecast Growth

UUUU has been the subject of a number of analyst reports. HC Wainwright reduced their target price on shares of Energy Fuels from $10.75 to $10.00 and set a “buy” rating for the company in a research note on Friday, May 9th. Roth Mkm upgraded Energy Fuels from a “neutral” rating to a “buy” rating and set a $5.75 price objective for the company in a research report on Friday, February 28th. Finally, Roth Capital set a $5.75 price objective on Energy Fuels in a research report on Friday, February 28th.

Energy Fuels Price Performance

The firm has a market cap of $1.07 billion, a price-to-earnings ratio of -12.58 and a beta of 1.65. The firm’s fifty day moving average is $4.93 and its two-hundred day moving average is $5.13.

Insider Buying and Selling

In other Energy Fuels news, VP Timothy James Carstens sold 210,612 shares of the company’s stock in a transaction that occurred on Tuesday, June 10th. The stock was sold at an average price of $5.45, for a total value of $1,147,835.40. Following the completion of the sale, the vice president now directly owns 517,029 shares in the company, valued at $2,817,808.05. This represents a 28.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders sold 218,597 shares of company stock valued at $1,192,142 over the last 90 days. 1.77% of the stock is currently owned by company insiders.

Institutional Trading of Energy Fuels

Several institutional investors have recently modified their holdings of UUUU. Alps Advisors Inc. lifted its stake in Energy Fuels by 29.0% during the first quarter. Alps Advisors Inc. now owns 15,933,699 shares of the company’s stock valued at $59,433,000 after purchasing an additional 3,584,798 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Energy Fuels by 10.8% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,670,863 shares of the company’s stock valued at $46,927,000 after acquiring an additional 1,231,484 shares during the last quarter. Ameriprise Financial Inc. lifted its position in shares of Energy Fuels by 0.4% during the 4th quarter. Ameriprise Financial Inc. now owns 8,023,303 shares of the company’s stock valued at $41,159,000 after acquiring an additional 31,364 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of Energy Fuels by 18.5% during the 4th quarter. Vanguard Group Inc. now owns 7,468,726 shares of the company’s stock valued at $38,316,000 after acquiring an additional 1,164,973 shares during the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of Energy Fuels by 0.5% during the 4th quarter. Geode Capital Management LLC now owns 2,330,189 shares of the company’s stock valued at $11,960,000 after acquiring an additional 11,667 shares during 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.