Energy Fuels (NYSEAMERICAN:UUUU) Shares Up 9.7% - Time to Buy?

Energy Fuels Inc. (NYSEAMERICAN:UUUU - Get Free Report)'s share price shot up 9.7% on Friday . The company traded as high as $4.48 and last traded at $4.41. 7,042,368 shares traded hands during trading, a decline of 8% from the average session volume of 7,662,057 shares. The stock had previously closed at $4.02.

Analysts Set New Price Targets

Several research firms have recently weighed in on UUUU. Roth Mkm upgraded shares of Energy Fuels from a "neutral" rating to a "buy" rating and set a $5.75 target price for the company in a research note on Friday. HC Wainwright reduced their price objective on shares of Energy Fuels from $11.00 to $10.75 and set a "buy" rating for the company in a research note on Friday. Finally, Roth Capital upgraded Energy Fuels from a "hold" rating to a "strong-buy" rating in a research report on Friday.

Energy Fuels Stock Down 7.8 %

The stock has a market capitalization of $755.02 million, a P/E ratio of -17.27 and a beta of 1.68. The company has a 50-day moving average price of $5.37 and a two-hundred day moving average price of $5.57.

Insider Buying and Selling

In other Energy Fuels news, Director J. Birks Bovaird sold 10,000 shares of Energy Fuels stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $5.44, for a total transaction of $54,400.00. Following the transaction, the director now directly owns 178,380 shares of the company's stock, valued at approximately $970,387.20. This trade represents a 5.31 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Alex G. Morrison sold 17,500 shares of the business's stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of $5.72, for a total transaction of $100,100.00. Following the completion of the sale, the director now directly owns 165,528 shares of the company's stock, valued at $946,820.16. This represents a 9.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.92% of the stock is owned by company insiders.

Institutional Investors Weigh In On Energy Fuels

Several institutional investors have recently added to or reduced their stakes in the company. Van ECK Associates Corp lifted its holdings in Energy Fuels by 104.9% in the 4th quarter. Van ECK Associates Corp now owns 4,838,420 shares of the company's stock worth $24,823,000 after buying an additional 2,477,539 shares during the period. Vanguard Group Inc. raised its holdings in shares of Energy Fuels by 18.5% during the fourth 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 in the last quarter. Focus Partners Wealth purchased a new stake in Energy Fuels in the fourth quarter worth $5,467,000. Summit Financial LLC bought a new stake in Energy Fuels in the fourth quarter valued at $4,840,000. Finally, The Manufacturers Life Insurance Company increased its position in Energy Fuels by 233.1% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 904,190 shares of the company's stock valued at $4,966,000 after purchasing an additional 632,713 shares during the period. Hedge funds and other 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.