Energy Fuels (NYSE:UUUU) Shares Gap Up - Should You Buy?

Energy Fuels Inc. (NYSE:UUUU - Get Free Report) shares gapped up prior to trading 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.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. HC Wainwright lifted their price objective on shares of Energy Fuels from $10.75 to $11.00 and gave the company a "buy" rating in a report on Monday, November 4th. Roth Mkm cut their target price on shares of Energy Fuels from $6.00 to $5.50 and set a "neutral" rating for the company in a research note on Monday, November 4th.

Energy Fuels Price Performance

The firm has a market cap of $1.43 billion, a PE ratio of -33.00 and a beta of 1.60. The business's 50 day moving average price is $6.22 and its 200 day moving average price is $5.80.

Energy Fuels (NYSE:UUUU - Get Free Report) 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 company had revenue of $4.05 million for the quarter, compared to analysts' expectations of $5.10 million. Energy Fuels had a negative return on equity of 9.16% and a negative net margin of 90.40%. As a group, analysts predict that Energy Fuels Inc. will post -0.1 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Dennis Lyle Higgs sold 18,615 shares of the business'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 transaction, the director now directly owns 291,422 shares in the company, valued at approximately $2,106,981.06. The trade was a 6.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.92% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Energy Fuels

A number of institutional investors and hedge funds have recently bought and sold shares of UUUU. Van ECK Associates Corp boosted its position in Energy Fuels by 84.8% during the third quarter. Van ECK Associates Corp now owns 2,360,881 shares of the company's stock worth $12,961,000 after acquiring an additional 1,083,480 shares during the last quarter. The Manufacturers Life Insurance Company boosted its holdings in Energy Fuels by 233.1% in 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 last quarter. Lloyd Harbor Capital Management LLC acquired a new position in Energy Fuels in the 2nd quarter valued at about $2,787,000. Stanley Laman Group Ltd. boosted its holdings in Energy Fuels by 65.2% in the 3rd quarter. Stanley Laman Group Ltd. now owns 785,521 shares of the company's stock valued at $4,313,000 after purchasing an additional 309,958 shares during the last quarter. Finally, Geode Capital Management LLC boosted its holdings in Energy Fuels by 14.1% in the 3rd quarter. Geode Capital Management LLC now owns 2,318,522 shares of the company's stock valued at $12,731,000 after purchasing an additional 285,680 shares during the last quarter. 48.24% of the stock is currently owned by institutional investors and hedge funds.

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.