Energy Fuels (NYSEAMERICAN:UUUU) Reaches New 1-Year Low – What’s Next?

Energy Fuels Inc. (NYSEAMERICAN:UUUU) reached a new 52-week low on Thursday . The company traded as low as $4.16 and last traded at $4.26, with a volume of 4473070 shares. The stock had previously closed at $4.44.

Analysts Set New Price Targets

UUUU has been the subject of a number of analyst reports. HC Wainwright reduced their price target on Energy Fuels from $11.00 to $10.75 and set a “buy” rating for the company in a report on Friday. 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 note on Friday. Finally, Roth Capital upgraded Energy Fuels from a “hold” rating to a “strong-buy” rating in a research note on Friday.

Energy Fuels Stock Performance

The company has a 50 day simple moving average of $5.37 and a 200 day simple moving average of $5.57. The company has a market capitalization of $818.60 million, a PE ratio of -18.73 and a beta of 1.68.

Insiders Place Their Bets

In other news, Director J. Birks Bovaird sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $5.44, for a total value of $54,400.00. Following the completion of the sale, the director now directly owns 178,380 shares in the company, valued at $970,387.20. This represents a 5.31 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Alex G. Morrison sold 17,500 shares of the company’s stock in a transaction that occurred on Wednesday, December 18th. The shares were sold at an average price of $5.72, for a total value of $100,100.00. Following the completion of the sale, the director now owns 165,528 shares of the company’s stock, valued at $946,820.16. This trade 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

Large investors have recently made changes to their positions in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Energy Fuels by 1.4% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,439,379 shares of the company’s stock worth $58,779,000 after acquiring an additional 155,087 shares during the period. Ameriprise Financial Inc. grew its position in Energy Fuels by 0.4% in the fourth quarter. Ameriprise Financial Inc. now owns 8,023,303 shares of the company’s stock worth $41,159,000 after acquiring an additional 31,364 shares during the period. Vanguard Group Inc. grew its position in Energy Fuels by 18.5% in the fourth quarter. Vanguard Group Inc. now owns 7,468,726 shares of the company’s stock worth $38,316,000 after acquiring an additional 1,164,973 shares during the period. Van ECK Associates Corp grew its position in Energy Fuels by 104.9% in the fourth quarter. Van ECK Associates Corp now owns 4,838,420 shares of the company’s stock worth $24,823,000 after acquiring an additional 2,477,539 shares during the period. Finally, Geode Capital Management LLC grew its position in Energy Fuels by 0.5% in the fourth quarter. Geode Capital Management LLC now owns 2,330,189 shares of the company’s stock worth $11,960,000 after acquiring an additional 11,667 shares during the period. 48.24% of the stock is currently owned by hedge funds and other institutional investors.

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.