Van ECK Associates Corp Boosts Stake in Energy Fuels Inc. (NYSE:UUUU)

Van ECK Associates Corp grew its position in shares of Energy Fuels Inc. (NYSE:UUUU) by 104.9% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 4,838,420 shares of the company’s stock after acquiring an additional 2,477,539 shares during the period. Van ECK Associates Corp’s holdings in Energy Fuels were worth $24,823,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in UUUU. AlphaMark Advisors LLC purchased a new stake in shares of Energy Fuels in the 4th quarter worth approximately $25,000. Eastern Bank purchased a new stake in shares of Energy Fuels in the 3rd quarter worth approximately $27,000. Signaturefd LLC grew its stake in shares of Energy Fuels by 261.7% in the 3rd quarter. Signaturefd LLC now owns 5,972 shares of the company’s stock worth $33,000 after buying an additional 4,321 shares during the last quarter. Wealthspan Partners LLC purchased a new stake in shares of Energy Fuels in the 4th quarter worth approximately $51,000. Finally, Accel Wealth Management purchased a new stake in shares of Energy Fuels in the 4th quarter worth approximately $52,000. Hedge funds and other institutional investors own 48.24% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on UUUU. HC Wainwright restated a “buy” rating and issued a $11.00 price target on shares of Energy Fuels in a research note on Wednesday, December 11th. Roth Mkm cut their target price on Energy Fuels from $6.00 to $5.50 and set a “neutral” rating on the stock in a research note on Monday, November 4th.

Insider Buying and Selling at Energy Fuels

In other news, Director J. Birks Bovaird sold 10,000 shares of the firm’s stock in a transaction 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 transaction, the director now directly owns 178,380 shares in the company, valued at $970,387.20. This trade represents a 5.31 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Dennis Lyle Higgs sold 18,615 shares of the firm’s stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $7.23, for a total value of $134,586.45. Following the completion of the transaction, the director now owns 291,422 shares in the company, valued at approximately $2,106,981.06. This trade represents a 6.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 46,115 shares of company stock worth $289,086. Insiders own 1.92% of the company’s stock.

Energy Fuels Trading Down 4.6 %

Shares of UUUU opened at $4.80 on Friday. The business’s fifty day simple moving average is $5.43 and its two-hundred day simple moving average is $5.57. Energy Fuels Inc. has a 12 month low of $4.19 and a 12 month high of $7.47. The company has a market cap of $953.71 million, a price-to-earnings ratio of -21.82 and a beta of 1.68.

Energy Fuels 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.