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% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,838,420 shares of the company’s stock after purchasing an additional 2,477,539 shares during the period. Van ECK Associates Corp owned about 2.45% of Energy Fuels worth $24,823,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Kingsview Wealth Management LLC bought a new stake in Energy Fuels during the fourth quarter worth about $87,000. Robertson Stephens Wealth Management LLC lifted its stake in Energy Fuels by 3.7% during the fourth quarter. Robertson Stephens Wealth Management LLC now owns 1,579,919 shares of the company’s stock worth $8,105,000 after purchasing an additional 55,709 shares during the last quarter. Wealthspan Partners LLC bought a new stake in Energy Fuels during the fourth quarter worth about $51,000. Synergy Asset Management LLC bought a new stake in Energy Fuels during the fourth quarter worth about $127,000. Finally, AlphaMark Advisors LLC bought a new stake in Energy Fuels during the fourth quarter worth about $25,000. Institutional investors own 48.24% of the company’s stock.

Insider Buying and Selling at Energy Fuels

In other Energy Fuels news, Director Dennis Lyle Higgs sold 18,615 shares of the company’s stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $7.23, for a total transaction of $134,586.45. Following the completion of the transaction, the director now owns 291,422 shares of the company’s stock, valued at $2,106,981.06. This represents a 6.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, 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 transaction, the director now owns 178,380 shares in the company, valued at $970,387.20. This trade represents a 5.31 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 46,115 shares of company stock valued at $289,086 in the last 90 days. Insiders own 1.92% of the company’s stock.

Energy Fuels Price Performance

UUUU opened at $4.80 on Friday. The business has a 50 day simple moving average of $5.43 and a two-hundred day simple moving average of $5.57. The firm has a market capitalization of $953.71 million, a price-to-earnings ratio of -21.82 and a beta of 1.68. Energy Fuels Inc. has a one year low of $4.19 and a one year high of $7.47.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on UUUU shares. Roth Mkm lowered their target price on Energy Fuels from $6.00 to $5.50 and set a “neutral” rating for the company in a research note on Monday, November 4th. HC Wainwright reissued a “buy” rating and issued a $11.00 target price on shares of Energy Fuels in a research note on Wednesday, December 11th.

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.