Q3 2024 EPS Estimates for Energy Fuels Inc. (NYSE:UUUU) Increased by Analyst

Energy Fuels Inc. (NYSE:UUUU) – Investment analysts at Roth Capital raised their Q3 2024 earnings estimates for Energy Fuels in a note issued to investors on Monday, April 22nd. Roth Capital analyst J. Reagor now forecasts that the company will post earnings of ($0.04) per share for the quarter, up from their prior forecast of ($0.05). The consensus estimate for Energy Fuels’ current full-year earnings is ($0.16) per share. Roth Capital also issued estimates for Energy Fuels’ Q4 2024 earnings at ($0.03) EPS, FY2024 earnings at ($0.13) EPS and FY2025 earnings at $0.07 EPS.

Energy Fuels (NYSE:UUUU) last announced its earnings results on Friday, February 23rd. The company reported ($0.13) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.10). Energy Fuels had a negative return on equity of 7.97% and a net margin of 263.04%. The company had revenue of $0.47 million for the quarter, compared to analyst estimates of $6.45 million.

Other equities analysts have also issued reports about the stock. Roth Mkm upped their target price on shares of Energy Fuels from $9.25 to $10.50 and gave the stock a “buy” rating in a research report on Tuesday, January 23rd. B. Riley initiated coverage on shares of Energy Fuels in a report on Thursday, April 18th. They issued a “buy” rating and a $9.00 price objective on the stock. One analyst has rated the stock with a sell rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $9.83.

Energy Fuels Price Performance

Shares of UUUU stock opened at $5.24 on Wednesday. Energy Fuels has a 1 year low of $4.99 and a 1 year high of $9.02. The business’s 50 day moving average is $6.84. The firm has a market capitalization of $844.25 million, a price-to-earnings ratio of 8.31 and a beta of 1.53.

Institutional Investors Weigh In On Energy Fuels

Several large investors have recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. increased its stake in Energy Fuels by 7.3% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 9,368,888 shares of the company’s stock valued at $67,498,000 after purchasing an additional 638,709 shares in the last quarter. Alps Advisors Inc. increased its stake in Energy Fuels by 16.1% in the third quarter. Alps Advisors Inc. now owns 8,763,538 shares of the company’s stock valued at $72,036,000 after purchasing an additional 1,212,972 shares in the last quarter. Ameriprise Financial Inc. increased its stake in Energy Fuels by 17.2% in the third quarter. Ameriprise Financial Inc. now owns 6,879,065 shares of the company’s stock valued at $56,546,000 after purchasing an additional 1,009,007 shares in the last quarter. Vanguard Group Inc. increased its stake in Energy Fuels by 0.3% in the third quarter. Vanguard Group Inc. now owns 5,820,471 shares of the company’s stock valued at $47,844,000 after purchasing an additional 19,558 shares in the last quarter. Finally, MMCAP International Inc. SPC increased its stake in Energy Fuels by 50.7% in the fourth quarter. MMCAP International Inc. SPC now owns 3,693,009 shares of the company’s stock valued at $25,888,000 after purchasing an additional 1,242,546 shares in the last quarter. Institutional investors own 48.24% of the company’s stock.

Insider Activity at Energy Fuels

In related news, Director J. Birks Bovaird sold 10,000 shares of the stock in a transaction that occurred on Wednesday, April 3rd. The shares were sold at an average price of $9.28, for a total value of $92,800.00. Following the transaction, the director now directly owns 187,380 shares in the company, valued at $1,738,886.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.30% of the stock is currently owned by company insiders.

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.