Energy Fuels Inc. (NYSE:UUUU) Forecasted to Post Q3 2024 Earnings of ($0.04) Per Share

Energy Fuels Inc. (NYSE:UUUU) – Research analysts at Roth Capital raised their Q3 2024 EPS estimates for Energy Fuels in a research note issued on Monday, April 22nd. Roth Capital analyst J. Reagor now anticipates that the company will post earnings per share of ($0.04) for the quarter, up from their previous estimate 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.

Several other research analysts have also recently issued reports on the stock. Roth Mkm increased their price objective on shares of Energy Fuels from $9.25 to $10.50 and gave the company a “buy” rating in a report on Tuesday, January 23rd. B. Riley started coverage on shares of Energy Fuels in a report on Thursday, April 18th. They issued a “buy” rating and a $9.00 price objective for the company. One equities research analyst has rated the stock with a sell rating and three have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $9.83.

Energy Fuels Stock Down 1.2 %

Energy Fuels stock opened at $5.24 on Wednesday. The company has a 50 day moving average of $6.84. The company has a market capitalization of $844.25 million, a PE ratio of 8.31 and a beta of 1.53. Energy Fuels has a 12-month low of $4.99 and a 12-month high of $9.02.

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

Insider Buying and Selling

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

Hedge Funds Weigh In On Energy Fuels

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Shell Asset Management Co. boosted its stake in Energy Fuels by 940.4% in the 3rd quarter. Shell Asset Management Co. now owns 133,302 shares of the company’s stock worth $1,096,000 after purchasing an additional 120,490 shares during the period. Vanguard Group Inc. boosted its stake in Energy Fuels by 0.3% in the 3rd quarter. Vanguard Group Inc. now owns 5,820,471 shares of the company’s stock worth $47,844,000 after purchasing an additional 19,558 shares during the period. Jump Financial LLC acquired a new position in Energy Fuels in the 3rd quarter worth approximately $2,840,000. Ameriprise Financial Inc. boosted its stake in Energy Fuels by 17.2% in the 3rd quarter. Ameriprise Financial Inc. now owns 6,879,065 shares of the company’s stock worth $56,546,000 after purchasing an additional 1,009,007 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. boosted its stake in Energy Fuels by 7.3% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 9,368,888 shares of the company’s stock worth $67,498,000 after purchasing an additional 638,709 shares during the period. Institutional investors and hedge funds own 48.24% of the company’s stock.

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.