Brokers Issue Forecasts for Energy Fuels Inc.’s FY2024 Earnings (NYSE:UUUU)

Energy Fuels Inc. (NYSE:UUUUFree Report) – Research analysts at HC Wainwright issued their FY2024 earnings estimates for shares of Energy Fuels in a note issued to investors on Wednesday, June 12th. HC Wainwright analyst H. Ihle expects that the company will earn ($0.11) per share for the year. HC Wainwright has a “Buy” rating and a $10.75 price objective on the stock. The consensus estimate for Energy Fuels’ current full-year earnings is ($0.11) per share. HC Wainwright also issued estimates for Energy Fuels’ FY2025 earnings at $0.10 EPS.

UUUU has been the topic of a number of other reports. B. Riley initiated coverage on shares of Energy Fuels in a research note on Thursday, April 18th. They set a “buy” rating and a $9.00 price target on the stock. Roth Mkm cut shares of Energy Fuels from a “buy” rating to a “neutral” rating and dropped their price target for the company from $6.50 to $6.25 in a research note on Wednesday, June 5th. Finally, Roth Capital lowered shares of Energy Fuels from a “strong-buy” rating to a “hold” rating in a report on Wednesday, June 5th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $8.67.

Check Out Our Latest Report on UUUU

Energy Fuels Trading Down 1.8 %

UUUU opened at $6.01 on Thursday. The stock has a market capitalization of $983.55 million, a PE ratio of -85.86 and a beta of 1.65. Energy Fuels has a twelve month low of $5.16 and a twelve month high of $9.02. The company has a 50-day moving average of $6.14.

Energy Fuels (NYSE:UUUUGet Free Report) last released its earnings results on Friday, May 3rd. The company reported $0.02 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.02. The firm had revenue of $25.43 million for the quarter, compared to analysts’ expectations of $26.25 million. Energy Fuels had a negative net margin of 24.83% and a negative return on equity of 6.27%.

Institutional Investors Weigh In On Energy Fuels

Several institutional investors and hedge funds have recently modified their holdings of UUUU. Chesapeake Capital Corp IL purchased a new position in Energy Fuels during the 4th quarter valued at about $341,000. National Bank of Canada FI increased its stake in Energy Fuels by 13.6% during the 4th quarter. National Bank of Canada FI now owns 80,932 shares of the company’s stock valued at $561,000 after purchasing an additional 9,671 shares in the last quarter. Fielder Capital Group LLC bought a new stake in Energy Fuels during the 4th quarter valued at about $1,772,000. Vanguard Group Inc. increased its stake in Energy Fuels by 0.3% during the 3rd 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, New York State Common Retirement Fund increased its stake in Energy Fuels by 8.5% during the 4th quarter. New York State Common Retirement Fund now owns 62,500 shares of the company’s stock valued at $449,000 after purchasing an additional 4,918 shares in the last quarter. 48.24% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Energy Fuels

In other Energy Fuels news, Director J. Birks Bovaird sold 10,000 shares of the stock in a transaction 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 owns 187,380 shares of the company’s stock, valued at approximately $1,738,886.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In the last 90 days, insiders have acquired 8,013 shares of company stock valued at $48,050. Insiders own 1.92% of the company’s stock.

About Energy Fuels

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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.

See Also

Earnings History and Estimates for Energy Fuels (NYSE:UUUU)

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