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

Energy Fuels Inc. (NYSE:UUUU) – Stock analysts at Roth Capital boosted their FY2024 earnings per share (EPS) estimates for shares of Energy Fuels in a report released on Monday, May 6th. Roth Capital analyst J. Reagor now expects that the company will post earnings per share of ($0.11) for the year, up from their prior forecast of ($0.13). The consensus estimate for Energy Fuels’ current full-year earnings is ($0.16) per share.

Energy Fuels (NYSE:UUUU) last issued its earnings results on Friday, May 3rd. The company reported $0.02 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.02. The firm had revenue of $25.43 million during 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 6.33%.

Several other equities research analysts have also commented on the company. Roth Mkm upped their price objective on 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 assumed coverage on shares of Energy Fuels in a research report on Thursday, April 18th. They set a “buy” rating and a $9.00 price target for the company. One analyst has rated the stock with a sell rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $9.83.

Energy Fuels Stock Performance

Energy Fuels stock opened at $5.84 on Thursday. The business’s 50-day moving average is $6.58. The firm has a market capitalization of $955.72 million, a price-to-earnings ratio of -83.42 and a beta of 1.59. Energy Fuels has a 52 week low of $5.16 and a 52 week high of $9.02.

Hedge Funds Weigh In On Energy Fuels

Institutional investors have recently modified their holdings of the business. Koshinski Asset Management Inc. increased its stake in shares of Energy Fuels by 68.0% during the first quarter. Koshinski Asset Management Inc. now owns 39,867 shares of the company’s stock worth $251,000 after buying an additional 16,141 shares during the period. ProShare Advisors LLC increased its position in shares of Energy Fuels by 10.8% in the 1st quarter. ProShare Advisors LLC now owns 28,816 shares of the company’s stock valued at $181,000 after purchasing an additional 2,798 shares during the last quarter. Swiss National Bank lifted its position in shares of Energy Fuels by 2.6% during the 1st quarter. Swiss National Bank now owns 321,500 shares of the company’s stock worth $2,010,000 after purchasing an additional 8,000 shares during the last quarter. Janney Montgomery Scott LLC grew its stake in shares of Energy Fuels by 19.3% during the first quarter. Janney Montgomery Scott LLC now owns 57,805 shares of the company’s stock worth $364,000 after purchasing an additional 9,335 shares in the last quarter. Finally, BNP Paribas Financial Markets increased its holdings in Energy Fuels by 54.4% in the first quarter. BNP Paribas Financial Markets now owns 124,693 shares of the company’s stock valued at $784,000 after buying an additional 43,940 shares during the last quarter. Institutional investors and hedge funds own 48.24% of the company’s stock.

Insider Buying and Selling

In other news, Director J. Birks Bovaird sold 10,000 shares of Energy Fuels stock in a transaction on Wednesday, April 3rd. The stock was sold at an average price of $9.28, for a total value of $92,800.00. Following the completion of the sale, the director now directly owns 187,380 shares of the company’s stock, 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. Corporate insiders own 1.92% 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.