Energy Fuels Inc. to Post FY2024 Earnings of ($0.10) Per Share, HC Wainwright Forecasts (NYSE:UUUU)

Energy Fuels Inc. (NYSE:UUUU) – HC Wainwright lifted their FY2024 earnings estimates for Energy Fuels in a report issued on Tuesday, August 6th. HC Wainwright analyst H. Ihle now anticipates that the company will post earnings per share of ($0.10) for the year, up from their prior forecast of ($0.11). HC Wainwright currently has a “Buy” rating and a $10.50 price target on the stock. The consensus estimate for Energy Fuels’ current full-year earnings is ($0.11) per share.

UUUU has been the subject of a number of other reports. Roth Mkm downgraded shares of Energy Fuels from a “buy” rating to a “neutral” rating and reduced their target price for the company from $6.50 to $6.25 in a research report on Wednesday, June 5th. B. Riley initiated coverage on Energy Fuels in a research report on Thursday, April 18th. They issued a “buy” rating and a $9.00 target price for the company. Finally, Roth Capital lowered Energy Fuels from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, June 5th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $8.58.

Energy Fuels Stock Performance

NYSE:UUUU traded down $0.11 during trading on Thursday, reaching $4.44. The company’s stock had a trading volume of 2,759,449 shares, compared to its average volume of 2,948,849. Energy Fuels has a 12 month low of $4.19 and a 12 month high of $9.02. The company has a market capitalization of $716.05 million, a price-to-earnings ratio of -63.21 and a beta of 1.62. The company has a 50 day simple moving average of $5.87.

Energy Fuels (NYSE:UUUU) last announced its earnings results on Friday, August 2nd. The company reported ($0.04) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.02. The firm had revenue of $8.72 million for the quarter, compared to the consensus estimate of $3.85 million. Energy Fuels had a negative return on equity of 6.27% and a negative net margin of 24.83%.

Hedge Funds Weigh In On Energy Fuels

A number of large investors have recently made changes to their positions in the stock. Optiver Holding B.V. lifted its holdings in Energy Fuels by 1,282.2% during the 4th quarter. Optiver Holding B.V. now owns 4,423 shares of the company’s stock worth $32,000 after purchasing an additional 4,103 shares in the last quarter. Lynx Investment Advisory bought a new position in shares of Energy Fuels in the second quarter valued at approximately $30,000. Ashton Thomas Private Wealth LLC bought a new position in shares of Energy Fuels in the second quarter valued at approximately $31,000. Motley Fool Wealth Management LLC purchased a new position in Energy Fuels during the fourth quarter valued at approximately $70,000. Finally, Gainplan LLC bought a new stake in Energy Fuels during the 4th quarter worth approximately $84,000. 48.24% of the stock is owned by institutional investors.

Energy Fuels Company 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.