Roth Capital Weighs in on Energy Fuels Inc.’s FY2024 Earnings (NYSE:UUUU)

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

Energy Fuels (NYSE:UUUU) last posted its quarterly earnings data on Friday, May 3rd. The company reported $0.02 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.02. Energy Fuels had a negative net margin of 24.83% and a negative return on equity of 6.33%. The firm had revenue of $25.43 million during the quarter, compared to analysts’ expectations of $26.25 million.

UUUU has been the subject of a number of other reports. Roth Mkm lifted their target price on Energy Fuels from $9.25 to $10.50 and gave the company a “buy” rating in a report on Tuesday, January 23rd. B. Riley assumed coverage on Energy Fuels in a research note on Thursday, April 18th. They issued a “buy” rating and a $9.00 price objective for the company. One investment analyst has rated the stock with a sell rating and three have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $9.83.

Energy Fuels Stock Performance

Energy Fuels stock opened at $6.15 on Thursday. Energy Fuels has a 52-week low of $5.16 and a 52-week high of $9.02. The firm has a market cap of $1.01 billion, a price-to-earnings ratio of -87.84 and a beta of 1.59. The business’s 50 day simple moving average is $6.56.

Insider Buying and Selling

In related 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 value of $92,800.00. Following the transaction, the director now directly owns 187,380 shares of the company’s stock, valued at approximately $1,738,886.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Over the last quarter, insiders bought 4,034 shares of company stock worth $23,533. Corporate insiders own 1.92% of the company’s stock.

Hedge Funds Weigh In On Energy Fuels

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Raymond James Financial Services Advisors Inc. purchased a new stake in Energy Fuels in the 3rd quarter valued at approximately $122,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Energy Fuels by 21.8% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 99,541 shares of the company’s stock valued at $822,000 after buying an additional 17,819 shares during the period. Mackenzie Financial Corp boosted its stake in shares of Energy Fuels by 1.8% in the third quarter. Mackenzie Financial Corp now owns 84,860 shares of the company’s stock valued at $645,000 after buying an additional 1,471 shares in the last quarter. CIBC Asset Management Inc boosted its stake in shares of Energy Fuels by 4.1% in the third quarter. CIBC Asset Management Inc now owns 150,715 shares of the company’s stock valued at $1,242,000 after buying an additional 5,891 shares in the last quarter. Finally, Private Advisor Group LLC grew its holdings in Energy Fuels by 492.2% during the third quarter. Private Advisor Group LLC now owns 69,815 shares of the company’s stock worth $574,000 after acquiring an additional 58,025 shares during the period. Hedge funds and other institutional investors own 48.24% of the company’s stock.

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.