FY2024 Earnings Forecast for Energy Fuels Inc. (NYSE:UUUU) Issued By HC Wainwright

Energy Fuels Inc. (NYSE:UUUU) – Equities researchers at HC Wainwright boosted their FY2024 earnings per share estimates for Energy Fuels in a research report issued to clients and investors on Tuesday, August 6th. HC Wainwright analyst H. Ihle now forecasts that the company will earn ($0.10) per share for the year, up from their prior estimate of ($0.11). HC Wainwright 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.

A number of other brokerages also recently issued reports on UUUU. Roth Mkm downgraded Energy Fuels from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $6.50 to $6.25 in a research report on Wednesday, June 5th. Roth Capital downgraded shares of Energy Fuels from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, June 5th. Finally, B. Riley began coverage on Energy Fuels in a research note on Thursday, April 18th. They issued a “buy” rating and a $9.00 price objective on the stock. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $8.58.

Energy Fuels Stock Performance

Shares of Energy Fuels stock traded down $0.11 during trading hours 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. The business’s 50 day simple moving average is $5.87. The stock has a market cap of $716.05 million, a PE ratio of -63.21 and a beta of 1.62. Energy Fuels has a one year low of $4.19 and a one year high of $9.02.

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. grew its position in shares of Energy Fuels by 1.4% in the 1st quarter. Vanguard Group Inc. now owns 6,014,689 shares of the company’s stock worth $37,832,000 after buying an additional 82,766 shares during the last quarter. MMCAP International Inc. SPC grew its holdings in Energy Fuels by 56.5% in the first quarter. MMCAP International Inc. SPC now owns 5,780,394 shares of the company’s stock worth $36,359,000 after purchasing an additional 2,087,385 shares during the last quarter. Vident Advisory LLC increased its position in shares of Energy Fuels by 30.8% during the first quarter. Vident Advisory LLC now owns 1,507,537 shares of the company’s stock worth $9,482,000 after purchasing an additional 355,242 shares in the last quarter. Van ECK Associates Corp lifted its holdings in shares of Energy Fuels by 44.4% during the 2nd quarter. Van ECK Associates Corp now owns 1,277,401 shares of the company’s stock valued at $7,742,000 after purchasing an additional 392,862 shares during the last quarter. Finally, Robertson Stephens Wealth Management LLC boosted its position in shares of Energy Fuels by 0.6% in the 4th quarter. Robertson Stephens Wealth Management LLC now owns 984,357 shares of the company’s stock worth $7,078,000 after purchasing an additional 5,898 shares in the last quarter. 48.24% of the stock is currently owned by hedge funds and other 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.