FY2024 EPS Estimates for Energy Fuels Cut by HC Wainwright

Energy Fuels Inc. (NYSE:UUUU) – Equities research analysts at HC Wainwright dropped their FY2024 earnings per share (EPS) estimates for Energy Fuels in a research note issued on Monday, November 4th. HC Wainwright analyst H. Ihle now expects that the company will earn ($0.13) per share for the year, down from their previous estimate of ($0.10). HC Wainwright currently has a “Buy” rating and a $11.00 target price on the stock. The consensus estimate for Energy Fuels’ current full-year earnings is ($0.11) per share.

Energy Fuels (NYSE:UUUU) last released its earnings results on Thursday, October 31st. The company reported ($0.07) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.02). Energy Fuels had a negative return on equity of 9.16% and a negative net margin of 90.40%. The business had revenue of $4.05 million during the quarter, compared to analysts’ expectations of $5.10 million.

Separately, Roth Mkm lowered their price objective on shares of Energy Fuels from $6.00 to $5.50 and set a “neutral” rating for the company in a research report on Monday. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $8.50.

Energy Fuels Trading Up 4.8 %

NYSE UUUU opened at $6.34 on Wednesday. Energy Fuels has a 12 month low of $4.19 and a 12 month high of $8.68. The company’s 50-day moving average price is $5.54 and its 200-day moving average price is $5.67. The stock has a market cap of $1.23 billion, a PE ratio of -28.82 and a beta of 1.60.

Institutional Trading of Energy Fuels

Hedge funds have recently added to or reduced their stakes in the business. Eastern Bank purchased a new position in Energy Fuels during the 3rd quarter valued at about $27,000. Lynx Investment Advisory bought a new position in shares of Energy Fuels during the second quarter valued at approximately $30,000. Ashton Thomas Private Wealth LLC purchased a new position in Energy Fuels during the second quarter valued at approximately $31,000. Signaturefd LLC increased its holdings in Energy Fuels by 261.7% during the third quarter. Signaturefd LLC now owns 5,972 shares of the company’s stock valued at $33,000 after buying an additional 4,321 shares during the period. Finally, Creative Planning bought a new position in Energy Fuels in the third quarter worth approximately $57,000. 48.24% of the stock is owned by hedge funds and other institutional investors.

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.