Energy Fuels FY2024 EPS Estimate Reduced by HC Wainwright

Energy Fuels Inc. (NYSE:UUUU - Free Report) - Equities researchers at HC Wainwright dropped their FY2024 EPS estimates for shares of Energy Fuels in a note issued to investors on Monday, November 4th. HC Wainwright analyst H. Ihle now forecasts that the company will post earnings of ($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 price target on the stock. The consensus estimate for Energy Fuels' current full-year earnings is ($0.11) per share.

Energy Fuels (NYSE:UUUU - Get Free Report) last issued its quarterly earnings data 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 firm had revenue of $4.05 million for the quarter, compared to the consensus estimate of $5.10 million.

Separately, Roth Mkm dropped their price objective on shares of Energy Fuels from $6.00 to $5.50 and set a "neutral" rating for the company in a report on Monday. One investment 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 data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $8.50.

Energy Fuels Stock Up 3.2 %

Shares of UUUU stock traded up $0.19 during mid-day trading on Wednesday, reaching $6.04. 4,813,508 shares of the stock traded hands, compared to its average volume of 3,093,878. The company has a market cap of $1.17 billion, a price-to-earnings ratio of -26.59 and a beta of 1.60. The stock's fifty day simple moving average is $5.48 and its two-hundred day simple moving average is $5.67. Energy Fuels has a 1-year low of $4.19 and a 1-year high of $8.68.

Hedge Funds Weigh In On Energy Fuels

A number of institutional investors have recently modified their holdings of UUUU. Sumitomo Mitsui Trust Holdings Inc. bought a new position in shares of Energy Fuels in the first quarter valued at approximately $392,000. Principal Financial Group Inc. boosted its holdings in Energy Fuels by 14.3% during the 1st quarter. Principal Financial Group Inc. now owns 21,111 shares of the company's stock worth $133,000 after acquiring an additional 2,639 shares during the last quarter. BNP Paribas Financial Markets grew its stake in shares of Energy Fuels by 54.4% in the 1st quarter. BNP Paribas Financial Markets now owns 124,693 shares of the company's stock worth $784,000 after acquiring an additional 43,940 shares in the last quarter. Janney Montgomery Scott LLC raised its holdings in shares of Energy Fuels by 19.3% in the first quarter. Janney Montgomery Scott LLC now owns 57,805 shares of the company's stock valued at $364,000 after purchasing an additional 9,335 shares during the last quarter. Finally, Swiss National Bank grew its position in Energy Fuels by 2.6% in 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 in the last quarter. 48.24% of the stock is owned by institutional investors and hedge funds.

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.