Energy Fuels Inc. (NYSE:UUUU) to Post Q1 2024 Earnings of $0.03 Per Share, B. Riley Forecasts

Energy Fuels Inc. (NYSE:UUUU) – Stock analysts at B. Riley issued their Q1 2024 earnings per share estimates for Energy Fuels in a report released on Wednesday, April 17th. B. Riley analyst M. Key forecasts that the company will post earnings per share of $0.03 for the quarter. B. Riley has a “Buy” rating and a $9.00 price target on the stock. The consensus estimate for Energy Fuels’ current full-year earnings is ($0.16) per share. B. Riley also issued estimates for Energy Fuels’ Q2 2024 earnings at ($0.05) EPS, Q3 2024 earnings at ($0.04) EPS, Q4 2024 earnings at ($0.04) EPS, FY2024 earnings at ($0.11) EPS, FY2025 earnings at $0.25 EPS, FY2026 earnings at $0.35 EPS, FY2027 earnings at $0.56 EPS and FY2028 earnings at $1.39 EPS.

Separately, Roth Mkm increased their target price on Energy Fuels from $9.25 to $10.50 and gave the company a “buy” rating in a research report on Tuesday, January 23rd. One equities research analyst has rated the stock with a sell rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $9.83.

Energy Fuels Stock Down 1.2 %

NYSE:UUUU opened at $5.24 on Monday. The company has a 50-day simple moving average of $6.84. The firm has a market capitalization of $844.25 million, a price-to-earnings ratio of 8.31 and a beta of 1.53. Energy Fuels has a twelve month low of $4.99 and a twelve month high of $9.02.

Energy Fuels (NYSE:UUUU) last released its quarterly earnings data on Friday, February 23rd. The company reported ($0.13) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.10). The business had revenue of $0.47 million during the quarter, compared to analyst estimates of $6.45 million. Energy Fuels had a net margin of 263.04% and a negative return on equity of 7.97%.

Hedge Funds Weigh In On Energy Fuels

A number of hedge funds have recently made changes to their positions in the stock. Sumitomo Mitsui Trust Holdings Inc. bought a new position in shares of Energy Fuels during the first quarter worth about $392,000. Virtu Financial LLC bought a new position in shares of Energy Fuels during the fourth quarter worth about $466,000. Goehring & Rozencwajg Associates LLC raised its position in shares of Energy Fuels by 3.4% during the fourth quarter. Goehring & Rozencwajg Associates LLC now owns 851,444 shares of the company’s stock worth $6,122,000 after acquiring an additional 27,610 shares during the last quarter. Cohen & Steers Inc. raised its position in shares of Energy Fuels by 22.8% during the fourth quarter. Cohen & Steers Inc. now owns 304,028 shares of the company’s stock worth $2,186,000 after acquiring an additional 56,388 shares during the last quarter. Finally, Seven Eight Capital LP raised its position in shares of Energy Fuels by 148.2% during the fourth quarter. Seven Eight Capital LP now owns 104,148 shares of the company’s stock worth $749,000 after acquiring an additional 62,185 shares during the last quarter. 48.24% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Energy Fuels

In other Energy Fuels news, Director J. Birks Bovaird sold 10,000 shares of the stock in a transaction dated Wednesday, April 3rd. The stock was sold at an average price of $9.28, for a total value of $92,800.00. Following the completion of the transaction, the director now directly owns 187,380 shares in the company, valued at $1,738,886.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 2.30% 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.