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

Energy Fuels Inc. (NYSE:UUUU) – Analysts at B. Riley issued their Q1 2024 earnings per share estimates for Energy Fuels in a research report issued on Wednesday, April 17th. B. Riley analyst M. Key expects that the company will post earnings of $0.03 per share for the quarter. B. Riley currently has a “Buy” rating and a $9.00 target price 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.

Energy Fuels (NYSE:UUUU) last posted its earnings results on Friday, February 23rd. The company reported ($0.13) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.10). The firm had revenue of $0.47 million during the quarter, compared to analysts’ expectations of $6.45 million. Energy Fuels had a negative return on equity of 7.97% and a net margin of 263.04%.

Separately, Roth Mkm boosted their target price on Energy Fuels from $9.25 to $10.50 and gave the stock a “buy” rating in a research report on Tuesday, January 23rd. One investment analyst has rated the stock with a sell rating and three have given a buy rating to the company. According to MarketBeat.com, Energy Fuels 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 stock has a market capitalization of $844.25 million, a P/E ratio of 8.31 and a beta of 1.53. Energy Fuels has a 12 month low of $4.99 and a 12 month high of $9.02. The stock has a 50-day moving average price of $6.84.

Insiders Place Their Bets

In other Energy Fuels news, Director J. Birks Bovaird sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, April 3rd. The stock was sold at an average price of $9.28, for a total transaction of $92,800.00. Following the sale, the director now directly owns 187,380 shares of the company’s stock, valued at $1,738,886.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.30% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Energy Fuels

Several large investors have recently added to or reduced their stakes in UUUU. MMCAP International Inc. SPC increased its stake in Energy Fuels by 50.7% during the fourth quarter. MMCAP International Inc. SPC now owns 3,693,009 shares of the company’s stock worth $25,888,000 after acquiring an additional 1,242,546 shares during the last quarter. Alps Advisors Inc. grew its stake in shares of Energy Fuels by 16.1% during the third quarter. Alps Advisors Inc. now owns 8,763,538 shares of the company’s stock valued at $72,036,000 after buying an additional 1,212,972 shares during the last quarter. Ameriprise Financial Inc. grew its stake in shares of Energy Fuels by 17.2% during the third quarter. Ameriprise Financial Inc. now owns 6,879,065 shares of the company’s stock valued at $56,546,000 after buying an additional 1,009,007 shares during the last quarter. FMR LLC grew its stake in shares of Energy Fuels by 1,084.9% during the third quarter. FMR LLC now owns 955,209 shares of the company’s stock valued at $7,848,000 after buying an additional 874,593 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Energy Fuels by 7.3% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 9,368,888 shares of the company’s stock valued at $67,498,000 after buying an additional 638,709 shares during the last quarter. 48.24% of the stock is owned by 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.