FY2024 Earnings Estimate for Energy Fuels Issued By B. Riley

Energy Fuels Inc. (NYSE:UUUU) – Analysts at B. Riley lifted their FY2024 earnings estimates for shares of Energy Fuels in a research report issued to clients and investors on Tuesday, November 5th. B. Riley analyst M. Key now anticipates that the company will post earnings of ($0.09) per share for the year, up from their previous estimate of ($0.10). The consensus estimate for Energy Fuels’ current full-year earnings is ($0.11) per share. B. Riley also issued estimates for Energy Fuels’ Q4 2024 earnings at $0.00 EPS, FY2025 earnings at $0.00 EPS and FY2028 earnings at $1.01 EPS.

Other analysts have also issued reports about the stock. HC Wainwright boosted their price target on shares of Energy Fuels from $10.75 to $11.00 and gave the stock a “buy” rating in a research note on Monday. Roth Mkm cut their price target on shares of Energy Fuels from $6.00 to $5.50 and set a “neutral” rating on the stock in a research note on Monday. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $8.50.

Energy Fuels Price Performance

Shares of NYSE:UUUU opened at $6.34 on Thursday. The firm has a market capitalization of $1.23 billion, a PE ratio of -28.82 and a beta of 1.60. The firm’s 50-day moving average is $5.54 and its two-hundred day moving average is $5.67. Energy Fuels has a 1 year low of $4.19 and a 1 year high of $8.68.

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

Hedge Funds Weigh In On Energy Fuels

Institutional investors and hedge funds have recently made changes to their positions in the stock. Lynx Investment Advisory acquired a new position in Energy Fuels in the second quarter valued at approximately $30,000. Eastern Bank acquired a new position in Energy Fuels in the third quarter valued at approximately $27,000. Ashton Thomas Private Wealth LLC acquired a new position in Energy Fuels in the second quarter valued at approximately $31,000. Signaturefd LLC boosted its holdings in shares of Energy Fuels by 261.7% in the third quarter. Signaturefd LLC now owns 5,972 shares of the company’s stock valued at $33,000 after acquiring an additional 4,321 shares during the period. Finally, Xponance Inc. acquired a new stake in shares of Energy Fuels in the second quarter valued at approximately $61,000. 48.24% of the stock is owned by institutional investors and hedge funds.

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.