B. Riley Estimates Energy Fuels’ FY2024 Earnings (NYSE:UUUU)

Energy Fuels Inc. (NYSE:UUUU) – Analysts at B. Riley boosted their FY2024 earnings per share (EPS) estimates for Energy Fuels in a note issued to investors on Tuesday, November 5th. B. Riley analyst M. Key now expects that the company will post earnings per share of ($0.09) for the year, up from their prior forecast 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.

A number of other equities analysts have also recently commented on UUUU. HC Wainwright lifted their price objective on shares of Energy Fuels from $10.75 to $11.00 and gave the stock a “buy” rating in a research note on Monday, November 4th. Roth Mkm reduced their price objective on Energy Fuels from $6.00 to $5.50 and set a “neutral” rating on the stock in a research note on Monday, November 4th. One 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. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $8.50.

Energy Fuels Stock Performance

NYSE UUUU opened at $6.32 on Thursday. The stock has a 50 day moving average price of $5.57 and a 200-day moving average price of $5.67. Energy Fuels has a one year low of $4.19 and a one year high of $8.68. The company has a market capitalization of $1.23 billion, a P/E ratio of -28.73 and a beta of 1.60.

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

Hedge Funds Weigh In On Energy Fuels

Several hedge funds have recently added to or reduced their stakes in the company. ProShare Advisors LLC lifted its position in shares of Energy Fuels by 10.8% during the first quarter. ProShare Advisors LLC now owns 28,816 shares of the company’s stock worth $181,000 after purchasing an additional 2,798 shares during the last quarter. Sequoia Financial Advisors LLC boosted its position in Energy Fuels by 14.6% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 23,628 shares of the company’s stock valued at $143,000 after buying an additional 3,014 shares during the period. Vontobel Holding Ltd. increased its position in shares of Energy Fuels by 12.4% during the third quarter. Vontobel Holding Ltd. now owns 33,999 shares of the company’s stock worth $187,000 after acquiring an additional 3,752 shares during the period. Signaturefd LLC raised its stake in shares of 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 acquiring an additional 4,321 shares in the last quarter. Finally, The Manufacturers Life Insurance Company raised its stake in shares of Energy Fuels by 1.8% during the second quarter. The Manufacturers Life Insurance Company now owns 271,477 shares of the company’s stock valued at $1,643,000 after acquiring an additional 4,843 shares in the last quarter. 48.24% of the stock is currently owned by 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.