Energy Fuels Inc. Forecasted to Post Q1 2024 Earnings of $0.03 Per Share (NYSE:UUUU)

Energy Fuels Inc. (NYSE:UUUU) – Analysts at B. Riley issued their Q1 2024 earnings per share (EPS) estimates for shares of Energy Fuels in a report issued on Wednesday, April 17th. B. Riley analyst M. Key anticipates that the company will earn $0.03 per share for the quarter. B. Riley currently has a “Buy” rating and a $9.00 target price on the stock. 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 raised their target price on Energy Fuels from $9.25 to $10.50 and gave the company a “buy” rating in a 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, the company presently has a consensus rating of “Moderate Buy” and an average price target of $9.83.

Energy Fuels Price Performance

Shares of NYSE:UUUU opened at $5.30 on Monday. Energy Fuels has a 1 year low of $4.99 and a 1 year high of $9.02.

Energy Fuels (NYSE:UUUU) last issued its earnings results on Friday, February 23rd. The company reported ($0.13) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.10). The firm had revenue of $0.47 million for the quarter, compared to the consensus estimate of $6.45 million.

Insider Activity

In other Energy Fuels news, Director J. Birks Bovaird sold 10,000 shares of the business’s stock in a transaction on Wednesday, April 3rd. The shares were sold at an average price of $9.28, for a total transaction of $92,800.00. Following the sale, the director now owns 187,380 shares of the company’s stock, valued at $1,738,886.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Institutional Trading of Energy Fuels

Hedge funds have recently made changes to their positions in the company. Sumitomo Mitsui Trust Holdings Inc. acquired a new stake in Energy Fuels during the 1st quarter valued at approximately $392,000. Virtu Financial LLC acquired a new position in shares of Energy Fuels during the fourth quarter valued at about $466,000. Goehring & Rozencwajg Associates LLC raised its stake in shares of Energy Fuels by 3.4% in the fourth quarter. Goehring & Rozencwajg Associates LLC now owns 851,444 shares of the company’s stock worth $6,122,000 after purchasing an additional 27,610 shares during the last quarter. Cohen & Steers Inc. lifted its stake in Energy Fuels by 22.8% during the 4th quarter. Cohen & Steers Inc. now owns 304,028 shares of the company’s stock valued at $2,186,000 after acquiring an additional 56,388 shares in the last quarter. Finally, Seven Eight Capital LP boosted its holdings in Energy Fuels by 148.2% during the 4th 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.

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.