Roth Capital Research Analysts Raise Earnings Estimates for Energy Fuels Inc. (NYSE:UUUU)

Energy Fuels Inc. (NYSE:UUUU) – Research analysts at Roth Capital upped their FY2024 EPS estimates for shares of Energy Fuels in a research report issued on Monday, May 6th. Roth Capital analyst J. Reagor now expects that the company will post earnings per share of ($0.11) for the year, up from their previous estimate of ($0.13). The consensus estimate for Energy Fuels’ current full-year earnings is ($0.16) per share.

Energy Fuels (NYSE:UUUU) last posted its earnings results on Friday, May 3rd. The company reported $0.02 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.02. The firm had revenue of $25.43 million for the quarter, compared to the consensus estimate of $26.25 million. Energy Fuels had a negative return on equity of 6.33% and a negative net margin of 24.83%.

A number of other research analysts have also weighed in on UUUU. Roth Mkm lifted 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. B. Riley began coverage on Energy Fuels in a report on Thursday, April 18th. They set a “buy” rating and a $9.00 target price for the company. One research analyst has rated the stock with a sell rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $9.83.

Energy Fuels Price Performance

Shares of UUUU opened at $5.84 on Thursday. The stock has a market cap of $955.72 million, a PE ratio of -83.42 and a beta of 1.59. Energy Fuels has a 52-week low of $5.16 and a 52-week high of $9.02. The business’s 50-day moving average is $6.58.

Insiders Place Their Bets

In other 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 transaction, the director now directly 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 Securities & Exchange Commission, which is available through this link. 1.92% of the stock is owned by insiders.

Hedge Funds Weigh In On Energy Fuels

Hedge funds have recently made changes to their positions in the business. Raymond James Financial Services Advisors Inc. purchased a new stake in shares of Energy Fuels in the 3rd quarter worth about $122,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Energy Fuels by 21.8% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 99,541 shares of the company’s stock worth $822,000 after purchasing an additional 17,819 shares during the last quarter. Mackenzie Financial Corp boosted its stake in Energy Fuels by 1.8% in the 3rd quarter. Mackenzie Financial Corp now owns 84,860 shares of the company’s stock worth $645,000 after purchasing an additional 1,471 shares in the last quarter. CIBC Asset Management Inc grew its position in Energy Fuels by 4.1% during the 3rd quarter. CIBC Asset Management Inc now owns 150,715 shares of the company’s stock valued at $1,242,000 after purchasing an additional 5,891 shares during the last quarter. Finally, Private Advisor Group LLC increased its stake in Energy Fuels by 492.2% during the 3rd quarter. Private Advisor Group LLC now owns 69,815 shares of the company’s stock valued at $574,000 after purchasing an additional 58,025 shares in the last quarter. 48.24% of the stock is owned by hedge funds and other 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.