Energy Fuels (AMEX:UUUU) Stock

Energy Fuels

Energy Fuels Inc is a United States-based critical minerals company. The Company mines uranium and produces natural uranium concentrates that are sold to nuclear utilities for the production of carbon-free nuclear energy. It holds two of America's key uranium production centers: The White Mesa Mill in Utah, and the Nichols Ranch ISR Facility in Wyoming. Its producing White Mesa Mill is the only conventional uranium mill in the United States and has a licensed capacity of approximately 8 million pounds of U3O8 per year. Nichols Ranch is in production and has a licensed capacity of approximately 2 million pounds of U3O8 per year. It also produces vanadium. Energy Fuels also owns several licensed and developed uranium and vanadium mines on standby and other projects in development.

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Uranium stocks have been surging thanks to the Constellation Energy Co. (NASDAQ: CEG) and Microsoft Co. deal for the largest power-purchasing deal in history. The large hyperscalers are committed to sustainable and clean energy solutions to power their data centers.

2 Uranium Stocks Fueling Growth From the Nuclear Power Surge

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Uranium stocks have been surging thanks to the Constellation Energy Co. (NASDAQ:CEG) and Microsoft Co. (NASDAQ:MSFT) deal for the largest power-purchasing deal in history. The large hyperscalers are committed to

Energy Fuels Inc Ordinary Shares (Canada)

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Energy Fuels And The Navajo Nation Announces The Signing Of A Landmark Agreement Governing The Transport Of Uranium Ore Along Federal And State Highways Crossing the Navajo Nation

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President Donald J. Trump Posts On Truth "... If we don't make a "deal," and soon, I have no other choice but to put high levels of Taxes, Tariffs, and Sanctions on anything being sold by Russia to the United States, and various other participating countries..."

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Trump's U.S. Treasury Pick Scott Bessent Says Clean Energy Spending Is 'Wildly Out Of Control' On The Upside;  In Favor Of More Nuclear Power Plants

<a href="https://www.bloomberg.com/news/articles/2024-12-12/canada-weighs-export-taxes-on-uranium-oil-if-trump-starts-trade-war?srnd=homepage-americas" title="https://www.bloomberg.com/news/articles/2024-12-12/canada-weighs-export-taxes-on-uranium-oil-if-trump-starts-trade-war?srnd=homepage-americas">https://www.bloomberg.com/news/articles/2024-12-12/canada-weighs-export-taxes-on-uranium-oil-if-trump-starts-trade-war?srnd=homepage-americas</a>

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Themes ETF Trust Themes Uranium & Nuclear ETF

URAN

Canada Weighs Export Taxes On Uranium, Oil If Trump Starts Trade War

HC Wainwright &amp; Co. analyst Heiko Ihle reiterates Energy Fuels (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/UUUU#AMEX">UUUU</a>) with a Buy and maintains $11 price target.

Reiteration

HC Wainwright & Co. Reiterates Buy on Energy Fuels, Maintains $11 Price Target

Macro Notification

Iran Has Stated That "Henceforth" It Intends To Feed Uranium Enriched Up To 20% Rather Than The Current 5% Into The Two Interconnected IR-6 Centrifuge Cascades At Fordow, Enriching To Up To 60% Purity

Watching Shares Of Energy Fuels; Traders Circulate Co. Mentioned As Zack's Alternate Energy Innovations Pick

Credit Suisse AG - Credit Suisse X-Links Crude Oil Shares Covered Call ETN

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Iran Agrees To Stop Producing Near Bomb-Grade Uranium; IAEA Reports Iran's Enriched Uranium Stockpile Grows to 6,604.4 KG; Discusses Stopping Further Expansion of 60% Enrichment Beyond 185 KG Amid Conditional Agreement on Additional IAEA Inspectors

WIIM

Shares of uranium stocks are trading higher following a report suggesting Russia has imposed temporary restrictions on the export of enriched uranium to the US.

Russia Has Imposed Temporary Restrictions On The Export Of Enriched Uranium To The U.S.; Russian Government Says Exception Is For Supplies Under One-Off Licences Issued By Federal Service For Technical And Export Control

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
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<li>Roth MKM lowered the price target for Energy Fuels Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UUUU#NYSE">UUUU</a>) from $6 to $5.5. Roth MKM analyst Joe Reagor maintained a Neutral rating. Energy Fuels shares closed at $5.60 on Friday. <a href="https://www.benzinga.com/quote/UUUU/analyst-ratings">See how other analysts view this stock</a>.</li>
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Roth MKM analyst Joe Reagor maintains Energy Fuels (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/UUUU#AMEX">UUUU</a>) with a Neutral and lowers the price target from $6 to $5.5.

Roth MKM Maintains Neutral on Energy Fuels, Lowers Price Target to $5.5

HC Wainwright &amp; Co. analyst Heiko Ihle maintains Energy Fuels (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/UUUU#AMEX">UUUU</a>) with a Buy and raises the price target from $10.75 to $11.

HC Wainwright & Co. Maintains Buy on Energy Fuels, Raises Price Target to $11

Energy Fuels (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/UUUU#AMEX">UUUU</a>) reported quarterly losses of $(0.07) per share which missed the analyst consensus estimate of $(0.04) by 75 percent. The company reported quarterly sales of $4.047 million which missed the analyst consensus estimate of $5.100 million by 20.65 percent. This is a 61.36 percent decrease over sales of $10.473 million the same period last year.

Earnings

Earnings Misses

Energy Fuels Q3 2024 GAAP EPS $(0.07) Misses $(0.04) Estimate, Sales $4.047M Miss $5.100M Estimate

Energy Fuels (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/UUUU#AMEX">UUUU</a>) is preparing to release its quarterly earnings on Thursday, 2024-10-31. Here's a brief overview of what investors should keep in mind before the announcement.
Analysts expect Energy Fuels to report an earnings per share (EPS) of $-0.05.
The announcement from Energy Fuels is eagerly anticipated, with investors seeking news of surpassing estimates and favorable guidance for the next quarter.
It's worth noting for new investors that guidance can be a key determinant of stock price movements.
<h3>Overview of Past Earnings</h3>
During the last quarter, the company reported an EPS beat by $0.01, leading to a 0.0% drop in the share price on the subsequent day.
Here's a look at Energy Fuels's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
<th>Q3 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>-0.05</td>
<td>0.02</td>
<td>-0.06</td>
<td>-0.05</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>-0.04</td>
<td>0.02</td>
<td>-0.13</td>
<td>0.07</td>
</tr>
<tr>
<td>Price Change %</td>
<td>-6.0%</td>
<td>-1.0%</td>
<td>-2.0%</td>
<td>-3.0%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1730311406_0.png" alt="eps graph" />
<a href="https://www.benzinga.com/quote/UUUU/earnings">To track all earnings releases for Energy Fuels visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

What's Next: Energy Fuels's Earnings Preview

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OKLO

Shares of nuclear-linked stocks are trading higher possibly amid continued strength. There has been optimism in the broader sector after Amazon Web Services and Google recently announced nuclear investments to fuel data centers.

Roth MKM analyst Joe Reagor maintains Energy Fuels (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/UUUU#AMEX">UUUU</a>) with a Neutral and raises the price target from $4.75 to $6.

Roth MKM Maintains Neutral on Energy Fuels, Raises Price Target to $6

Shares of uranium stocks are trading higher amid strength in nuclear names, which rose after Amazon Web Services announced plans to invest over $500 million in nuclear power.

HC Wainwright &amp; Co. analyst Heiko Ihle maintains Energy Fuels (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/UUUU#AMEX">UUUU</a>) with a Buy and raises the price target from $10.5 to $10.75.

HC Wainwright & Co. Maintains Buy on Energy Fuels, Raises Price Target to $10.75

Uranium stocks have been surging thanks to the Constellation Energy Co. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ceg#NASDAQ">CEG</a>) and Microsoft Co.&nbsp;deal for the largest power-purchasing deal in history. The large hyperscalers are committed to sustainable and clean energy solutions to power their data centers. The electricity will be supplied by restarting the Three Mile Island Unit 1 nuclear reactor pending regulatory approval by the United States Nuclear Regulatory Commission (NRC). Uranium is required to power this and other nuclear reactors, which is why uranium stocks in the oils and energy sector have been rising sharply.
Here are two more uranium stocks that are gaining from the movement to fuel nuclear power plants.
<h2>Uranium Royalty Gains Access Without the Risk of Mining and Processing </h2>
While Uranium Royalty Co. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/uroy#NASDAQ">UROY</a>) doesn&#39;t produce nor intends to produce uranium, it believes itself to be a pure-play uranium company. The word &#39;royalty&#39; in its name doesn&#39;t refer to monarchs or bloodlines but to royalty payments it receives from its portfolio of geographically diversified uranium assets. They basically make money off of partially owning uranium assets by collecting royalty payments without having to bear the capital expenditure (CAPEX) and risk that comes from operating a mining company.
<h3>A Portfolio of Royalty-Bearing Uranium Assets</h3>
Uranium Corp.&#39;s portfolio of 22 uranium assets for which it has minor and royalty interests. The interests range in project stage from exploration like the Rio Tinto Group (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/rio#NYSE">RIO</a>) owned Russell Lake project for which it can receive a 1.9766% of the net smelter return (MSR) to the 2% to 4% gross value return royalty (GVR) of the Energy Fuels Inc. (AMEX:UUUU) owned Whirlwind project to the 10% to 20% net profits interest (NPI) royalty from the Cigar Lake/Waterbury project operated by Cameco Co. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ccj#NYSE">CCJ</a>). The stock can be considered a mini-ETF of tiny stakes in uranium assets. Uranium Royalty also owns 2.8 million pounds of physical uranium. The company is still in the process of generating revenue.
<h2>Denison Mines&#39; Wheeler River Project: A Uranium Powerhouse in the Making</h2>
Denison Mines (AMEX:DNN) is a speculative uranium exploration and development company based in Toronto, Canada. It holds a 95% interest in its flagship Wheeler River Project, located in Saskatchewan&#39;s Athabasca Basin. The project spans roughly 300,000 hectares and includes the Gryphon and Phoenix deposits.
<h3>The Phoenix Deposit</h3>
While the Wheeler River Project isn&#39;t yet producing uranium, the Phoenix deposit is currently undergoing the permitting process for In-Situ Recovery (ISR). The Phoenix deposit has a 10-year mining life with probable resources of $56.7 million tons of U3O8 uranium. Approval is expected in 2025. The all-in-sustaining cost (AISC) is around $16.00 per pound, with $318.10 million in initial costs, making it extremely lucrative at current uranium spot prices above $80 per pound.
<h3>The Gryphon Deposit</h3>
The Gryphon deposit is several years behind Phoenix in development, with a mine life of 6.5 years and 49.7 million pounds of probable uranium resources. Its AISC is $25.47, but initial capital costs are higher, estimated at $564.2 million.
<h3>Denison&#39;s Uranium Inventory and Revenue Generating Interests</h3>
While Denison doesn&#39;t yet produce uranium, it owns 2.2 million pounds of it that it purchased for $29.60 per pound in 2021, worth around $178 million. It also generates revenue from its 22.5% stake in McClean Lake, which has a licensed mill for an annual production capacity of 24 million pounds. Dennison collects revenues from the toll milling. The mill processes ore from the Cigar Lake mine, where Cameco Corp operates.
Denison generated $964,000 in Q2 2024 with an EPS loss of 1 cent, matching consensus estimates. Incidentally, Denison is debt-free and has working capital and investments valued at nearly 70% of its market cap. This prompted BMO to upgrade its rating to Outperform from Market Perform with a $2.22 price target. CIBC started coverage on Denison with a Sector Outperform rating. MarketBeat has seven analyst Buy ratings with an average consensus price target of $2.93 and a high target of $3.25.
The article &quot;<a href="https://www.marketbeat.com/stock-ideas/2-uranium-stocks-fueling-growth-from-the-nuclear-power-surge/">2 Uranium Stocks Fueling Growth From the Nuclear Power Surge</a>&quot; first appeared on MarketBeat.

Press Releases

Federal Court of Australia Approves Transformational Acquisition of Base Resources

Commodities

US Rare Earth and Critical Mineral Supply Security Significantly Boosted as Energy Fuels Closes Acquisition of Australia's Base Resources

Energy Fuels to Host Conference Call on Acquisition of Base Resources

Energy Fuels Announces Q3-2024 Earnings Call Details

Energy Fuels Announces Q3-2024 Results, Including Active Uranium Mining and Processing, Successful Rare Earth Production, and Continuing to Build a World-Scale Rare Earth Supply Chain Centered in the U.S.

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Energy Fuels and Madagascar Government Execute Memorandum of Understanding to Further Advance Toliara Critical Mineral Project in Madagascar

Energy Fuels, Navajo Nation Department of Justice, and Navajo Nation Environmental Protection Agency Sign Landmark Agreement on Uranium Ore Transport and Abandoned Mine Cleanup

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