Energy Fuels(UUUU)
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Energy Fuels Inc (UUUU) is Attracting Investor Attention: Here is What You Should Know
ZACKS· 2024-06-11 14:05
Energy Fuels (UUUU) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term. Shares of this uranium and vanadium miner and developer have returned +1.2% over the past month versus the Zacks S&P 500 composite's +2.9% change. The Zacks Mining - Non Ferrous industry, to which Energy Fuels belongs, has lost 5.1% over this period. Now the key question is: Where could the stock be headed in the near ...
Is Energy Fuels (UUUU) a Buy as Wall Street Analysts Look Optimistic?
ZACKS· 2024-06-10 14:35
Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Energy Fuels (UUUU) . Energy Fuels currently has an average brokerage recommendation (ABR) of 1.60, on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell, etc.) made by five brokerage firms. An ABR of 1.60 approximates between Strong Buy and Buy. Brokerage Recommendation Trends for UUUU Whil ...
Energy Fuels Achieves Commercial Production of 'On-Spec' Separated Rare Earths at its White Mesa Mill in Utah, While Simultaneously Advancing Uranium Production
Prnewswire· 2024-06-10 12:00
The Company is extracting, refining and separating the NdPr from monazite produced by The Chemours Company ("Chemours") at its heavy mineral sand ("HMS") operations in Florida and Georgia. Energy Fuels began piloting REE separations in 2021, and later performed partial REE separations in 2022 and 2023. The Company used this experience, having compiled several years of real-time data, to custom design and construct its new Phase 1 REE separation circuit at the Mill, which is now operating as designed. The Co ...
Wall Street Analysts Think Energy Fuels (UUUU) Could Surge 41.53%: Read This Before Placing a Bet
ZACKS· 2024-05-30 14:55
Shares of Energy Fuels (UUUU) have gained 25.1% over the past four weeks to close the last trading session at $6.79, but there could still be a solid upside left in the stock if short-term price targets of Wall Street analysts are any indication. Going by the price targets, the mean estimate of $9.61 indicates a potential upside of 41.5%. The average comprises four short-term price targets ranging from a low of $6.50 to a high of $12.95, with a standard deviation of $2.67. While the lowest estimate indicate ...
‘U' Is for Uranium: Power Up Your Portfolio With Energy Fuels Stock
investorplace.com· 2024-05-29 10:30
Trivia time: Which company has a stock ticker with four U's in it? The answer is Energy Fuels (NYSEAMERICAN:UUUU), and of course, the U's are for uranium. However, as we'll discover, Energy Fuels doesn't only mine for uranium and Energy Fuels stock is an unexpectedly diversified resource investment. Energy Fuels mainly focuses on uranium mining, a great industry to be involved with now. Congress recently approved a ban on Russian imports of uranium (with certain exceptions), so this bodes well for domestic ...
Brokers Suggest Investing in Energy Fuels (UUUU): Read This Before Placing a Bet
zacks.com· 2024-05-24 14:31
When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important? Let's take a look at what these Wall Street heavyweights have to say about Energy Fuels (UUUU) before we discuss the reliability of brokerage recommendations and how to use them to your advantage. Energy Fuels currently has an average brokerage recommend ...
Energy Fuels(UUUU) - 2024 Q1 - Earnings Call Transcript
2024-05-06 20:00
Energy Fuels Inc (NYSE:UUUU) Q1 2024 Earnings Conference Call May 6, 2024 9:00 AM ET Company Participants Mark Chalmers - President and Chief Executive Officer Curtis Moore - Senior Vice President of Marketing and Corporate Development Nathan Bennett - Chief Accounting Officer Interim Chief Financial Officer Conference Call Participants Matthew Key - B. Riley Joseph Reagor - ROTH MKM Mike Heim - Noble Financial Markets Graham Tanaka - Tanaka Capital Management Operator Good morning. My name is Julie and I w ...
Energy Fuels(UUUU) - 2024 Q1 - Quarterly Report
2024-05-03 20:32
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________________ to ___________________ Commission file number: 001-36204 ENERGY FUELS INC. (Exact name of registrant as specified in its charter) Ontario,Canada 98-1 ...
Energy Fuels(UUUU) - 2023 Q4 - Earnings Call Transcript
2024-02-26 15:45
Financial Data and Key Metrics - The company reported a net income of nearly $100 million and $222 million in working capital at year-end, including cash, marketable securities, and significant uranium and vanadium inventories [43][6] - The company sold 560,000 pounds of uranium in 2023, generating a gross profit of $18 million, with a 54% gross margin [47][74] - The company has over $1 billion in assets and $250 million in liquidity, including inventories valued at current market prices [43][7] - In Q1 2024, the company sold 300,000 pounds of uranium at an average price of $84 per pound, with 200,000 pounds sold under contract at $75 per pound and 100,000 pounds sold at spot prices averaging $102.88 per pound [51][76] Business Line Data and Key Metrics - The company is restarting mining at three uranium mines and preparing two additional mines for future restarts, with over 10 million pounds of licensed production capacity [3][5] - The company is advancing its rare earth separation capabilities, with Phase 1 commissioning expected in April 2024, capable of producing up to 1,000 tonnes per year of NdPr oxide [12][71] - The company has 700,000 pounds of finished uranium, 900,000 pounds of finished vanadium, and 11 tonnes of separated rare earth carbonate in inventory [48] - The company is projecting between 150,000 to 500,000 pounds of finished uranium production in 2024, depending on the commissioning of the Phase 1 separation plant [9][83] Market Data and Key Metrics - The company has secured a potential sale of 100,000 pounds of uranium under contract and is evaluating spot sales opportunities for the remainder of 2024 [11][57] - The company is advancing permits for several large uranium mines, including Roca Honda, Sheep Mountain, and Bullfrog, which have the potential to produce an additional 4 million pounds of uranium annually [10] - The company is exploring opportunities in the vanadium market, with 900,000 pounds of finished V2O5 ready for sale when prices exceed $10 per pound [15] Company Strategy and Industry Competition - The company aims to become a world-significant uranium and critical mineral producer, leveraging its unique assets and expertise [2][39] - The company is diversifying into rare earths, vanadium, and medical isotopes, centered around its uranium production capabilities [39][46] - The company is focused on low-cost production and securing long-term sources of rare earth feed, such as the Bahia project in Brazil and the Donald project in Australia [53][79] - The company is advancing its Phase 2 and Phase 3 separation capabilities, which will significantly increase its rare earth production capacity [78] Management Commentary on Operating Environment and Future Outlook - Management highlighted the company's strong financial position, with no debt and significant liquidity, enabling aggressive but responsible growth [2][7] - Management expressed confidence in the company's ability to capitalize on high uranium prices and expand production, while also advancing rare earth and vanadium opportunities [14][96] - Management emphasized the company's commitment to community outreach and environmental sustainability, including recycling programs and contributions to local initiatives [17][82] Other Important Information - The company is completing engineering on a pilot facility for medical isotope production, focusing on Radium-226 and Radium-228 [55] - The company has secured a non-binding MOU for a significant rare earth deposit in Australia, which could supply 7,000 to 14,000 tonnes of monazite annually [79] - The company is under budget on its Phase 1 separation plant, with costs expected to be between $16 million and $18 million, $7 million to $9 million below initial estimates [12][87] Q&A Session Summary Question: Rare Earth Production Post-Q2 2024 - The company plans to commission the Phase 1 separation plant in April 2024 and then switch back to uranium production, focusing on maximizing uranium throughput [33][60] Question: Phase 1 Separation Plant Costs - The company has spent $8.2 million on Phase 1 as of year-end 2023, with the remaining $7.8 million to $9.8 million to be spent in 2024 [106] Question: Uranium Production Guidance Assumptions - The company's uranium production guidance for 2024 (150,000 to 500,000 pounds) depends on the timing of commissioning the Phase 1 separation plant and the availability of alternate feed sources [26][94] Question: Spot Market Sales Strategy - The company plans to opportunistically sell uranium on the spot market, balancing contracted deliveries with the goal of maximizing revenue from higher uranium prices [27][110] Question: Bottlenecks to Faster Uranium Production Expansion - The company identified capital investment and additional permits as key bottlenecks to expanding uranium production beyond 2 million pounds per year [23][103] Question: Phase 2 Separation Plant Timeline - The company is completing engineering for Phase 2 and will submit it to regulatory bodies once ready, with no specific timeline provided [86][101]
Energy Fuels(UUUU) - 2023 Q4 - Annual Report
2024-02-23 21:24
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________________ to ___________________ Commission file number: 001-36204 ENERGY FUELS INC. (Exact Name of Registrant as Specified in Its Charter) Ontario, Canada 98-10679 ...