Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?
Energy Fuels (UUUU) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
Energy Fuels Inc (NYSE:UUUU ) Q3 2024 Earnings Conference Call November 1, 2024 12:00 PM ET Company Participants Mark Chalmers - President and Chief Executive Officer Nathan Bennett - Chief Accounting Officer and Interim Chief Financial Officer Kim Casey - Investor Relations Manager Conference Call Participants Heiko Ihle - H.C. Wainwright Justin Chan - SCP Resource Finance Joseph Reagor - ROTH Capital Partners Noel Parks - Tuohy Brothers Mike Kozak - Cantor Fitzgerald Puneet Singh - Eight Capital Operator Good afternoon.
Energy Fuels (UUUU) came out with a quarterly loss of $0.07 per share versus the Zacks Consensus Estimate of a loss of $0.05. This compares to loss of $0.02 per share a year ago.
Energy Fuels' Q3 results are likely to reflect the impacts of lower uranium sales and higher costs. Let us analyze how investors should play the UUUU stock now.
In the most recent trading session, Energy Fuels (UUUU) closed at $6.17, indicating no shift from the previous trading day.
Energy Fuels (UUUU) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
Energy Fuels (UUUU) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
In the most recent trading session, Energy Fuels (UUUU) closed at $6.64, indicating a +0.61% shift from the previous trading day.
Energy Fuels (UUUU) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.
Energy Fuels UUUU acquired Base Resources Limited in a bid to become a leading global producer of rare earth elements (REE), which are essential in various clean energy technologies. This will also strengthen UUUU's potential to become a major producer of titanium and zirconium minerals.
In the closing of the recent trading day, Energy Fuels (UUUU) stood at $5.40, denoting a +0.09% change from the preceding trading day.