Monday, May 13, 2019
Energy Fuels, Inc. (UUUU)
Lowering Rating on Uncertain Outlook.
Energy Fuels Inc together with its subsidiary is engaged in the extraction and recovery of uranium properties in the United States. The company operates in two segments, ISR Uranium and Conventional Uranium. It conducts its ISR activities through its Nichols Ranch Project, located in northeast Wyoming.
Mark Reichman, Senior Research Analyst, Noble Capital Markets, Inc.
Refer to full report for price target, fundamental analysis and rating.
- Weaker than expected first quarter results. Energy Fuels reported a first quarter loss of $12.1 million, or ($0.13) per share, compared to a loss of $11.5 million, or ($0.14) per share during the prior year period. We had forecast a loss of $2.4 million, or ($0.03) per share. The variance to our estimate is attributed to lower sales.
- Updating estimates. We now project a 2019 loss of ($0.20) compared to our prior EPS estimate of $0.03. We have also lowered our 2020 EPS and EBITDA estimates to $0.06 and $14.8 million, from $0.12 and $26.6 million, respectively. Revisions to our estimates are driven by lower sales of uranium and vanadium and a reduc…
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