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Daniel Kapostasy, Vice President of Technical Services at Energy Fuels (TSX:EFR) Inc. (NYSE:UUUU), recently sold 12,350 common shares of the company, totaling $50,634. The shares were sold at an average price of $4.10 each, notably below the stock’s 52-week high of $7.47. Following this transaction, Kapostasy holds 57,705 shares directly. According to InvestingPro data, the company maintains strong liquidity with a current ratio of 3.88, while analysts have set price targets ranging from $5.75 to $10.75.
Earlier on the same day, Kapostasy acquired 19,487 common shares through the exercise of employee stock options at a price of $1.76 per share, totaling $34,297. After these transactions, his direct ownership stands at 57,705 shares. While the stock has seen a -19.49% return year-to-date, InvestingPro analysis reveals 8 additional key insights about Energy Fuels’ financial health and growth prospects, available exclusively to subscribers.
In other recent news, Energy Fuels reported its financial results for 2024, showing a total revenue of $78.1 million but a net loss of $47.8 million, or ($0.28) per share. This contrasts with the 2023 figures, where the company had revenue of $37.9 million and a net income of $99.8 million, or $0.63 per share. The revenue increase was largely driven by $39.9 million in sales from heavy mineral sand, shifting from uranium concentrate sales as the primary revenue source. The net loss was attributed to increased operating expenses and costs from strategic acquisitions, including the acquisition of Base Resources (LON:BSE) and the Donald Project joint venture. Additionally, Energy Fuels recognized a gain of $119.3 million from the sale of the Alta Mesa Project.
Analysts at H.C. Wainwright adjusted the stock’s price target to $10.75 from $11.00 while maintaining a Buy rating, citing optimism for growth in 2025 due to expanded operations. Meanwhile, Roth/MKM analysts upgraded Energy Fuels from Neutral to Buy, raising the price target to $5.75 from $5.50, following the resolution of key concerns and successful capital raising efforts. The resolution with the Navajo Nation was also noted as a positive development, removing a potential operational risk. These recent developments suggest a cautiously optimistic outlook from analysts regarding Energy Fuels’ future performance.
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