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Energy Fuels (UUUU) Stock Jumps 8.2%: Will It Continue to Soar?
Energy Fuels (UUUU) shares soared 8.2% in the last trading session to close at $16.56. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 8.8% loss over the past four weeks.Energy Fuels shares gained on the news that it secured a conditional $725 million financing commitment from the Department of War, U.S. Office of Strategic Capital ("OSC"). Subject to final due diligence and customary closing conditions, the $725 million loan with a tenor of 20 years will fund the expansion of critical minerals processing at Energy Fuels’ White Mesa Mill in Utah, as well as the construction of a rare earth metals and alloy facility in the United States.The financing will support infrastructure and capacity to process rare earth elements from the company's expanding domestic and international project pipeline.This uranium and vanadium miner and developer is expected to post quarterly loss of $0.05 per share in its upcoming report, which represents a year-over-year change of +50%. Revenues are expected to be $30.2 million, up 617.3% from the year-ago quarter.Earnings and revenue growth expectations certainly give a good sense of the potential strength in a stock, but empirical research shows that trends in earnings estimate revisions are strongly correlated with near-term stock price movements.For Energy Fuels, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on UUUU going forward to see if this recent jump can turn into more strength down the road. The stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>Energy Fuels belongs to the Zacks Mining - Non Ferrous industry. Another stock from the same industry, Lundin Mining (LUNMF), closed the last trading session 2.6% lower at $26.68. Over the past month, LUNMF has returned -1.2%.Lundin's consensus EPS estimate for the upcoming report has changed +1.1% over the past month to $0.29. Compared to the company's year-ago EPS, this represents a change of +163.6%. Lundin currently boasts a Zacks Rank of #3 (Hold).Zacks' Research Chief Names "Stock Most Likely to Double"Our team of experts has just released the 5 stocks with the greatest probability of gaining +100% or more in the coming months. Of those 5, Director of Research Sheraz Mian highlights the one stock set to climb highest.This top pick is a little-known satellite-based communications firm. Space is projected to become a trillion dollar industry, and this company's customer base is growing fast. Analysts have forecasted a major revenue breakout in 2025. Of course, all our elite picks aren't winners but this one could far surpass earlier Zacks' Stocks Set to Double like Hims & Hers Health, which shot up +209%.Free: See Our Top Stock And 4 Runners UpThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks
Quelle: Zacks