Energy Fuels
Mining uranium while building a rare-earth processing and mineral-sands platform.
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Profile
Produces and sells uranium concentrate through long-term utility contracts, spot transactions, and processing, while developing rare-earth and heavy-mineral-sands businesses. White Mesa is the integrated U.S. processing hub, but its current monazite and conventional-uranium circuits must run in separate campaigns.
Runs uranium, rare earth elements, and heavy mineral sands businesses around the White Mesa Mill in Utah. The licensed complex produces natural uranium concentrate, processes third-party uranium-bearing materials, recovers vanadium when scheduled, and separates rare-earth products from monazite.
Sells uranium through long-term utility contracts, spot-market transactions, and processing arrangements. Mines and projects span the western United States, Brazil, Madagascar, Australia, and Kenya, with heavy-mineral-sands management based in Perth.
Relies on campaign scheduling because White Mesa's current monazite and conventional-uranium circuits cannot run simultaneously. Further rare-earth output depends on permitted, financed, and constructed capacity plus sufficient feed from company projects, partners, third parties, or open-market purchases.
Company facts
Key statistics
Year to date −12.1% · Average volume (30d) 6.9M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Aug 14, 2026 | UBS | Upgrade | Neutral | |||
| Aug 14, 2026 | BMO Capital | Initiate | Outperform | $18 | ||
| Aug 7, 2026 | Roth Capital | Upgrade | Neutral | Buy | ||
| Jun 25, 2026 | Roth Capital | Target | $17 | $16 | ||
| Jun 12, 2026 | Goldman Sachs | Target | $21 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 6, 2026Q2 FY26 | −$0.05 | −$0.13 | −160.0% | $30.8M | $25.1M | −18.4% | +9.61% |
| May 6, 2026Q1 FY26 | −$0.03 | −$0.04 | −33.3% | $31.3M | $35.8M | +14.6% | −0.72% |
| Feb 26, 2026Q4 FY25 | −$0.07 | −$0.08 | −14.3% | $23.9M | $27.1M | +13.4% | −6.65% |
| Nov 4, 2025Q3 FY25 | −$0.08 | −$0.07 | +12.5% | $13.7M | $17.7M | +29.5% | −4.70% |
Financial highlights
| 11 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $16.9M | $4.2M | $17.7M | $27.1M | $35.8M | $25.1M | |
| Gross profit | −$3.6M | −$1.6M | $2.8M | $16.1M | $12.3M | $14.4M | |
| Operating income | −$26.2M | −$26.2M | −$26.7M | −$22.1M | −$14.5M | −$30.6M | |
| Net income | −$26.3M | −$21.8M | −$16.7M | −$20.8M | −$10.8M | −$33.4M | |
| Diluted EPS | −$0.13 | −$0.10 | −$0.07 | −$0.09 | −$0.05 | −$0.13 | |
| Gross margin | -21.1% | -39.1% | 16.1% | 59.5% | 34.4% | 57.4% | |
| Operating margin | -155.0% | -621.4% | -150.6% | -81.6% | -40.6% | -121.8% |
Fiscal years (4-quarter sums)FY24 $78.1M · FY25 $65.9M
Balance sheet, Jun 30, 2026Cash & short-term investments $936.8M · Total debt $681.9M · Total assets $1.53B · Shareholders' equity $792.6M
Dividends
No dividends on record.
Ownership
Shares outstanding 249.92M · Float 245.86M · 98.4% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Van Eck Associates Corp | 19.50M | 7.80% | 13F | Aug 14, 2026 |
| Mirae Asset Global Etfs Holdings Ltd. | 17.15M | 6.86% | 13F | Aug 14, 2026 |
| Global X Management CO LLC | 16.69M | 6.83% | 13G | May 15, 2026 |
| BlackRock, Inc. | 15.67M | 6.27% | 13F | Aug 7, 2026 |
| Vanguard Capital Management LLC | 14.88M | 5.96% | 13F | Aug 13, 2026 |
Insider tradesForm 4
No open-market trades in the last 12 months.
View detailsPeers
- Cameco
Large-scale uranium supplier to the same utilities.
- Uranium Energy
U.S. uranium supply and utility-contract rival.
- MP Materials
U.S. NdPr oxide and rare-earth magnet supply-chain rival.
- Ur-Energy
Wyoming ISR uranium output and utility-sales rival.
- Tronox
Ilmenite, rutile, and zircon supply rival.
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Energy Fuels | $14.69 | +0.14% | $3.67B | — | — | 34.7 | +496.1% |
| Cameco | $99.97 | −0.04% | $43.56B | 170.0 | 70.9 | 17.4 | −11.0% |
| Uranium Energy | $12.39 | −0.08% | $6.14B | — | — | 303.8 | −59.4% |
| MP Materials | $56.28 | +0.23% | $9.99B | — | 173.8 | 32.7 | +89.0% |
| Ur-Energy | $1.44 | +1.71% | $560.2M | — | — | 16.0 | +37.7% |
| Tronox | $5.50 | +2.04% | $861.4M | — | — | 0.3 | +18.7% |
| Median | 170.0 | 122.3 | 17.4 | +18.7% |