Energy Fuels reported a loss of C$0.2792 per share, wider than the C$0.04 loss analysts expected. It was the company’s fourth consecutive miss in comparable quarterly results.
Energy Fuels Inc. (TSX: EFR) released its results after markets closed on November 4 for the quarter ended September 30, 2026. Its reported loss per share of C$0.2792 was 598% wider than the C$0.04 loss analysts expected. For Canadian investors, the question is how the loss fits with the company’s uranium business and its plans to expand into rare earths and other critical materials.
Recent earnings trend
Energy Fuels Inc
EFR.TO
EFR.TO
Energy Fuels Inc
WealthAwesomeMarket cap
$2.44B
52W high
$37.85
52W low
$8.71
1W change
-14.49%
Beta
1.93
Analyst Price Targets
Based on analyst covering EFR · as of Oct 22, 2026
Wall Street analysts forecast EFR stock price to rise 313.1% over the next 12 months.
Consensus
BullishBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$38.13
+313.1% Upside
Previously C$40.63 on Sep 21, 2026
Current Price
C$9.23
Last close
Targets are snapshotted when they change. Unchanged figures keep their original date. Not financial advice.
Wealth Awesome Price Forecast
WA ModelStatistical 90-day price range based on EFR's historical volatility
30-Day Vol
64.4%
Annualized
90-Day Vol
68.0%
Annualized
Trend (90d)
-50.0%
Annualized drift
90d Mean
C$7.72
Expected price
| Horizon | Expected | 68% Range (1σ) |
|---|---|---|
| 30 trading days | C$8.70 | C$6.96 – C$10.86 |
| 60 trading days | C$8.19 | C$5.98 – C$11.22 |
| 90 trading days | C$7.72 | C$5.25 – C$11.35 |
Methodology: Range is calculated using 30-day realized volatility via geometric Brownian motion (log-normal model). 68% band = ±1σ, 95% band = ±2σ. This is a statistical model, not a prediction. Past volatility does not guarantee future results. Not financial advice.
Analyst coverage: 3 analyst(s) cover this name; upcoming EPS consensus is available.
| Fiscal period | Report date | Actual EPS | Estimate | Surprise |
|---|---|---|---|---|
| 2026-09-30 | 2026-11-04 | -0.2792 | -0.0400 | -598.0% |
| 2026-06-30 | 2026-08-05 | -0.1800 | -0.0600 | -200.0% |
| 2026-03-31 | 2026-05-06 | -0.0500 | -0.0200 | -150.0% |
| 2025-12-31 | 2026-02-26 | -0.1200 | -0.1000 | -20.0% |
| 2025-09-30 | 2025-11-03 | -0.1000 | -0.0700 | -42.9% |
| 2025-06-30 | 2025-08-06 | -0.1400 | -0.0500 | -180.0% |
Investor takeaway: Energy Fuels has missed earnings estimates in each of the past four comparable quarters. Its trailing 12-month EPS is -C$0.47, and its profit margin is -77.30%. The company has growth opportunities in uranium and rare earths, but the earnings figures provided don’t show whether those efforts are improving profitability. Investors should weigh that uncertainty against the company’s longer-term prospects. Visit the Energy Fuels stock page for more information about the company and its shares.
C$0.2792 loss per share
Analysts expected a loss of C$0.04 per share. The result was 598% worse than expected and marks Energy Fuels’ fourth consecutive comparable-quarter miss. The earnings trend appears elsewhere in the article; the main point is that this result continues the recent pattern.
Bull case
Energy Fuels produces uranium and rare earth elements in the United States, and also has exposure to vanadium and heavy mineral sands. The company says its White Mesa Mill in Utah is the only fully licensed, operating conventional uranium processing facility in the country. It’s also working to expand its rare earth separation capabilities.
In a company update, Energy Fuels said a major Japanese magnet producer had approved its terbium oxide for commercial use. That could open the door to higher-value sales if the company begins commercial production. These projects could expand the business beyond uranium, but the figures provided don’t yet show stronger earnings as a result.
Bear case
Energy Fuels has missed earnings estimates in each of its last four comparable quarters. Reported EPS was -C$0.12, -C$0.05, -C$0.18 and -C$0.2792, compared with estimates of -C$0.10, -C$0.02, -C$0.06 and -C$0.04. The latest loss was much wider than expected.
The shares closed at C$9.23, below the 50-day moving average of C$15.45 and the 200-day average of C$22.46. Its 77.30% negative profit margin also shows that the company remains unprofitable based on the trailing figures provided.
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