Energy Fuels Shares Cross Above 50-Day Moving Average

Analysts Weigh In on the Stock's Performance

Published on Feb. 28, 2026

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Shares of Energy Fuels Inc. (TSE:EFR), a leading U.S. critical materials company focused on uranium, rare earth elements, and other resources, crossed above their 50-day moving average during trading on Friday. The stock reached as high as C$31.20 before closing at C$29.13, with over 1.5 million shares traded.

Why it matters

Crossing above the 50-day moving average is often seen as a bullish technical indicator, suggesting the stock may be poised for further gains. Energy Fuels has been a top U.S. producer of natural uranium concentrate in recent years, supplying fuel for carbon-free nuclear energy.

The details

Several brokerages have recently weighed in on Energy Fuels' stock performance. Roth Mkm upgraded the shares from a "strong sell" to a "hold" rating, while The Goldman Sachs Group moved the stock to a "strong-buy" rating. The company reported a quarterly loss in its most recent earnings release, but analysts remain optimistic about its long-term prospects.

  • Energy Fuels shares crossed above the 50-day moving average of C$27.97 on Friday, February 28, 2026.
  • The stock reached an intraday high of C$31.20 on the same day.

The players

Energy Fuels Inc.

A leading U.S. critical materials company focused on uranium, rare earth elements, and other resources. The company owns and operates several conventional and in-situ recovery uranium projects in the western United States, as well as the White Mesa Mill in Utah.

Roth Mkm

A research firm that upgraded its rating on Energy Fuels' stock from "strong sell" to "hold".

The Goldman Sachs Group

A research firm that upgraded its rating on Energy Fuels' stock to "strong-buy".

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What they’re saying

“We must not let individuals continue to damage private property in San Francisco.”

— Robert Jenkins, San Francisco resident (San Francisco Chronicle)

The takeaway

Energy Fuels' stock performance highlights the company's importance as a leading U.S. producer of critical materials like uranium, which are essential for the country's transition to clean energy. The positive analyst sentiment and technical indicators suggest the stock may have further upside potential.