Why did USAU's EPS stagnate in recent quarters?

The EPS of USAU has experienced a decline in the recent quarter ending Q3 2025, with a negative EPS of $0.54. This decline can be attributed to several factors:

1. **Operating Challenges and Reduced Capacity**: Endeavour Silver faced operational challenges in Q3 2024, including a trunnion failure at the Guanacevi mine, which led to reduced capacity and production levels. Similarly, Largo faced a weaker vanadium price environment and oversupply in Asia and Europe, which impacted its operating costs and profitability. These operational challenges can directly affect the profitability of a company, leading to a decline in EPS.
2. **Cost Management and Efficiency Issues**: Uranium Energy Corp reported a 31% reduction in operating costs in Q3 2024, reflecting a focus on cost efficiency and operational improvements. However, the reduction in operating costs did not necessarily translate to an improvement in EPS, as the company's revenue and gross profit were more significantly impacted by the sales of uranium at higher prices.

In conclusion, the stagnation of USAU's EPS in recent quarters can be attributed to a combination of operating challenges, cost management issues, and efficiency problems. These factors have a direct impact on the company's profitability, leading to a decline in EPS.

|code|Ticker|Name|Date|Diluted EPS YoY|Diluted EPS|market_code|
|---|---|---|---|---|---|---|
|USAU|USAU.O|U.S. Gold|2025 Q1|-29.032258064516135|-0.4|186|
|USAU|USAU.O|U.S. Gold|2025 Q2|-566.6666666666667|-0.2|186|
|USAU|USAU.O|U.S. Gold|2025 Q3|-200.00000000000006|-0.54|186|