Analysts Set Uranium Energy Corp. (NYSEAMERICAN:UEC) Price Target at $17.66

Uranium Energy Corp. (NYSEAMERICAN:UEC) has been assigned an average recommendation of “Moderate Buy” from the nine brokerages that are covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $17.6563.

Several equities analysts have recently commented on the company. TD Securities cut their price target on Uranium Energy from $22.00 to $21.00 and set a “buy” rating on the stock in a research note on Wednesday, March 11th. The Goldman Sachs Group restated a “buy” rating and set a $18.00 price target on shares of Uranium Energy in a research note on Wednesday, February 4th. HC Wainwright raised their price target on Uranium Energy from $26.50 to $26.75 and gave the company a “buy” rating in a research note on Wednesday, March 11th. Finally, Roth Mkm set a $17.00 price objective on Uranium Energy in a research report on Wednesday, March 11th.

Institutional Investors Weigh In On Uranium Energy

A number of institutional investors have recently added to or reduced their stakes in the stock. Pinnacle Wealth Management Advisory Group LLC bought a new stake in Uranium Energy during the first quarter valued at about $146,000. Longview Financial Advisors Inc. bought a new stake in Uranium Energy during the first quarter valued at about $52,000. Banque Cantonale Vaudoise boosted its position in Uranium Energy by 20.3% during the first quarter. Banque Cantonale Vaudoise now owns 145,891 shares of the basic materials company’s stock valued at $1,970,000 after purchasing an additional 24,614 shares in the last quarter. Balboa Wealth Partners boosted its position in Uranium Energy by 2.9% during the first quarter. Balboa Wealth Partners now owns 27,820 shares of the basic materials company’s stock valued at $376,000 after purchasing an additional 775 shares in the last quarter. Finally, Hsbc Holdings PLC bought a new stake in Uranium Energy during the fourth quarter valued at about $2,857,000. Institutional investors own 62.28% of the company’s stock.

Uranium Energy Trading Down 4.5%

Shares of Uranium Energy stock opened at $14.45 on Friday. The firm has a market cap of $7.08 billion, a P/E ratio of -120.42 and a beta of 1.18. Uranium Energy has a 12 month low of $4.78 and a 12 month high of $20.34. The stock’s fifty day moving average price is $14.28 and its 200-day moving average price is $14.23.

Uranium Energy (NYSEAMERICAN:UEC) last announced its quarterly earnings results on Tuesday, March 10th. The basic materials company reported ($0.03) EPS for the quarter, meeting the consensus estimate of ($0.03). The firm had revenue of $20.20 million for the quarter, compared to analysts’ expectations of $12.85 million. Analysts forecast that Uranium Energy will post -0.1 earnings per share for the current year.

About Uranium Energy

Uranium Energy Corp. is a uranium mining and exploration company focused on the development and production of uranium through in-situ recovery (ISR) methods. The company’s core activities include operating ISR projects, advancing exploration properties, and engaging in joint ventures to secure uranium supply for nuclear power generation. Uranium Energy’s approach emphasizes environmentally conscious extraction techniques that minimize land disturbance and water usage compared with conventional mining.

The company’s primary producing asset is the Hobson ISR facility in South Texas, which commenced production to supply uranium concentrate to nuclear utilities.