Uranium Energy Corp. (NYSEAMERICAN:UEC) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Uranium Energy Corp. (NYSEAMERICAN:UECGet Free Report) have received an average rating of “Moderate Buy” from the nine research firms that are presently covering the company, MarketBeat.com 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 1-year price objective among analysts that have covered the stock in the last year is $17.4062.

A number of equities analysts have recently commented on UEC shares. Roth Capital set a $17.00 price target on shares of Uranium Energy in a report on Wednesday, March 11th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $16.00 target price on shares of Uranium Energy in a research report on Tuesday, June 9th. HC Wainwright reiterated a “buy” rating and issued a $26.75 price target on shares of Uranium Energy in a research report on Wednesday, June 10th. Finally, TD Securities decreased their price target on Uranium Energy from $22.00 to $21.00 and set a “buy” rating for the company in a research note on Wednesday, March 11th.

Check Out Our Latest Research Report on UEC

Institutional Trading of Uranium Energy

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD boosted its stake in shares of Uranium Energy by 11.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 66,352,123 shares of the basic materials company’s stock valued at $774,995,000 after purchasing an additional 7,013,279 shares during the last quarter. Vanguard Group Inc. lifted its holdings in Uranium Energy by 32.2% in the fourth quarter. Vanguard Group Inc. now owns 47,247,813 shares of the basic materials company’s stock valued at $551,854,000 after buying an additional 11,521,597 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Uranium Energy by 9.9% during the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 26,599,686 shares of the basic materials company’s stock valued at $354,847,000 after acquiring an additional 2,393,683 shares during the last quarter. State Street Corp boosted its position in Uranium Energy by 9.5% during the second quarter. State Street Corp now owns 23,046,686 shares of the basic materials company’s stock valued at $156,717,000 after acquiring an additional 2,000,516 shares during the last quarter. Finally, Van ECK Associates Corp raised its position in shares of Uranium Energy by 25.3% in the 4th quarter. Van ECK Associates Corp now owns 19,665,665 shares of the basic materials company’s stock worth $229,695,000 after acquiring an additional 3,969,046 shares in the last quarter. Institutional investors and hedge funds own 62.28% of the company’s stock.

Uranium Energy Trading Down 6.5%

Shares of UEC stock opened at $9.90 on Wednesday. The firm has a market capitalization of $4.90 billion, a price-to-earnings ratio of -82.50 and a beta of 1.18. The business’s 50-day moving average price is $12.77 and its 200-day moving average price is $14.09. Uranium Energy has a 12 month low of $5.90 and a 12 month high of $20.34.

Uranium Energy (NYSEAMERICAN:UECGet Free Report) last issued its quarterly earnings data on Tuesday, June 9th. The basic materials company reported ($0.11) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.08). On average, sell-side analysts predict that Uranium Energy will post -0.15 earnings per share for the current fiscal year.

About Uranium Energy

(Get Free Report)

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.

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Analyst Recommendations for Uranium Energy (NYSEAMERICAN:UEC)

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