Shares of Uranium Energy Corp. (NYSEAMERICAN:UEC – Get Free Report) have been assigned an average rating of “Moderate Buy” from the eight ratings firms that are presently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $16.75.
UEC has been the subject of several research reports. Royal Bank Of Canada initiated coverage on shares of Uranium Energy in a research report on Friday, October 2nd. They issued a “sector perform” rating and a $10.00 price target for the company. HC Wainwright reaffirmed a “buy” rating and issued a $26.75 price objective on shares of Uranium Energy in a research report on Wednesday, September 30th. Jefferies Financial Group assumed coverage on Uranium Energy in a research report on Thursday, September 3rd. They issued a “hold” rating and a $11.50 price objective for the company. National Bank Financial cut their target price on Uranium Energy from $16.00 to $15.00 and set an “outperform” rating on the stock in a research report on Monday, October 5th. Finally, Zacks Research downgraded Uranium Energy from a “hold” rating to a “strong sell” rating in a report on Monday, October 5th.
Check Out Our Latest Stock Report on UEC
Uranium Energy Stock Up 6.1%
NYSEAMERICAN:UEC opened at $8.17 on Friday. Uranium Energy has a 52 week low of $7.27 and a 52 week high of $20.34. The business’s 50-day simple moving average is $10.64 and its two-hundred day simple moving average is $11.75. The stock has a market cap of $4.05 billion, a PE ratio of -29.18 and a beta of 1.38.
Uranium Energy (NYSEAMERICAN:UEC – Get Free Report) last released its quarterly earnings results on Tuesday, September 29th. The basic materials company reported ($0.12) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.08). The business had revenue of $17.05 million during the quarter, compared to analyst estimates of $9.00 million. Sell-side analysts anticipate that Uranium Energy will post -0.08 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in UEC. Krilogy Financial LLC increased its holdings in shares of Uranium Energy by 18.2% in the third quarter. Krilogy Financial LLC now owns 18,995 shares of the basic materials company’s stock valued at $168,000 after purchasing an additional 2,926 shares during the last quarter. GAMMA Investing LLC raised its position in shares of Uranium Energy by 26.6% during the 3rd quarter. GAMMA Investing LLC now owns 11,360 shares of the basic materials company’s stock valued at $107,000 after buying an additional 2,386 shares during the period. Segra Capital Management LLC acquired a new stake in Uranium Energy during the third quarter worth $5,198,000. Sequoia Financial Advisors LLC lifted its holdings in shares of Uranium Energy by 6.0% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 18,673 shares of the basic materials company’s stock worth $199,000 after acquiring an additional 1,050 shares during the last quarter. Finally, Integrated Wealth Concepts LLC raised its position in Uranium Energy by 28.2% in the second quarter. Integrated Wealth Concepts LLC now owns 66,655 shares of the basic materials company’s stock valued at $711,000 after purchasing an additional 14,679 shares during the period. 62.28% of the stock is owned by institutional investors and hedge funds.
About Uranium Energy
Uranium Energy Corp. is a uranium mining and exploration company headquartered in Corpus Christi, Texas. The company focuses on the acquisition, development and operation of uranium projects, with an emphasis on in-situ recovery (ISR), a mining method that extracts uranium from underground deposits without conventional open-pit or underground mining. Its operations and development portfolio are primarily located in the United States, including projects in Texas and Wyoming.
UEC’s U.S. assets include ISR projects, processing facilities and associated resource properties.
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