Uranium Energy Corp. (NYSEAMERICAN:UEC) Receives $17.66 Average Price Target from Analysts

Uranium Energy Corp. (NYSEAMERICAN:UECGet Free Report) has received a consensus recommendation of “Moderate Buy” from the nine brokerages that are covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation, six have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $17.6563.

UEC has been the topic of a number of recent analyst reports. HC Wainwright boosted their target price on shares of Uranium Energy from $26.50 to $26.75 and gave the stock a “buy” rating in a report on Wednesday, March 11th. TD Securities lowered their target price on shares of Uranium Energy from $22.00 to $21.00 and set a “buy” rating on the stock in a report on Wednesday, March 11th. The Goldman Sachs Group restated a “buy” rating and set a $18.00 target price on shares of Uranium Energy in a report on Wednesday, February 4th. Finally, Roth Mkm set a $17.00 target price on shares of Uranium Energy in a report on Wednesday, March 11th.

Check Out Our Latest Stock Report on Uranium Energy

Hedge Funds Weigh In On Uranium Energy

A number of institutional investors have recently added to or reduced their stakes in the company. Independent Wealth Network Inc. increased its holdings in Uranium Energy by 2.0% during the fourth quarter. Independent Wealth Network Inc. now owns 30,514 shares of the basic materials company’s stock worth $356,000 after buying an additional 597 shares during the last quarter. Clear Creek Financial Management LLC increased its holdings in shares of Uranium Energy by 2.3% in the fourth quarter. Clear Creek Financial Management LLC now owns 28,949 shares of the basic materials company’s stock valued at $338,000 after purchasing an additional 655 shares during the last quarter. CoreCap Advisors LLC increased its holdings in shares of Uranium Energy by 3.1% in the third quarter. CoreCap Advisors LLC now owns 25,200 shares of the basic materials company’s stock valued at $336,000 after purchasing an additional 750 shares during the last quarter. Balboa Wealth Partners increased its holdings in shares of Uranium Energy by 2.9% in 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 during the last quarter. Finally, U.S. Capital Wealth Advisors LLC increased its holdings in shares of Uranium Energy by 5.2% in the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 15,778 shares of the basic materials company’s stock valued at $184,000 after purchasing an additional 778 shares during the last quarter. 62.28% of the stock is currently owned by institutional investors and hedge funds.

Uranium Energy Stock Down 3.3%

Shares of UEC stock opened at $13.20 on Tuesday. The firm has a market cap of $6.47 billion, a PE ratio of -110.00 and a beta of 1.17. Uranium Energy has a 12 month low of $5.03 and a 12 month high of $20.34. The company’s fifty day simple moving average is $14.07 and its 200-day simple moving average is $14.28.

Uranium Energy (NYSEAMERICAN:UECGet Free Report) last issued its earnings results on Tuesday, March 10th. The basic materials company reported ($0.03) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.03). The firm had revenue of $20.20 million for the quarter, compared to analyst estimates of $12.85 million. On average, equities analysts predict that Uranium Energy will post -0.12 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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