Uranium Energy Corp. (NYSEAMERICAN:UEC – Get 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
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:UEC – Get 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
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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