Uranium Energy Corp. (NYSEAMERICAN:UEC) Receives $17.41 Average Price Target from Analysts

Uranium Energy Corp. (NYSEAMERICAN:UECGet Free Report) has earned an average rating of “Moderate Buy” from the nine brokerages that are presently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation, six have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among brokers that have covered the stock in the last year is $17.4062.

Several equities analysts have weighed in on the company. HC Wainwright reissued a “buy” rating and set a $26.75 price objective on shares of Uranium Energy in a report on Wednesday, June 10th. The Goldman Sachs Group restated a “buy” rating and issued a $16.00 target price on shares of Uranium Energy in a research note on Tuesday, June 9th.

Get Our Latest Report on UEC

Institutional Investors Weigh In On Uranium Energy

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in UEC. PenderFund Capital Management Ltd. bought a new stake in shares of Uranium Energy in the second quarter valued at approximately $35,000. Caitong International Asset Management Co. Ltd bought a new position in Uranium Energy in the 4th quarter worth approximately $39,000. EFG International AG bought a new position in Uranium Energy in the 2nd quarter worth approximately $43,000. Longview Financial Advisors Inc. purchased a new position in Uranium Energy in the 1st quarter valued at approximately $52,000. Finally, N.E.W. Advisory Services LLC purchased a new position in Uranium Energy in the 4th quarter valued at approximately $53,000. 62.28% of the stock is currently owned by institutional investors.

Uranium Energy Stock Down 2.0%

UEC opened at $12.51 on Thursday. The stock has a market cap of $6.19 billion, a price-to-earnings ratio of -104.25 and a beta of 1.22. Uranium Energy has a twelve month low of $8.90 and a twelve month high of $20.34. The company’s 50-day moving average price is $10.64 and its two-hundred day moving average price is $12.91.

Uranium Energy (NYSEAMERICAN:UECGet Free Report) last issued its quarterly earnings results on Tuesday, June 9th. The basic materials company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.04). As a group, sell-side analysts anticipate that Uranium Energy will post -0.15 earnings per share for the current 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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