Uranium Energy Corp. (NYSEAMERICAN:UEC) Receives $17.66 Consensus Price Target from Brokerages

Shares of Uranium Energy Corp. (NYSEAMERICAN:UEC) have been assigned an average recommendation of “Moderate Buy” from the nine brokerages that are covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation, six have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $17.4063.

Several equities analysts recently issued reports on the stock. TD Securities cut their price target on shares of Uranium Energy from $22.00 to $21.00 and set a “buy” rating for the company in a report on Wednesday, March 11th. HC Wainwright reissued a “buy” rating and set a $26.75 price target on shares of Uranium Energy in a report on Wednesday. Roth Mkm set a $17.00 price target on shares of Uranium Energy in a report on Wednesday, March 11th. Finally, The Goldman Sachs Group reissued a “buy” rating and set a $16.00 price target on shares of Uranium Energy in a report on Tuesday.

Hedge Funds Weigh In On Uranium Energy

Institutional investors have recently added to or reduced their stakes in the company. Independent Wealth Network Inc. raised its stake in shares of Uranium Energy by 2.0% in the fourth quarter. Independent Wealth Network Inc. now owns 30,514 shares of the basic materials company’s stock worth $356,000 after acquiring an additional 597 shares during the last quarter. Clear Creek Financial Management LLC raised its stake 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 worth $338,000 after acquiring an additional 655 shares during the last quarter. Balboa Wealth Partners raised its stake 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 worth $376,000 after acquiring an additional 775 shares during the last quarter. U.S. Capital Wealth Advisors LLC raised its stake 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 worth $184,000 after acquiring an additional 778 shares during the last quarter. Finally, Heritage Family Offices LLP raised its stake in shares of Uranium Energy by 5.2% in the fourth quarter. Heritage Family Offices LLP now owns 15,785 shares of the basic materials company’s stock worth $184,000 after acquiring an additional 785 shares during the last quarter. 62.28% of the stock is owned by institutional investors.

Uranium Energy Stock Performance

Shares of Uranium Energy stock opened at $11.03 on Friday. The firm’s 50-day simple moving average is $13.84 and its 200-day simple moving average is $14.28. Uranium Energy has a twelve month low of $5.90 and a twelve month high of $20.34. The firm has a market cap of $5.46 billion, a P/E ratio of -91.92 and a beta of 1.12.

Uranium Energy (NYSEAMERICAN:UEC) last announced its quarterly earnings results on Tuesday, March 10th. The basic materials company reported ($0.03) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.03). The firm had revenue of $20.20 million for the quarter, compared to the consensus estimate of $12.85 million. On average, equities analysts forecast that Uranium Energy will post -0.15 earnings per share for the current fiscal year.

Uranium Energy Company Profile

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.