Uranium Energy (NYSEAMERICAN:UEC) Releases Earnings Results, Misses Expectations By $0.06 EPS

Uranium Energy (NYSEAMERICAN:UEC) announced its earnings results on Tuesday. The basic materials company reported ($0.11) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.06), FiscalAI reports.

Uranium Energy Trading Down 0.3%

UEC opened at $12.61 on Tuesday. The business’s 50 day moving average is $14.05 and its 200-day moving average is $14.33. The stock has a market cap of $6.18 billion, a PE ratio of -105.08 and a beta of 1.12. Uranium Energy has a twelve month low of $5.90 and a twelve month high of $20.34.

Institutional Investors Weigh In On Uranium Energy

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Mercer Global Advisors Inc. ADV purchased a new position in shares of Uranium Energy during the 4th quarter valued at $123,000. Summit Securities Group LLC purchased a new position in shares of Uranium Energy during the 4th quarter valued at $93,000. Vise Technologies Inc. purchased a new position in shares of Uranium Energy during the 4th quarter valued at $129,000. Sender Co & Partners Inc. purchased a new position in shares of Uranium Energy during the 2nd quarter valued at $88,000. Finally, Main Street Financial Solutions LLC purchased a new position in shares of Uranium Energy during the 2nd quarter valued at $96,000. Institutional investors own 62.28% of the company’s stock.

Wall Street Analysts Forecast Growth

UEC has been the subject of a number of research reports. HC Wainwright reiterated a “buy” rating and issued a $26.75 price target on shares of Uranium Energy in a research note on Wednesday, May 20th. TD Securities decreased their price target on Uranium Energy from $22.00 to $21.00 and set a “buy” rating for the company in a research note on Wednesday, March 11th. Finally, Roth Mkm set a $17.00 price target on Uranium Energy in a research note on Wednesday, March 11th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $17.66.

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.