Brokerages Set Uranium Energy Corp. (NYSEAMERICAN:UEC) Price Target at $17.53

Shares of Uranium Energy Corp. (NYSEAMERICAN:UECGet Free Report) have been assigned an average recommendation of “Moderate Buy” from the nine research firms that are covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a hold recommendation, six have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $17.5313.

Several equities analysts recently issued reports on UEC shares. Roth Mkm reissued a “buy” rating and set a $16.00 price target on shares of Uranium Energy in a report on Thursday, December 11th. Zacks Research raised shares of Uranium Energy from a “strong sell” rating to a “hold” rating in a research note on Monday, December 1st. HC Wainwright raised their price objective 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. The Goldman Sachs Group reiterated a “buy” rating and issued a $18.00 target price on shares of Uranium Energy in a research note on Wednesday, February 4th. Finally, TD Securities reduced their target price on Uranium Energy from $22.00 to $21.00 and set a “buy” rating on the stock in a report on Wednesday, March 11th.

View Our Latest Research Report on Uranium Energy

Hedge Funds Weigh In On Uranium Energy

Institutional investors and hedge funds have recently bought and sold shares of the business. Norges Bank acquired a new stake in shares of Uranium Energy in the second quarter valued at $105,058,000. Vanguard Group Inc. lifted its position in Uranium Energy by 32.2% during the 4th quarter. Vanguard Group Inc. now owns 47,247,813 shares of the basic materials company’s stock worth $551,854,000 after buying an additional 11,521,597 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in Uranium Energy by 11.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 66,352,123 shares of the basic materials company’s stock worth $774,995,000 after buying an additional 7,013,279 shares in the last quarter. Caxton Associates LLP grew its holdings in Uranium Energy by 11,233.4% during the 2nd quarter. Caxton Associates LLP now owns 4,093,058 shares of the basic materials company’s stock worth $27,833,000 after acquiring an additional 4,056,943 shares during the last quarter. Finally, Van ECK Associates Corp increased its position in Uranium Energy by 25.3% in the 4th quarter. Van ECK Associates Corp now owns 19,665,665 shares of the basic materials company’s stock valued at $229,695,000 after acquiring an additional 3,969,046 shares in the last quarter. Institutional investors and hedge funds own 62.28% of the company’s stock.

Uranium Energy Price Performance

Uranium Energy stock opened at $13.44 on Monday. The firm has a market capitalization of $6.59 billion, a P/E ratio of -112.00 and a beta of 1.21. The stock has a fifty day moving average price of $15.76 and a two-hundred day moving average price of $14.10. Uranium Energy has a 52-week low of $3.85 and a 52-week high of $20.34.

Uranium Energy (NYSEAMERICAN:UECGet Free Report) last issued its earnings results on Tuesday, March 10th. The basic materials company reported ($0.03) EPS for the quarter, meeting the consensus estimate of ($0.03). The firm had revenue of $20.20 million during the quarter, compared to analyst estimates of $12.85 million. On average, equities research analysts predict that Uranium Energy will post 0.01 EPS for the current fiscal year.

Key Headlines Impacting Uranium Energy

Here are the key news stories impacting Uranium Energy this week:

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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