Uranium Energy Corp. (NYSEAMERICAN:UEC) Receives Average Recommendation of “Moderate Buy” from Brokerages

Uranium Energy Corp. (NYSEAMERICAN:UEC) has received a consensus rating of “Moderate Buy” from the nine brokerages that are covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $17.4062.

UEC has been the subject of several research analyst reports. HC Wainwright reissued a “buy” rating and issued a $26.75 price objective on shares of Uranium Energy in a report on Wednesday, June 10th. The Goldman Sachs Group reiterated a “buy” rating and issued a $16.00 price target on shares of Uranium Energy in a research report on Tuesday, June 9th.

Uranium Energy Price Performance

Shares of NYSEAMERICAN:UEC opened at $9.74 on Friday. The company’s fifty day moving average price is $11.17 and its 200 day moving average price is $13.72. Uranium Energy has a 12 month low of $7.80 and a 12 month high of $20.34. The firm has a market capitalization of $4.82 billion, a P/E ratio of -81.17 and a beta of 1.18.

Uranium Energy (NYSEAMERICAN:UEC) last released its quarterly earnings data 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). On average, sell-side analysts anticipate that Uranium Energy will post -0.15 EPS for the current year.

Hedge Funds Weigh In On Uranium Energy

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Sound Income Strategies LLC lifted its position in Uranium Energy by 159.1% during the 4th quarter. Sound Income Strategies LLC now owns 3,094 shares of the basic materials company’s stock worth $36,000 after acquiring an additional 1,900 shares during the period. Caitong International Asset Management Co. Ltd acquired a new position in shares of Uranium Energy in the fourth quarter valued at approximately $39,000. PenderFund Capital Management Ltd. purchased a new stake in shares of Uranium Energy during the fourth quarter worth approximately $39,000. EFG International AG acquired a new stake in shares of Uranium Energy during the fourth quarter worth $47,000. Finally, Longview Financial Advisors Inc. purchased a new position in Uranium Energy in the 1st quarter valued at $52,000. Hedge funds and other institutional investors own 62.28% of the company’s stock.

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.