FY2023 EPS Estimates for Uranium Energy Corp. (NYSEAMERICAN:UEC) Increased by Analyst

Uranium Energy Corp. (NYSEAMERICAN:UEC – Get Rating) – Analysts at HC Wainwright increased their FY2023 earnings estimates for shares of Uranium Energy in a research report issued on Tuesday, May 23rd. HC Wainwright analyst H. Ihle now expects that the basic materials company will earn $0.02 per share for the year, up from their previous estimate of ($0.02). The consensus estimate for Uranium Energy’s current full-year earnings is ($0.02) per share.

Uranium Energy Stock Down 1.9 %

Shares of NYSEAMERICAN:UEC opened at $2.64 on Thursday. The business has a 50 day simple moving average of $3.19. Uranium Energy has a twelve month low of $2.30 and a twelve month high of $4.72. The company has a market cap of $991.03 million, a PE ratio of 37.71 and a beta of 1.98.

Uranium Energy (NYSEAMERICAN:UEC – Get Rating) last posted its earnings results on Monday, March 13th. The basic materials company reported $0.03 earnings per share (EPS) for the quarter. The business had revenue of $47.93 million for the quarter, compared to analysts’ expectations of $25.20 million. Uranium Energy had a net margin of 17.31% and a return on equity of 4.33%.

Insiders Place Their Bets

In other news, Director Spencer Abraham bought 38,500 shares of the firm’s stock in a transaction on Friday, March 24th. The shares were bought at an average price of $2.61 per share, for a total transaction of $100,485.00. Following the purchase, the director now owns 605,437 shares in the company, valued at $1,580,190.57. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CEO Amir Adnani acquired 20,000 shares of the business’s stock in a transaction on Friday, March 24th. The stock was acquired at an average cost of $2.73 per share, with a total value of $54,600.00. Following the acquisition, the chief executive officer now directly owns 3,635,101 shares in the company, valued at approximately $9,923,825.73. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Spencer Abraham acquired 38,500 shares of the business’s stock in a transaction on Friday, March 24th. The shares were bought at an average cost of $2.61 per share, with a total value of $100,485.00. Following the completion of the acquisition, the director now owns 605,437 shares in the company, valued at $1,580,190.57. The disclosure for this purchase can be found here. In the last 90 days, insiders have bought 79,500 shares of company stock worth $207,585. Company insiders own 3.70% of the company’s stock.

Institutional Investors Weigh In On Uranium Energy

A number of institutional investors have recently added to or reduced their stakes in UEC. Vanguard Group Inc. grew its holdings in shares of Uranium Energy by 27.7% in the third quarter. Vanguard Group Inc. now owns 18,690,456 shares of the basic materials company’s stock valued at $65,417,000 after purchasing an additional 4,049,242 shares in the last quarter. State Street Corp grew its holdings in shares of Uranium Energy by 13.6% in the first quarter. State Street Corp now owns 30,815,436 shares of the basic materials company’s stock valued at $141,443,000 after purchasing an additional 3,683,446 shares in the last quarter. MMCAP International Inc. SPC grew its holdings in shares of Uranium Energy by 24.3% in the first quarter. MMCAP International Inc. SPC now owns 16,261,044 shares of the basic materials company’s stock valued at $46,832,000 after purchasing an additional 3,182,288 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Uranium Energy by 200.7% in the first quarter. JPMorgan Chase & Co. now owns 3,781,023 shares of the basic materials company’s stock valued at $10,890,000 after purchasing an additional 2,523,430 shares in the last quarter. Finally, BlackRock Inc. grew its holdings in shares of Uranium Energy by 12.2% in the third quarter. BlackRock Inc. now owns 20,966,986 shares of the basic materials company’s stock valued at $73,385,000 after purchasing an additional 2,287,836 shares in the last quarter. 40.37% of the stock is owned by hedge funds and other institutional investors.

About Uranium Energy

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Uranium Energy Corp. engages in the provision of uranium mining and related activities. It includes the exploration, pre-extraction, extraction, and processing of uranium and titanium concentrates. It operates through the following geographical segments: United States, Canada, and Paraguay. The company was founded by Alan P.