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

Uranium Energy Corp. (NYSEAMERICAN:UEC) has earned a consensus recommendation of “Moderate Buy” from the nine ratings firms that are covering the company, MarketBeat reports. Two investment analysts have rated the stock with a hold recommendation, six have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $17.6563.

UEC has been the topic of a number of research reports. TD Securities dropped their target price on shares of Uranium Energy from $22.00 to $21.00 and set a “buy” rating on the stock in a research report on Wednesday, March 11th. Roth Mkm set a $17.00 price target on Uranium Energy in a research note on Wednesday, March 11th. The Goldman Sachs Group restated a “buy” rating and set a $18.00 price target on shares of Uranium Energy in a research note on Wednesday, February 4th. Finally, HC Wainwright boosted their price target on Uranium Energy from $26.50 to $26.75 and gave the company a “buy” rating in a research note on Wednesday, March 11th.

Institutional Investors Weigh In On Uranium Energy

Several institutional investors and hedge funds have recently bought and sold shares of the business. Price T Rowe Associates Inc. MD increased its holdings in Uranium Energy by 11.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 66,352,123 shares of the basic materials company’s stock valued at $774,995,000 after buying an additional 7,013,279 shares during the period. Vanguard Group Inc. increased its holdings in Uranium Energy by 32.2% in the 4th quarter. Vanguard Group Inc. now owns 47,247,813 shares of the basic materials company’s stock valued at $551,854,000 after buying an additional 11,521,597 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Uranium Energy by 9.9% in the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 26,599,686 shares of the basic materials company’s stock valued at $354,847,000 after buying an additional 2,393,683 shares during the period. State Street Corp increased its holdings in Uranium Energy by 9.5% in the 2nd quarter. State Street Corp now owns 23,046,686 shares of the basic materials company’s stock valued at $156,717,000 after buying an additional 2,000,516 shares during the period. Finally, Van ECK Associates Corp increased its holdings 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 buying an additional 3,969,046 shares during the period. Institutional investors own 62.28% of the company’s stock.

Uranium Energy Stock Performance

Uranium Energy stock opened at $13.65 on Tuesday. Uranium Energy has a 52 week low of $5.03 and a 52 week high of $20.34. The business’s 50-day simple moving average is $14.08 and its 200-day simple moving average is $14.29. The firm has a market capitalization of $6.69 billion, a PE ratio of -113.75 and a beta of 1.17.

Uranium Energy (NYSEAMERICAN:UEC) last announced its earnings results on Tuesday, March 10th. The basic materials company reported ($0.03) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.03). The company had revenue of $20.20 million for the quarter, compared to the consensus estimate of $12.85 million. Research analysts forecast that Uranium Energy will post -0.12 earnings per share for the current year.

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.