Uranium Energy Corp. (NYSEAMERICAN:UEC) Receives Consensus Rating of “Buy” from Brokerages

Uranium Energy Corp. (NYSEAMERICAN:UEC) has been assigned an average recommendation of “Buy” from the eleven brokerages that are covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a hold recommendation, seven have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $14.9167.

A number of research analysts have commented on UEC shares. HC Wainwright upped their price target on Uranium Energy from $12.75 to $19.75 and gave the company a “buy” rating in a research report on Thursday, September 25th. Stifel Nicolaus initiated coverage on Uranium Energy in a research report on Monday, October 6th. They issued a “buy” rating and a $10.50 price objective on the stock. The Goldman Sachs Group upped their target price on Uranium Energy from $13.00 to $17.00 and gave the company a “buy” rating in a report on Friday, September 26th. Stifel Canada raised Uranium Energy to a “strong-buy” rating in a research note on Friday, October 3rd. Finally, Zacks Research upgraded shares of Uranium Energy from a “strong sell” rating to a “hold” rating in a report on Monday, December 1st.

Uranium Energy Trading Down 2.5%

Shares of NYSEAMERICAN:UEC opened at $15.55 on Wednesday. The company has a 50-day moving average price of $12.69 and a 200-day moving average price of $11.67. The company has a market cap of $7.52 billion, a price-to-earnings ratio of -129.58 and a beta of 1.23. Uranium Energy has a 12 month low of $3.85 and a 12 month high of $17.80.

Hedge Funds Weigh In On Uranium Energy

Several hedge funds and other institutional investors have recently modified their holdings of the stock. CoreCap Advisors LLC lifted its holdings in Uranium Energy by 3.1% in the third quarter. CoreCap Advisors LLC now owns 25,200 shares of the basic materials company’s stock worth $336,000 after buying an additional 750 shares during the period. Heritage Family Offices LLP grew its holdings in shares of Uranium Energy by 5.2% during the 4th quarter. Heritage Family Offices LLP now owns 15,785 shares of the basic materials company’s stock worth $184,000 after acquiring an additional 785 shares during the period. GPS Wealth Strategies Group LLC raised its position in shares of Uranium Energy by 31.0% in the 3rd quarter. GPS Wealth Strategies Group LLC now owns 4,654 shares of the basic materials company’s stock worth $62,000 after acquiring an additional 1,100 shares in the last quarter. Ascent Wealth Partners LLC lifted its stake in shares of Uranium Energy by 8.3% in the 3rd quarter. Ascent Wealth Partners LLC now owns 17,336 shares of the basic materials company’s stock valued at $231,000 after purchasing an additional 1,334 shares during the period. Finally, NewEdge Advisors LLC lifted its stake in shares of Uranium Energy by 8.4% in the 3rd quarter. NewEdge Advisors LLC now owns 19,398 shares of the basic materials company’s stock valued at $259,000 after purchasing an additional 1,503 shares during the period. 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.