Uranium Energy (NYSEAMERICAN:UEC) Receives “Buy” Rating from HC Wainwright

Uranium Energy (NYSEAMERICAN:UECGet Free Report)‘s stock had its “buy” rating reissued by research analysts at HC Wainwright in a report released on Wednesday,Benzinga reports. They presently have a $26.75 price target on the basic materials company’s stock. HC Wainwright’s price target would suggest a potential upside of 151.17% from the company’s current price.

Several other analysts have also recently commented on the company. TD Securities dropped their price target on Uranium Energy from $22.00 to $21.00 and set a “buy” rating for the company in a research report on Wednesday, March 11th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $16.00 target price on shares of Uranium Energy in a report on Tuesday. Finally, Roth Mkm set a $17.00 target price on shares of Uranium Energy in a research report on Wednesday, March 11th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Uranium Energy currently has an average rating of “Moderate Buy” and an average target price of $17.41.

Read Our Latest Research Report on UEC

Uranium Energy Stock Down 15.5%

UEC opened at $10.65 on Wednesday. The company has a market cap of $5.22 billion, a PE ratio of -88.75 and a beta of 1.12. Uranium Energy has a twelve month low of $5.90 and a twelve month high of $20.34. The company has a 50-day moving average price of $14.01 and a 200 day moving average price of $14.32.

Uranium Energy (NYSEAMERICAN:UECGet Free Report) last posted its quarterly earnings data on Tuesday, June 9th. The basic materials company reported ($0.11) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.06). As a group, sell-side analysts expect that Uranium Energy will post -0.12 earnings per share for the current year.

Hedge Funds Weigh In On Uranium Energy

Institutional investors have recently bought and sold shares of the company. Alpine Woods Capital Investors LLC acquired a new position in Uranium Energy in the first quarter valued at approximately $281,000. Western Wealth Management LLC purchased a new stake in shares of Uranium Energy during the first quarter worth $60,000. Janus Henderson Group PLC boosted its holdings in Uranium Energy by 103.3% in the first quarter. Janus Henderson Group PLC now owns 1,056,607 shares of the basic materials company’s stock valued at $14,254,000 after purchasing an additional 536,965 shares during the period. Altshuler Shaham Ltd grew its stake in Uranium Energy by 13.7% during the 1st quarter. Altshuler Shaham Ltd now owns 73,124 shares of the basic materials company’s stock worth $987,000 after purchasing an additional 8,830 shares in the last quarter. Finally, Amundi grew its stake in Uranium Energy by 108.6% during the 1st quarter. Amundi now owns 70,826 shares of the basic materials company’s stock worth $956,000 after purchasing an additional 36,872 shares in the last quarter. 62.28% of the stock is owned by hedge funds and other institutional investors.

Key Stories Impacting Uranium Energy

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

Uranium Energy Company Profile

(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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