Uranium Energy Corp. (NYSEAMERICAN:UEC) Receives $17.41 Average PT from Brokerages

Uranium Energy Corp. (NYSEAMERICAN:UEC) has earned an average rating of “Moderate Buy” from the nine brokerages that are currently covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a hold recommendation, six have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among brokers that have covered the stock in the last year is $17.4062.

Several equities analysts have weighed in on the stock. The Goldman Sachs Group reaffirmed a “buy” rating and set a $16.00 price target on shares of Uranium Energy in a report on Tuesday, June 9th. HC Wainwright reissued a “buy” rating and issued a $26.75 price objective on shares of Uranium Energy in a research note on Wednesday, June 10th.

Uranium Energy Stock Up 14.4%

NYSEAMERICAN UEC opened at $12.76 on Thursday. Uranium Energy has a 52 week low of $8.90 and a 52 week high of $20.34. The company has a market capitalization of $6.31 billion, a P/E ratio of -106.33 and a beta of 1.22. The stock’s 50-day moving average price is $10.62 and its 200-day moving average price is $12.97.

Uranium Energy (NYSEAMERICAN:UEC) last announced its quarterly earnings data on Tuesday, June 9th. The basic materials company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.04). Research analysts anticipate that Uranium Energy will post -0.15 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Balboa Wealth Partners raised its holdings in Uranium Energy by 2.9% during the first quarter. Balboa Wealth Partners now owns 27,820 shares of the basic materials company’s stock valued at $376,000 after acquiring an additional 775 shares during the period. Commonwealth Equity Services LLC boosted its stake in shares of Uranium Energy by 1.4% in the fourth quarter. Commonwealth Equity Services LLC now owns 58,791 shares of the basic materials company’s stock worth $687,000 after acquiring an additional 809 shares during the period. Farther Finance Advisors LLC boosted its stake in shares of Uranium Energy by 3.1% in the fourth quarter. Farther Finance Advisors LLC now owns 27,170 shares of the basic materials company’s stock worth $317,000 after acquiring an additional 824 shares during the period. Empowered Funds LLC grew its position in shares of Uranium Energy by 2.3% during the fourth quarter. Empowered Funds LLC now owns 38,637 shares of the basic materials company’s stock worth $451,000 after purchasing an additional 879 shares in the last quarter. Finally, MGO One Seven LLC grew its position in shares of Uranium Energy by 6.1% during the fourth quarter. MGO One Seven LLC now owns 17,784 shares of the basic materials company’s stock worth $208,000 after purchasing an additional 1,027 shares in the last quarter. Institutional investors own 62.28% of the company’s stock.

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.