Uranium Energy (NYSEAMERICAN:UEC) Releases Earnings Results, Misses Expectations By $0.06 EPS

Uranium Energy (NYSEAMERICAN:UEC) released its quarterly earnings results on Tuesday. The basic materials company reported ($0.11) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.06), FiscalAI reports.

Uranium Energy Trading Down 0.3%

Shares of UEC opened at $12.61 on Tuesday. The firm has a market capitalization of $6.18 billion, a P/E ratio of -105.08 and a beta of 1.12. The stock’s fifty day simple moving average is $14.05 and its 200 day simple moving average is $14.33. Uranium Energy has a twelve month low of $5.90 and a twelve month high of $20.34.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in UEC. AQR Capital Management LLC raised its position in Uranium Energy by 56.6% in the first quarter. AQR Capital Management LLC now owns 222,582 shares of the basic materials company’s stock valued at $1,064,000 after purchasing an additional 80,464 shares during the period. Caxton Associates LLP purchased a new position in Uranium Energy in the first quarter valued at about $173,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in Uranium Energy by 44.9% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,367,597 shares of the basic materials company’s stock valued at $6,537,000 after purchasing an additional 423,994 shares during the period. Focus Partners Wealth raised its position in Uranium Energy by 114.0% in the first quarter. Focus Partners Wealth now owns 36,427 shares of the basic materials company’s stock valued at $174,000 after purchasing an additional 19,407 shares during the period. Finally, Cetera Investment Advisers raised its position in Uranium Energy by 24.2% in the second quarter. Cetera Investment Advisers now owns 80,807 shares of the basic materials company’s stock valued at $549,000 after purchasing an additional 15,744 shares during the period. 62.28% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have commented on UEC. HC Wainwright reiterated a “buy” rating and set a $26.75 target price on shares of Uranium Energy in a report on Wednesday, May 20th. TD Securities lowered their target price on Uranium Energy from $22.00 to $21.00 and set a “buy” rating on the stock in a report on Wednesday, March 11th. Finally, Roth Mkm set a $17.00 price objective on Uranium Energy in a report on Wednesday, March 11th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Uranium Energy presently has an average rating of “Moderate Buy” and an average target price of $17.66.

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.