Uranium Energy (NYSEAMERICAN:UEC) Given New $15.00 Price Target at National Bank Financial

Key Points

• National Bank Financial lowered Uranium Energy’s price target to $15 from $16 while maintaining an “outperform” rating, implying approximately 59% upside from the stock’s $9.43 price.
• Analyst sentiment remains positive overall: UEC has a consensus “Moderate Buy” rating and a consensus price target of $15.97, based on six Buy and three Hold ratings.
• Uranium Energy reported a quarterly loss of $0.12 per share, missing the $0.04 consensus estimate, although revenue of $17.05 million exceeded expectations of $9 million; institutional investors own 62.28% of the company.

Uranium Energy (NYSEAMERICAN:UEC - Get Free Report) had its price objective lowered by National Bank Financial from $16.00 to $15.00 in a report released on Monday, BayStreet reports. The firm currently has an "outperform" rating on the basic materials company's stock. National Bank Financial's price objective indicates a potential upside of 59.15% from the stock's current price.

Several other equities analysts have also recently issued reports on the company. Jefferies Financial Group began coverage on Uranium Energy in a research report on Thursday, September 3rd. They set a "hold" rating and a $11.50 target price on the stock. The Goldman Sachs Group reissued a "buy" rating and issued a $16.00 price target on shares of Uranium Energy in a report on Tuesday, June 9th. Royal Bank Of Canada began coverage on Uranium Energy in a report on Friday. They set a "sector perform" rating and a $10.00 price objective on the stock. Finally, HC Wainwright reiterated a "buy" rating and issued a $26.75 price objective on shares of Uranium Energy in a research report on Wednesday, September 30th. Six investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $15.97.

Uranium Energy Price Performance

Shares of UEC stock traded up $0.12 during mid-day trading on Monday, hitting $9.43. The stock had a trading volume of 6,205,419 shares, compared to its average volume of 9,754,378. The firm has a market cap of $4.67 billion, a PE ratio of -33.70 and a beta of 1.38. The company's 50-day simple moving average is $10.83 and its 200-day simple moving average is $12.02. Uranium Energy has a fifty-two week low of $8.90 and a fifty-two week high of $20.34.

Uranium Energy (NYSEAMERICAN:UEC - Get Free Report) last issued its quarterly earnings results on Tuesday, September 29th. The basic materials company reported ($0.12) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.04) by ($0.08). The firm had revenue of $17.05 million for the quarter, compared to analyst estimates of $9.00 million. On average, analysts expect that Uranium Energy will post -0.08 EPS for the current year.

Institutional Trading of Uranium Energy

A number of hedge funds have recently made changes to their positions in UEC. Sequoia Financial Advisors LLC raised its stake in Uranium Energy by 6.0% during the second quarter. Sequoia Financial Advisors LLC now owns 18,673 shares of the basic materials company's stock worth $199,000 after acquiring an additional 1,050 shares during the period. Integrated Wealth Concepts LLC grew its stake in shares of Uranium Energy by 28.2% in the second quarter. Integrated Wealth Concepts LLC now owns 66,655 shares of the basic materials company's stock worth $711,000 after purchasing an additional 14,679 shares in the last quarter. NewEdge Advisors LLC grew its position in Uranium Energy by 49.9% in the 2nd quarter. NewEdge Advisors LLC now owns 30,133 shares of the basic materials company's stock valued at $321,000 after buying an additional 10,037 shares in the last quarter. Squarepoint Ops LLC increased its stake in shares of Uranium Energy by 117.8% during the second quarter. Squarepoint Ops LLC now owns 28,589 shares of the basic materials company's stock valued at $305,000 after acquiring an additional 15,464 shares during the period. Finally, Arizona State Retirement System raised its stake in shares of Uranium Energy by 1.8% in the 2nd quarter. Arizona State Retirement System now owns 135,266 shares of the basic materials company's stock worth $1,442,000 after buying an additional 2,407 shares in the last quarter. Institutional investors and hedge funds own 62.28% of the company's stock.

Uranium Energy Company Profile

Uranium Energy Corp. is a uranium mining and exploration company headquartered in Corpus Christi, Texas. The company focuses on the acquisition, development and operation of uranium projects, with an emphasis on in-situ recovery (ISR), a mining method that extracts uranium from underground deposits without conventional open-pit or underground mining. Its operations and development portfolio are primarily located in the United States, including projects in Texas and Wyoming.

UEC's U.S. assets include ISR projects, processing facilities and associated resource properties.

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