Uranium Energy Corp. (NYSEAMERICAN:UEC) Given Consensus Rating of "Moderate Buy" by Analysts

Key Points

• Analysts give Uranium Energy a “Moderate Buy” consensus: Six analysts rate the stock a buy, one a strong buy, and three a hold. The average 12-month price target is $16.75.
• Recent coverage includes Goldman Sachs and HC Wainwright maintaining buy ratings, while Jefferies initiated coverage with a hold rating and an $11.50 target.
• UEC shares opened at $10.45, with a market capitalization of approximately $5.17 billion and a 52-week trading range of $8.90 to $20.34. Institutional investors and hedge funds own 62.28% of the company.

Shares of Uranium Energy Corp. (NYSEAMERICAN:UEC - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the ten research firms that are presently covering the company, Marketbeat reports. Three analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $16.75.

UEC has been the subject of several recent research reports. The Goldman Sachs Group reissued a "buy" rating and issued a $16.00 target price on shares of Uranium Energy in a research report on Tuesday, June 9th. Jefferies Financial Group started coverage on shares of Uranium Energy in a report on Thursday, September 3rd. They set a "hold" rating and a $11.50 price target on the stock. Finally, HC Wainwright restated a "buy" rating on shares of Uranium Energy in a report on Wednesday, August 26th.

Uranium Energy Price Performance

Shares of Uranium Energy stock opened at $10.45 on Monday. The firm has a market cap of $5.17 billion, a price-to-earnings ratio of -87.08 and a beta of 1.23. The stock has a 50-day simple moving average of $10.87 and a 200-day simple moving average of $12.52. Uranium Energy has a 52-week low of $8.90 and a 52-week high of $20.34.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Ninepoint Partners LP bought a new stake in shares of Uranium Energy during the 2nd quarter worth $1,125,000. Boundless Plain Holdings Ltd acquired a new position in Uranium Energy during the 4th quarter worth $2,085,000. BI Asset Management Fondsmaeglerselskab A S acquired a new position in Uranium Energy during the 4th quarter worth $1,533,000. BlackRock Inc. bought a new stake in Uranium Energy during the second quarter valued at about $432,676,000. Finally, TimesSquare Capital Management LLC bought a new stake in Uranium Energy during the second quarter valued at about $17,972,000. Institutional investors and hedge funds own 62.28% of the company's stock.

Uranium Energy Company Profile

Uranium Energy Corp. (NYSE American: UEC) is a uranium mining and nuclear fuel company focused on the exploration, development and production of uranium in the United States and Canada. Its activities support the supply of uranium used to generate nuclear power.

The company's U.S. portfolio includes in-situ recovery uranium projects and processing infrastructure in South Texas and Wyoming. Its South Texas operations include the Hobson Processing Facility and nearby well-field projects, while its Wyoming assets include the Irigaray Central Processing Plant and the Christensen Ranch project.

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