Uranium Energy Corp. (NYSEAMERICAN:UEC) Stock Has Consensus Target Price of $16.75

Key Points

• Analysts give Uranium Energy a “Moderate Buy” consensus across eight brokerages, with five buys, two holds, and one sell. The average 12-month price target is $16.75, though recent targets range from $10.00 to $26.75.
• UEC shares opened at $7.51, well below their 50-day and 200-day moving averages of $9.77 and $12.50, respectively. The stock has traded between $6.75 and $20.34 over the past year.
• The company reported a quarterly loss of $0.12 per share, missing the expected $0.04 loss, while revenue of $17.05 million exceeded the $9.00 million consensus estimate. Institutional investors own 62.28% of the stock.

Uranium Energy Corp. (NYSEAMERICAN:UEC - Get Free Report) has been assigned an average rating of "Moderate Buy" from the eight brokerages that are currently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $16.75.

A number of equities research analysts have weighed in on the company. Zacks Research downgraded Uranium Energy from a "hold" rating to a "strong sell" rating in a research report on Monday, October 5th. National Bank Financial cut their price objective on Uranium Energy from $16.00 to $15.00 and set an "outperform" rating for the company in a report on Monday, October 5th. Jefferies Financial Group initiated coverage on Uranium Energy in a research report on Thursday, September 3rd. They set a "hold" rating and a $11.50 price objective on the stock. HC Wainwright reissued a "buy" rating and set a $26.75 price objective on shares of Uranium Energy in a report on Wednesday, September 30th. Finally, Royal Bank Of Canada began coverage on Uranium Energy in a research report on Friday, October 2nd. They issued a "sector perform" rating and a $10.00 target price for the company.

Uranium Energy Price Performance

Shares of NYSEAMERICAN:UEC opened at $7.51 on Tuesday. The company's fifty day moving average price is $9.77 and its 200-day moving average price is $12.50. The firm has a market capitalization of $3.72 billion, a price-to-earnings ratio of -26.82 and a beta of 1.38. Uranium Energy has a one year low of $6.75 and a one year high of $20.34.

Uranium Energy (NYSEAMERICAN:UEC - Get Free Report) last posted its quarterly earnings data 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 the consensus estimate of $9.00 million. As a group, equities research analysts expect that Uranium Energy will post -0.20 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Sequoia Financial Advisors LLC boosted its position in Uranium Energy by 6.0% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 18,673 shares of the basic materials company's stock valued at $199,000 after buying an additional 1,050 shares during the period. TD Waterhouse Canada Inc. increased its position in shares of Uranium Energy by 31.3% in the second quarter. TD Waterhouse Canada Inc. now owns 5,589 shares of the basic materials company's stock valued at $59,000 after acquiring an additional 1,333 shares during the period. CoreCap Advisors LLC increased its position in shares of Uranium Energy by 6.2% in the second quarter. CoreCap Advisors LLC now owns 25,850 shares of the basic materials company's stock valued at $276,000 after acquiring an additional 1,500 shares during the period. SBI Securities Co. Ltd. raised its stake in shares of Uranium Energy by 12.9% during the third quarter. SBI Securities Co. Ltd. now owns 16,477 shares of the basic materials company's stock valued at $156,000 after acquiring an additional 1,878 shares during the last quarter. Finally, KBC Group NV raised its stake in shares of Uranium Energy by 15.2% during the first quarter. KBC Group NV now owns 15,552 shares of the basic materials company's stock valued at $210,000 after acquiring an additional 2,054 shares during the last quarter. 62.28% of the stock is owned by hedge funds and other institutional investors.

Uranium Energy Company Profile

Uranium Energy Corp. is a uranium mining and exploration company focused on developing and producing uranium in the United States. The company uses in-situ recovery (ISR) technology, which extracts uranium from underground deposits by circulating a solution through the orebody and processing the recovered materials into uranium concentrate, commonly known as yellowcake.

Uranium Energy's U.S. assets include projects and processing infrastructure in South Texas and Wyoming. Its South Texas operations include the Hobson processing plant and nearby ISR projects, while its Wyoming portfolio includes the Christensen Ranch and other properties in the Powder River Basin.

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