Uranium Energy Corp. (NYSEAMERICAN:UEC) Stock Rated "Moderate Buy" by Sell-Side Analysts

Key Points

• Analyst consensus is “Moderate Buy”: Five analysts recommend buying UEC, two advise holding, and one recommends selling. The average 12-month price target is $16.75, though targets range from $10.00 to $26.75.
• UEC shares opened at $9.14, down 3.5%, near their 52-week low of $8.90 and below both the 50-day and 200-day moving averages. The company’s latest quarterly loss of $0.12 per share also exceeded the expected loss of $0.04, despite revenue of $17.05 million beating estimates.
• Institutional investors own 62.28% of UEC, with major holders including BlackRock, VanECK Associates, Alps Advisors and Wellington Management increasing or establishing positions.

Shares of Uranium Energy Corp. (NYSEAMERICAN:UEC - Get Free Report) have been assigned an average recommendation of "Moderate Buy" from the eight ratings firms that are currently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and five have issued a buy recommendation on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $16.75.

UEC has been the topic of a number of analyst reports. Royal Bank Of Canada assumed coverage on Uranium Energy in a report on Friday, October 2nd. They set a "sector perform" rating and a $10.00 price objective on the stock. Zacks Research cut Uranium Energy from a "hold" rating to a "strong sell" rating in a research report on Monday. HC Wainwright reiterated a "buy" rating and set a $26.75 price target on shares of Uranium Energy in a report on Wednesday, September 30th. National Bank Financial dropped their price target on shares of Uranium Energy from $16.00 to $15.00 and set an "outperform" rating on the stock in a research report on Monday. Finally, Jefferies Financial Group began coverage on shares of Uranium Energy in a research note on Thursday, September 3rd. They issued a "hold" rating and a $11.50 price objective for the company.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. BlackRock Inc. acquired a new stake in shares of Uranium Energy in the second quarter valued at about $432,676,000. Van ECK Associates Corp lifted its position in shares of Uranium Energy by 21.8% during the 2nd quarter. Van ECK Associates Corp now owns 29,034,465 shares of the basic materials company's stock worth $309,507,000 after purchasing an additional 5,191,738 shares during the last quarter. Alps Advisors Inc. boosted its stake in Uranium Energy by 16.3% during the 4th quarter. Alps Advisors Inc. now owns 17,462,284 shares of the basic materials company's stock valued at $203,959,000 after purchasing an additional 2,453,744 shares during the period. Dimensional Fund Advisors LP grew its holdings in Uranium Energy by 3.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 5,642,038 shares of the basic materials company's stock valued at $76,134,000 after buying an additional 170,510 shares during the last quarter. Finally, Wellington Management Group LLP increased its position in Uranium Energy by 62.2% in the 2nd quarter. Wellington Management Group LLP now owns 5,310,825 shares of the basic materials company's stock worth $56,613,000 after buying an additional 2,035,586 shares during the period. Institutional investors and hedge funds own 62.28% of the company's stock.

Uranium Energy Trading Down 3.5%

UEC stock opened at $9.14 on Friday. The firm has a market cap of $4.53 billion, a PE ratio of -32.64 and a beta of 1.38. Uranium Energy has a 1 year low of $8.90 and a 1 year high of $20.34. The company has a fifty day simple moving average of $10.83 and a 200 day simple moving average of $11.92.

Uranium Energy (NYSEAMERICAN:UEC - Get Free Report) last posted its earnings results on Tuesday, September 29th. The basic materials company reported ($0.12) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.08). The business had revenue of $17.05 million for the quarter, compared to analysts' expectations of $9.00 million. As a group, analysts forecast that Uranium Energy will post -0.08 EPS for the current fiscal year.

About Uranium Energy

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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