Uranium Energy Corp. (NYSEAMERICAN:UEC - Free Report) - Analysts at Stifel Canada dropped their FY2027 earnings estimates for Uranium Energy in a report issued on Tuesday, July 22nd. Stifel Canada analyst M. Tapscott now expects that the basic materials company will earn $0.24 per share for the year, down from their prior forecast of $0.32. The consensus estimate for Uranium Energy's current full-year earnings is $0.01 per share.
Separately, BMO Capital Markets started coverage on shares of Uranium Energy in a research report on Tuesday, June 3rd. They set an "outperform" rating and a $7.75 price objective on the stock. Five equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, Uranium Energy has a consensus rating of "Buy" and a consensus price target of $10.13.
Check Out Our Latest Analysis on UEC
Uranium Energy Stock Up 1.6%
UEC traded up $0.14 during trading on Thursday, hitting $8.91. The company's stock had a trading volume of 13,825,342 shares, compared to its average volume of 13,509,218. Uranium Energy has a one year low of $3.85 and a one year high of $9.09. The firm has a market cap of $3.96 billion, a PE ratio of -52.41 and a beta of 1.42. The business's 50 day simple moving average is $6.65 and its 200-day simple moving average is $6.31.
Hedge Funds Weigh In On Uranium Energy
Large investors have recently made changes to their positions in the company. Raymond James Financial Inc. bought a new stake in Uranium Energy during the 4th quarter valued at about $1,007,000. Avantax Advisory Services Inc. bought a new stake in Uranium Energy during the 4th quarter valued at about $291,000. Cibc World Markets Corp bought a new stake in Uranium Energy during the 4th quarter valued at about $250,000. Xponance Inc. lifted its holdings in Uranium Energy by 17.3% during the 4th quarter. Xponance Inc. now owns 30,855 shares of the basic materials company's stock valued at $206,000 after buying an additional 4,559 shares in the last quarter. Finally, American Century Companies Inc. lifted its holdings in Uranium Energy by 194.6% during the 4th quarter. American Century Companies Inc. now owns 1,143,327 shares of the basic materials company's stock valued at $7,649,000 after buying an additional 755,285 shares in the last quarter. 62.28% of the stock is owned by hedge funds and other institutional investors.
About Uranium Energy
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Uranium Energy Corp., together with its subsidiaries, engages in exploration, pre-extraction, extraction, and processing uranium and titanium concentrates in the United States, Canada, and Paraguay. It owns interests in the Palangana mine, Goliad, Burke Hollow, Longhorn, and Salvo projects located in Texas; Anderson, Workman Creek, and Los Cuatros projects situated in Arizona; Dalton Pass and C de Baca project located in New Mexico; Roughrider, Shea Creek, Christie Lake, Horseshoe-Raven, Hidden Bay, Diabase, West Bear, JCU, and other project located in Canada; and Yuty, Oviedo, and Alto Paraná titanium projects in Paraguay.
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