Uranium Energy (NYSEAMERICAN:UEC) Shares Climb 6.5% - Here's Why

Key Points

• Uranium Energy shares rose 6.5% to about $9.96, with roughly 4.4 million shares traded—55% below the average daily volume.
• Analysts maintain a generally positive outlook, with five Buy and three Hold ratings. The stock has a “Moderate Buy” consensus and an average price target of $16.75, well above its trading price.
• The company reported a quarterly loss of $0.12 per share, missing estimates by $0.08, though revenue of $17.05 million exceeded expectations. Institutional investors own 62.28% of UEC, with several major funds recently increasing their stakes.

Uranium Energy Corp. (NYSEAMERICAN:UEC - Get Free Report) traded up 6.5% during mid-day trading on Tuesday. The company traded as high as $9.98 and last traded at $9.9550. Approximately 4,386,071 shares changed hands during trading, a decline of 55% from the average daily volume of 9,745,926 shares. The stock had previously closed at $9.35.

Analysts Set New Price Targets

Several equities research analysts have weighed in on UEC shares. HC Wainwright reiterated a "buy" rating and issued a $26.75 target price on shares of Uranium Energy in a report on Wednesday, September 30th. National Bank Financial decreased their price target on shares of Uranium Energy from $16.00 to $15.00 and set an "outperform" rating for the company in a report on Monday. Jefferies Financial Group began coverage on shares of Uranium Energy in a research report on Thursday, September 3rd. They issued a "hold" rating and a $11.50 price objective for the company. Royal Bank Of Canada assumed coverage on Uranium Energy in a report on Friday. They set a "sector perform" rating and a $10.00 target price on the stock. Finally, The Goldman Sachs Group reissued a "buy" rating and issued a $16.00 target price on shares of Uranium Energy in a research note on Tuesday, June 9th. Five equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, Uranium Energy currently has a consensus rating of "Moderate Buy" and a consensus target price of $16.75.

Uranium Energy Trading Up 10.3%

The stock has a market cap of $5.11 billion, a price-to-earnings ratio of -36.73 and a beta of 1.38. The company has a 50 day simple moving average of $10.82 and a 200-day simple moving average of $11.99.

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 company had revenue of $17.05 million during the quarter, compared to analyst estimates of $9.00 million. Equities analysts forecast that Uranium Energy Corp. will post -0.08 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in UEC. BlackRock Inc. bought a new stake in Uranium Energy during the 2nd quarter worth about $432,676,000. Van ECK Associates Corp increased its position in shares of Uranium Energy by 21.8% in the second quarter. Van ECK Associates Corp now owns 29,034,465 shares of the basic materials company's stock valued at $309,507,000 after acquiring an additional 5,191,738 shares during the last quarter. Alps Advisors Inc. increased its position in shares of Uranium Energy by 16.3% in the fourth quarter. Alps Advisors Inc. now owns 17,462,284 shares of the basic materials company's stock valued at $203,959,000 after acquiring an additional 2,453,744 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in Uranium Energy by 3.1% during the first quarter. Dimensional Fund Advisors LP now owns 5,642,038 shares of the basic materials company's stock worth $76,134,000 after acquiring an additional 170,510 shares in the last quarter. Finally, Wellington Management Group LLP raised its holdings in Uranium Energy by 62.2% during the second quarter. Wellington Management Group LLP now owns 5,310,825 shares of the basic materials company's stock worth $56,613,000 after acquiring an additional 2,035,586 shares in the last quarter. Institutional investors and hedge funds own 62.28% of the company's stock.

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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