Uranium Energy Corp. (NYSEAMERICAN:UEC) Receives Average Recommendation of "Moderate Buy" from Brokerages

Key Points

• Uranium Energy has a “Moderate Buy” consensus from nine analysts: six rate it a buy, one a strong buy, and two recommend holding. The average 12-month price target is $17.41, with recent targets ranging from $16.00 to $26.75.
• The stock opened at $11.63 and has gained 6.1%, but it remains well below its 52-week high of $20.34. Its latest quarterly results missed expectations, with a loss of $0.07 per share versus the consensus estimate of a $0.03 loss.
• Institutional investors own 62.28% of the company, with several funds recently initiating positions. Uranium Energy focuses on uranium production and exploration using in-situ recovery methods, with its Hobson facility in South Texas as its primary producing asset.

Shares of Uranium Energy Corp. (NYSEAMERICAN:UEC - Get Free Report) have received an average recommendation of "Moderate Buy" from the nine research firms that are currently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $17.4062.

A number of equities research analysts have recently weighed in on the company. HC Wainwright reissued a "buy" rating and issued a $26.75 target price on shares of Uranium Energy in a research note on Wednesday, June 10th. The Goldman Sachs Group restated a "buy" rating and set a $16.00 price target on shares of Uranium Energy in a research report on Tuesday, June 9th.

Uranium Energy Stock Up 6.1%

Shares of NYSEAMERICAN:UEC opened at $11.63 on Thursday. The stock has a market cap of $5.76 billion, a PE ratio of -96.92 and a beta of 1.22. The company's fifty day moving average is $10.58 and its 200 day moving average is $13.01. Uranium Energy has a 52 week low of $8.90 and a 52 week high of $20.34.

Uranium Energy (NYSEAMERICAN:UEC - Get Free Report) last posted its quarterly earnings results on Tuesday, June 9th. The basic materials company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.04). Sell-side analysts anticipate that Uranium Energy will post -0.15 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. PenderFund Capital Management Ltd. bought a new stake in Uranium Energy during the 2nd quarter valued at $35,000. Caitong International Asset Management Co. Ltd purchased a new stake in Uranium Energy during the 4th quarter valued at $39,000. EFG International AG bought a new stake in Uranium Energy in the 2nd quarter worth $43,000. Longview Financial Advisors Inc. purchased a new position in shares of Uranium Energy in the first quarter valued at about $52,000. Finally, N.E.W. Advisory Services LLC purchased a new position in shares of Uranium Energy in the fourth quarter valued at about $53,000. Institutional investors own 62.28% of the company's stock.

About Uranium Energy

Uranium Energy Corp. is a uranium mining and exploration company focused on the development and production of uranium through in-situ recovery (ISR) methods. The company's core activities include operating ISR projects, advancing exploration properties, and engaging in joint ventures to secure uranium supply for nuclear power generation. Uranium Energy's approach emphasizes environmentally conscious extraction techniques that minimize land disturbance and water usage compared with conventional mining.

The company's primary producing asset is the Hobson ISR facility in South Texas, which commenced production to supply uranium concentrate to nuclear utilities.

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