Uranium Energy (NYSEAMERICAN:UEC) Earns “Buy” Rating from HC Wainwright

Uranium Energy (NYSEAMERICAN:UECGet Free Report)‘s stock had its “buy” rating restated by investment analysts at HC Wainwright in a research note issued on Tuesday, Benzinga reports. They currently have a $10.25 target price on the basic materials company’s stock. HC Wainwright’s price target would suggest a potential upside of 70.27% from the stock’s previous close.

Uranium Energy Price Performance

Shares of UEC stock opened at $6.02 on Tuesday. The stock’s 50 day moving average is $6.67. The firm has a market capitalization of $2.46 billion, a P/E ratio of -602.00 and a beta of 1.84. Uranium Energy has a 12-month low of $2.87 and a 12-month high of $8.34.

Uranium Energy (NYSEAMERICAN:UECGet Free Report) last issued its quarterly earnings data on Monday, March 11th. The basic materials company reported $0.01 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.01. The firm had revenue of $0.12 million during the quarter, compared to the consensus estimate of $16.00 million. Uranium Energy had a negative net margin of 8.20% and a negative return on equity of 1.11%. Research analysts forecast that Uranium Energy will post 0.08 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Uranium Energy

Hedge funds and other institutional investors have recently made changes to their positions in the business. Norges Bank bought a new position in Uranium Energy in the fourth quarter valued at approximately $96,000,000. Vanguard Group Inc. increased its stake in Uranium Energy by 1.1% in the third quarter. Vanguard Group Inc. now owns 21,255,365 shares of the basic materials company’s stock valued at $109,465,000 after acquiring an additional 238,424 shares during the last quarter. Schonfeld Strategic Advisors LLC bought a new position in Uranium Energy in the third quarter valued at approximately $3,980,000. Charles Schwab Investment Management Inc. increased its stake in Uranium Energy by 4.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,006,974 shares of the basic materials company’s stock valued at $19,245,000 after acquiring an additional 118,785 shares during the last quarter. Finally, UBS Group AG increased its stake in Uranium Energy by 35.7% in the fourth quarter. UBS Group AG now owns 996,345 shares of the basic materials company’s stock valued at $6,377,000 after acquiring an additional 262,262 shares during the last quarter. 62.28% of the stock is currently owned by institutional investors and hedge funds.

About Uranium Energy

(Get Free Report)

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.

Featured Stories

Analyst Recommendations for Uranium Energy (NYSEAMERICAN:UEC)

Receive News & Ratings for Uranium Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Uranium Energy and related companies with MarketBeat.com's FREE daily email newsletter.