Uranium Energy Corp. (NYSEAMERICAN:UEC) Given Consensus Rating of “Moderate Buy” by Brokerages

Uranium Energy Corp. (NYSEAMERICAN:UEC) has been given an average recommendation of “Moderate Buy” by the nine analysts that are currently covering the company, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation, six have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among brokers that have covered the stock in the last year is $17.6563.

A number of brokerages have weighed in on UEC. Roth Mkm set a $17.00 price objective on Uranium Energy in a research note on Wednesday, March 11th. HC Wainwright reiterated a “buy” rating and issued a $26.75 price objective on shares of Uranium Energy in a research note on Wednesday, May 20th. Finally, TD Securities reduced their price objective on Uranium Energy from $22.00 to $21.00 and set a “buy” rating for the company in a research note on Wednesday, March 11th.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of UEC. AQR Capital Management LLC increased its holdings in shares of Uranium Energy by 56.6% in the first quarter. AQR Capital Management LLC now owns 222,582 shares of the basic materials company’s stock valued at $1,064,000 after purchasing an additional 80,464 shares during the period. Caxton Associates LLP acquired a new position in shares of Uranium Energy in the first quarter valued at approximately $173,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of Uranium Energy by 44.9% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,367,597 shares of the basic materials company’s stock valued at $6,537,000 after purchasing an additional 423,994 shares during the period. Focus Partners Wealth increased its holdings in shares of Uranium Energy by 114.0% in the first quarter. Focus Partners Wealth now owns 36,427 shares of the basic materials company’s stock valued at $174,000 after purchasing an additional 19,407 shares during the period. Finally, Cetera Investment Advisers increased its holdings in shares of Uranium Energy by 24.2% in the second quarter. Cetera Investment Advisers now owns 80,807 shares of the basic materials company’s stock valued at $549,000 after purchasing an additional 15,744 shares during the period. Institutional investors and hedge funds own 62.28% of the company’s stock.

Uranium Energy Trading Down 10.5%

Shares of NYSEAMERICAN UEC opened at $12.65 on Friday. Uranium Energy has a twelve month low of $5.90 and a twelve month high of $20.34. The stock has a 50 day moving average of $14.06 and a two-hundred day moving average of $14.30. The stock has a market cap of $6.20 billion, a P/E ratio of -105.42 and a beta of 1.12.

Uranium Energy (NYSEAMERICAN:UEC) last issued its quarterly earnings data on Tuesday, March 10th. The basic materials company reported ($0.03) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.03). The firm had revenue of $20.20 million during the quarter, compared to analysts’ expectations of $12.85 million. As a group, research analysts predict that Uranium Energy will post -0.12 earnings per share for the current year.

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.