Uranium Energy Corp. (NYSEAMERICAN:UEC) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Uranium Energy Corp. (NYSEAMERICAN:UEC) has earned an average recommendation of “Moderate Buy” from the nine ratings firms that are presently covering the stock, Marketbeat Ratings reports. Two research 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 analysts that have covered the stock in the last year is $17.4063.

Several analysts have recently issued reports on the stock. The Goldman Sachs Group restated a “buy” rating and set a $16.00 target price on shares of Uranium Energy in a research report on Tuesday, June 9th. Roth Mkm set a $17.00 target price on shares of Uranium Energy in a research report on Wednesday, March 11th. HC Wainwright restated a “buy” rating and set a $26.75 target price on shares of Uranium Energy in a research report on Wednesday, June 10th. Finally, TD Securities reduced their price objective on shares of Uranium Energy from $22.00 to $21.00 and set a “buy” rating on the stock in a research report on Wednesday, March 11th.

Institutional Trading of Uranium Energy

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in UEC. AQR Capital Management LLC raised its position in Uranium Energy by 56.6% in the 1st quarter. AQR Capital Management LLC now owns 222,582 shares of the basic materials company’s stock worth $1,064,000 after purchasing an additional 80,464 shares during the period. Caxton Associates LLP purchased a new stake in Uranium Energy in the 1st quarter worth about $173,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in Uranium Energy by 44.9% in the 1st 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 worth $6,537,000 after purchasing an additional 423,994 shares during the period. Focus Partners Wealth raised its position in Uranium Energy by 114.0% in the 1st quarter. Focus Partners Wealth now owns 36,427 shares of the basic materials company’s stock worth $174,000 after purchasing an additional 19,407 shares during the period. Finally, Cetera Investment Advisers raised its position in Uranium Energy by 24.2% in the 2nd quarter. Cetera Investment Advisers now owns 80,807 shares of the basic materials company’s stock worth $549,000 after purchasing an additional 15,744 shares during the period. 62.28% of the stock is owned by hedge funds and other institutional investors.

Uranium Energy Trading Down 1.6%

Shares of NYSEAMERICAN UEC opened at $10.66 on Wednesday. The firm’s 50-day moving average price is $13.19 and its 200-day moving average price is $14.17. The stock has a market capitalization of $5.28 billion, a price-to-earnings ratio of -88.83 and a beta of 1.12. Uranium Energy has a 12-month low of $5.90 and a 12-month high of $20.34.

Uranium Energy Company Profile

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.