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

Uranium Energy Corp. (NYSEAMERICAN:UEC) has been assigned a consensus recommendation of “Moderate Buy” from the nine brokerages that are currently covering the company, MarketBeat reports. Two 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 twelve-month price target among brokerages that have issued ratings on the stock in the last year is $17.4062.

A number of equities research analysts have commented on the stock. The Goldman Sachs Group reissued a “buy” rating and set a $16.00 price objective on shares of Uranium Energy in a report on Tuesday, June 9th. HC Wainwright reaffirmed a “buy” rating and set a $26.75 price objective on shares of Uranium Energy in a report on Wednesday, June 10th.

Uranium Energy Stock Performance

Shares of NYSEAMERICAN:UEC opened at $9.51 on Friday. The company has a market capitalization of $4.71 billion, a PE ratio of -79.25 and a beta of 1.18. Uranium Energy has a 52 week low of $7.80 and a 52 week high of $20.34. The company’s fifty day moving average is $11.43 and its 200-day moving average is $13.86.

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

Institutional Investors Weigh In On Uranium Energy

A number of institutional investors and hedge funds have recently made changes to their positions in UEC. Price T Rowe Associates Inc. MD increased its position in Uranium Energy by 11.8% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 66,352,123 shares of the basic materials company’s stock worth $774,995,000 after purchasing an additional 7,013,279 shares during the period. Vanguard Group Inc. lifted its position in Uranium Energy by 32.2% during the 4th quarter. Vanguard Group Inc. now owns 47,247,813 shares of the basic materials company’s stock valued at $551,854,000 after purchasing an additional 11,521,597 shares during the period. State Street Corp lifted its position in Uranium Energy by 9.5% during the 2nd quarter. State Street Corp now owns 23,046,686 shares of the basic materials company’s stock valued at $156,717,000 after purchasing an additional 2,000,516 shares during the period. Van ECK Associates Corp boosted its stake in shares of Uranium Energy by 25.3% in the 4th quarter. Van ECK Associates Corp now owns 19,665,665 shares of the basic materials company’s stock valued at $229,695,000 after purchasing an additional 3,969,046 shares during the last quarter. Finally, Alps Advisors Inc. boosted its stake in shares of Uranium Energy by 16.3% in the 4th quarter. Alps Advisors Inc. now owns 17,462,284 shares of the basic materials company’s stock valued at $203,959,000 after purchasing an additional 2,453,744 shares during the last quarter. Institutional investors own 62.28% of the company’s stock.

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.