Uranium Energy Corp. (NYSEAMERICAN:UEC) Stock Has Consensus Price Target of $16.75 According to Analysts

Uranium Energy Corp. (NYSEAMERICAN:UEC) has been given an average recommendation of “Moderate Buy” by the eight research firms that are currently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $16.75.

Several analysts recently weighed in on the stock. HC Wainwright reiterated a “buy” rating and issued a $26.75 price objective on shares of Uranium Energy in a research report on Wednesday, September 30th. National Bank Financial dropped their price target on shares of Uranium Energy from $16.00 to $15.00 and set an “outperform” rating on the stock in a research note on Monday, October 5th. Zacks Research cut Uranium Energy from a “hold” rating to a “strong sell” rating in a report on Monday, October 5th. Jefferies Financial Group assumed coverage on Uranium Energy in a research report on Thursday, September 3rd. They set a “hold” rating and a $11.50 price objective for the company. Finally, Royal Bank Of Canada began coverage on Uranium Energy in a research report on Friday, October 2nd. They set a “sector perform” rating and a $10.00 price objective for the company.

Uranium Energy Price Performance

Shares of UEC opened at $8.24 on Friday. The company has a market cap of $4.08 billion, a P/E ratio of -29.43 and a beta of 1.38. The stock has a fifty day moving average price of $10.75 and a 200 day moving average price of $11.82. Uranium Energy has a 12 month low of $8.19 and a 12 month high of $20.34.

Uranium Energy (NYSEAMERICAN:UEC) last posted its earnings results on Tuesday, September 29th. The basic materials company reported ($0.12) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.08). The business had revenue of $17.05 million during the quarter, compared to the consensus estimate of $9.00 million. As a group, research analysts anticipate that Uranium Energy will post -0.08 earnings per share for the current year.

Institutional Trading of Uranium Energy

Several hedge funds have recently added to or reduced their stakes in UEC. Ninepoint Partners LP acquired a new position in Uranium Energy during the 2nd quarter valued at about $1,125,000. Bank of America Corp DE acquired a new position in shares of Uranium Energy during the second quarter valued at approximately $14,195,000. BlackRock Inc. acquired a new position in shares of Uranium Energy during the second quarter valued at approximately $432,676,000. Concurrent Investment Advisors LLC bought a new stake in Uranium Energy during the second quarter worth approximately $1,034,000. Finally, TimesSquare Capital Management LLC bought a new stake in Uranium Energy during the second quarter worth approximately $17,972,000. Institutional investors own 62.28% of the company’s stock.

Uranium Energy Company Profile

Uranium Energy Corp. is a uranium mining and exploration company headquartered in Corpus Christi, Texas. The company focuses on the acquisition, development and operation of uranium projects, with an emphasis on in-situ recovery (ISR), a mining method that extracts uranium from underground deposits without conventional open-pit or underground mining. Its operations and development portfolio are primarily located in the United States, including projects in Texas and Wyoming.

UEC’s U.S. assets include ISR projects, processing facilities and associated resource properties.