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

Uranium Energy Corp. (NYSEAMERICAN:UEC) has received an average recommendation of “Moderate Buy” from the eight research firms that are presently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $16.75.

UEC has been the subject of several recent analyst reports. Royal Bank Of Canada assumed coverage on Uranium Energy in a research report on Friday, October 2nd. They set a “sector perform” rating and a $10.00 target price for the company. HC Wainwright reaffirmed a “buy” rating and issued a $26.75 price target on shares of Uranium Energy in a report on Wednesday, September 30th. Zacks Research cut Uranium Energy from a “hold” rating to a “strong sell” rating in a report on Monday, October 5th. Jefferies Financial Group started coverage on Uranium Energy in a research report on Thursday, September 3rd. They set a “hold” rating and a $11.50 price target for the company. Finally, National Bank Financial cut their price objective on Uranium Energy from $16.00 to $15.00 and set an “outperform” rating for the company in a report on Monday, October 5th.

Institutional Investors Weigh In On Uranium Energy

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Fulcrum Asset Management LLP grew its position in Uranium Energy by 205.0% during the third quarter. Fulcrum Asset Management LLP now owns 135,154 shares of the basic materials company’s stock valued at $1,256,000 after acquiring an additional 90,845 shares during the last quarter. Allspring Global Investments Holdings LLC raised its stake in shares of Uranium Energy by 4.4% during the third quarter. Allspring Global Investments Holdings LLC now owns 36,372 shares of the basic materials company’s stock worth $340,000 after acquiring an additional 1,518 shares in the last quarter. Pictet Asset Management Holding SA raised its stake in shares of Uranium Energy by 68.0% during the third quarter. Pictet Asset Management Holding SA now owns 134,611 shares of the basic materials company’s stock worth $1,272,000 after acquiring an additional 54,495 shares in the last quarter. Alps Advisors Inc. lifted its holdings in shares of Uranium Energy by 14.4% in the 3rd quarter. Alps Advisors Inc. now owns 11,242,054 shares of the basic materials company’s stock worth $106,237,000 after acquiring an additional 1,412,725 shares during the last quarter. Finally, CenterBook Partners LP bought a new stake in shares of Uranium Energy in the 3rd quarter worth approximately $197,000. 62.28% of the stock is owned by hedge funds and other institutional investors.

Uranium Energy Price Performance

Shares of NYSEAMERICAN:UEC opened at $6.48 on Tuesday. The firm has a fifty day moving average price of $9.42 and a two-hundred day moving average price of $12.34. Uranium Energy has a one year low of $6.11 and a one year high of $20.34. The company has a market cap of $3.21 billion, a price-to-earnings ratio of -23.14 and a beta of 1.36.

Uranium Energy (NYSEAMERICAN:UEC) last released its quarterly earnings results on Tuesday, September 29th. The basic materials company reported ($0.12) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.08). The firm had revenue of $17.05 million for the quarter, compared to analysts’ expectations of $9.00 million. Equities research analysts expect that Uranium Energy will post -0.20 EPS for the current fiscal year.

Uranium Energy Company Profile

Uranium Energy Corp. is a uranium mining and exploration company focused on developing and producing uranium in the United States. The company uses in-situ recovery (ISR) technology, which extracts uranium from underground deposits by circulating a solution through the orebody and processing the recovered materials into uranium concentrate, commonly known as yellowcake.

Uranium Energy’s U.S. assets include projects and processing infrastructure in South Texas and Wyoming. Its South Texas operations include the Hobson processing plant and nearby ISR projects, while its Wyoming portfolio includes the Christensen Ranch and other properties in the Powder River Basin.