Uranium Energy (NYSEAMERICAN:UEC) Issues Earnings Results, Misses Expectations By $0.06 EPS

Uranium Energy (NYSEAMERICAN:UEC) posted its earnings results on Tuesday. The basic materials company reported ($0.11) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.06), FiscalAI reports.

Uranium Energy Stock Down 0.3%

NYSEAMERICAN:UEC opened at $12.61 on Tuesday. The firm has a market cap of $6.18 billion, a PE ratio of -105.08 and a beta of 1.12. Uranium Energy has a 12 month low of $5.90 and a 12 month high of $20.34. The company’s 50-day moving average price is $14.05 and its two-hundred day moving average price is $14.33.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Roth Mkm set a $17.00 target price on shares of Uranium Energy in a research note on Wednesday, March 11th. TD Securities lowered their target price on shares of Uranium Energy from $22.00 to $21.00 and set a “buy” rating on the stock in a research note on Wednesday, March 11th. Finally, HC Wainwright reissued a “buy” rating and issued a $26.75 target price on shares of Uranium Energy in a research note on Wednesday, May 20th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $17.66.

Hedge Funds Weigh In On Uranium Energy

A number of institutional investors and hedge funds have recently added to or reduced their stakes in UEC. AQR Capital Management LLC boosted its position in 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 buying an additional 80,464 shares in the last quarter. Caxton Associates LLP acquired a new position in Uranium Energy in the first quarter valued at about $173,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in 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 buying an additional 423,994 shares in the last quarter. Focus Partners Wealth boosted its position in 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 buying an additional 19,407 shares in the last quarter. Finally, Cetera Investment Advisers boosted its position in 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 buying an additional 15,744 shares in the last quarter. 62.28% of the stock is currently owned by institutional investors and hedge funds.

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.