Uranium Energy Corp. (NYSEAMERICAN:UEC) Receives $17.41 Average Target Price from Analysts

Shares of Uranium Energy Corp. (NYSEAMERICAN:UEC) have been given an average recommendation of “Moderate Buy” by the nine research firms that are currently covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $17.4062.

Several analysts have issued reports on UEC shares. HC Wainwright restated a “buy” rating and set a $26.75 price objective on shares of Uranium Energy in a research note on Wednesday, June 10th. The Goldman Sachs Group reissued a “buy” rating and set a $16.00 price target on shares of Uranium Energy in a research report on Tuesday, June 9th.

Uranium Energy Stock Down 4.7%

UEC stock opened at $9.44 on Friday. Uranium Energy has a 52-week low of $7.80 and a 52-week high of $20.34. The company has a market capitalization of $4.67 billion, a PE ratio of -78.67 and a beta of 1.18. The stock’s 50 day moving average is $11.31 and its two-hundred day moving average is $13.80.

Uranium Energy (NYSEAMERICAN:UEC) last issued its quarterly earnings results on Tuesday, June 9th. The basic materials company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.04). As a group, sell-side analysts anticipate that Uranium Energy will post -0.15 EPS for the current year.

Institutional Investors Weigh In On Uranium Energy

A number of institutional investors have recently modified their holdings of UEC. Vanguard Group Inc. grew its stake 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 worth $551,854,000 after buying an additional 11,521,597 shares during the last quarter. Norges Bank acquired a new position in shares of Uranium Energy during the fourth quarter valued at $118,019,000. Price T Rowe Associates Inc. MD grew its position in shares of Uranium Energy by 11.8% during 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 acquiring an additional 7,013,279 shares during the last quarter. Van ECK Associates Corp increased its holdings 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 worth $229,695,000 after acquiring an additional 3,969,046 shares during the period. Finally, State Street Corp lifted its position in Uranium Energy by 18.5% in the 4th quarter. State Street Corp now owns 22,521,502 shares of the basic materials company’s stock valued at $263,051,000 after purchasing an additional 3,509,848 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.