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

Uranium Energy Corp. (NYSEAMERICAN:UEC) has earned a consensus rating of “Moderate Buy” from the ten research firms that are currently covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $16.75.

A number of analysts recently issued reports on UEC shares. Jefferies Financial Group assumed coverage on shares of Uranium Energy in a research note on Thursday, September 3rd. They issued a “hold” rating and a $11.50 price target for the company. The Goldman Sachs Group reissued a “buy” rating and issued a $16.00 target price on shares of Uranium Energy in a research report on Tuesday, June 9th. Finally, HC Wainwright restated a “buy” rating on shares of Uranium Energy in a research note on Wednesday, August 26th.

Uranium Energy Price Performance

UEC stock opened at $9.81 on Monday. Uranium Energy has a 52-week low of $8.90 and a 52-week high of $20.34. The stock’s 50 day moving average is $10.86 and its two-hundred day moving average is $12.33. The company has a market capitalization of $4.85 billion, a PE ratio of -81.75 and a beta of 1.23.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. PenderFund Capital Management Ltd. bought a new stake in Uranium Energy during the second quarter valued at $35,000. Caitong International Asset Management Co. Ltd acquired a new position in shares of Uranium Energy in the 4th quarter valued at about $39,000. EFG International AG acquired a new position in shares of Uranium Energy in the 2nd quarter valued at about $43,000. Longview Financial Advisors Inc. acquired a new position in shares of Uranium Energy in the 1st quarter valued at about $52,000. Finally, Allworth Financial LP grew its position in shares of Uranium Energy by 177.6% during the 4th quarter. Allworth Financial LP now owns 4,714 shares of the basic materials company’s stock valued at $55,000 after buying an additional 3,016 shares during the last quarter. Institutional investors and hedge funds own 62.28% of the company’s stock.

Uranium Energy Company Profile

Uranium Energy Corp. (NYSE American: UEC) is a uranium mining and nuclear fuel company focused on the exploration, development and production of uranium in the United States and Canada. Its activities support the supply of uranium used to generate nuclear power.

The company’s U.S. portfolio includes in-situ recovery uranium projects and processing infrastructure in South Texas and Wyoming. Its South Texas operations include the Hobson Processing Facility and nearby well-field projects, while its Wyoming assets include the Irigaray Central Processing Plant and the Christensen Ranch project.