National Bank Financial Cuts Uranium Energy (NYSEAMERICAN:UEC) Price Target to $15.00

Uranium Energy (NYSEAMERICAN:UEC) had its price target lowered by National Bank Financial from $16.00 to $15.00 in a research report sent to investors on Monday,BayStreet reports. The brokerage currently has an outperform rating on the basic materials company’s stock.

Several other analysts also recently commented on UEC. Royal Bank Of Canada started coverage on shares of Uranium Energy in a research report on Friday, October 2nd. They set a “sector perform” rating and a $10.00 price objective on the stock. Jefferies Financial Group began coverage on shares of Uranium Energy in a report on Thursday, September 3rd. They issued a “hold” rating and a $11.50 target price for the company. HC Wainwright reiterated a “buy” rating and issued a $26.75 price target on shares of Uranium Energy in a research note on Wednesday, September 30th. Finally, The Goldman Sachs Group reissued a “buy” rating and set a $16.00 price target on shares of Uranium Energy in a report on Tuesday, June 9th. Five investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Uranium Energy currently has an average rating of “Moderate Buy” and a consensus target price of $16.75.

Uranium Energy Trading Down 6.3%

NYSEAMERICAN UEC opened at $9.47 on Monday. Uranium Energy has a 12 month low of $8.90 and a 12 month high of $20.34. The stock has a market cap of $4.69 billion, a price-to-earnings ratio of -33.82 and a beta of 1.38. The company’s 50 day moving average is $10.84 and its two-hundred day moving average is $11.94.

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

Hedge Funds Weigh In On Uranium Energy

Several institutional investors have recently bought and sold shares of the stock. PenderFund Capital Management Ltd. purchased a new stake in Uranium Energy in the 2nd quarter worth $35,000. Caitong International Asset Management Co. Ltd purchased a new position in shares of Uranium Energy during the fourth quarter valued at about $39,000. Longview Financial Advisors Inc. purchased a new position in shares of Uranium Energy during the first quarter valued at about $52,000. EFG International AG bought a new stake in shares of Uranium Energy in the second quarter worth about $43,000. Finally, Western Wealth Management LLC bought a new stake in shares of Uranium Energy in the first quarter worth about $60,000. 62.28% of the stock is owned by hedge funds and other institutional investors.

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.