Uranium Energy’s (UEC) “Buy” Rating Reaffirmed at HC Wainwright

Uranium Energy (NYSEAMERICAN:UEC)‘s stock had its “buy” rating reaffirmed by equities research analysts at HC Wainwright in a research note issued to investors on Wednesday,Benzinga reports. They currently have a $26.75 target price on the basic materials company’s stock. HC Wainwright’s price objective points to a potential upside of 124.60% from the company’s current price.

Several other research firms have also recently weighed in on UEC. The Goldman Sachs Group reaffirmed a “buy” rating and set a $18.00 price objective on shares of Uranium Energy in a research report on Wednesday, February 4th. Roth Mkm set a $17.00 price objective on Uranium Energy in a report on Wednesday, March 11th. Finally, TD Securities dropped their price objective 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. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $17.66.

Uranium Energy Trading Down 9.8%

Shares of NYSEAMERICAN UEC opened at $11.91 on Wednesday. Uranium Energy has a 12 month low of $5.03 and a 12 month high of $20.34. The firm has a market capitalization of $5.84 billion, a PE ratio of -99.25 and a beta of 1.17. The firm has a fifty day simple moving average of $14.05 and a two-hundred day simple moving average of $14.26.

Uranium Energy (NYSEAMERICAN:UEC) last issued its quarterly earnings data on Tuesday, March 10th. The basic materials company reported ($0.03) EPS for the quarter, hitting the consensus estimate of ($0.03). The company had revenue of $20.20 million during the quarter, compared to the consensus estimate of $12.85 million. On average, sell-side analysts predict that Uranium Energy will post -0.12 earnings per share for the current year.

Institutional Investors Weigh In On Uranium Energy

Institutional investors and hedge funds have recently made changes to their positions in the company. AQR Capital Management LLC lifted its holdings in shares of Uranium Energy by 56.6% during 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 purchasing an additional 80,464 shares in the last quarter. Caxton Associates LLP bought a new position in Uranium Energy in the first quarter worth approximately $173,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised 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 worth $6,537,000 after acquiring an additional 423,994 shares during the period. Focus Partners Wealth raised 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 worth $174,000 after acquiring an additional 19,407 shares during the period. Finally, Cetera Investment Advisers raised 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 worth $549,000 after acquiring an additional 15,744 shares during the period. Institutional investors own 62.28% of the company’s stock.

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.