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

Uranium Energy (NYSEAMERICAN:UEC) had its price objective decreased by research analysts at National Bank Financial from $16.00 to $15.00 in a report issued on Monday, BayStreet reports. The firm currently has an “outperform” rating on the basic materials company’s stock. National Bank Financial’s price target indicates a potential upside of 59.15% from the company’s previous close.

Several other research firms also recently issued reports on UEC. Jefferies Financial Group started coverage on Uranium Energy in a research note on Thursday, September 3rd. They set a “hold” rating and a $11.50 price target for the company. The Goldman Sachs Group restated a “buy” rating and issued a $16.00 price objective on shares of Uranium Energy in a research note on Tuesday, June 9th. Royal Bank Of Canada assumed coverage on Uranium Energy in a research note on Friday. They set a “sector perform” rating and a $10.00 target price for the company. Finally, HC Wainwright restated a “buy” rating and issued a $26.75 price target on shares of Uranium Energy in a research report on Wednesday, September 30th. Six analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, Uranium Energy presently has an average rating of “Moderate Buy” and a consensus price target of $15.97.

Uranium Energy Price Performance

Uranium Energy stock traded up $0.12 during trading hours on Monday, hitting $9.43. The company had a trading volume of 6,205,419 shares, compared to its average volume of 9,754,378. Uranium Energy has a fifty-two week low of $8.90 and a fifty-two week high of $20.34. The firm has a market capitalization of $4.67 billion, a P/E ratio of -33.70 and a beta of 1.38. The firm’s fifty day moving average is $10.83 and its 200-day moving average is $12.02.

Uranium Energy (NYSEAMERICAN:UEC) last announced its quarterly earnings data on Tuesday, September 29th. The basic materials company reported ($0.12) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by ($0.08). The company had revenue of $17.05 million during the quarter, compared to analyst estimates of $9.00 million. Analysts anticipate that Uranium Energy will post -0.08 earnings per share for the current year.

Institutional Trading of Uranium Energy

Several large investors have recently added to or reduced their stakes in the company. Ninepoint Partners LP bought a new stake in Uranium Energy during the 2nd quarter worth about $1,125,000. Bank of America Corp DE bought a new position in shares of Uranium Energy in the 2nd quarter valued at about $14,195,000. BI Asset Management Fondsmaeglerselskab A S bought a new position in shares of Uranium Energy in the 4th quarter valued at about $1,533,000. BlackRock Inc. acquired a new stake in shares of Uranium Energy during the 2nd quarter worth approximately $432,676,000. Finally, Concurrent Investment Advisors LLC bought a new stake in shares of Uranium Energy during the second quarter worth approximately $1,034,000. 62.28% of the stock is owned by 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.