Uranium Energy (UEC) Expected to Announce Earnings on Friday

Uranium Energy (NYSEAMERICAN:UEC) is expected to be releasing its earnings data before the market opens on Friday, June 6th. Analysts expect Uranium Energy to post earnings of ($0.04) per share for the quarter.

Uranium Energy Price Performance

NYSEAMERICAN UEC opened at $6.36 on Wednesday. The firm has a market capitalization of $2.69 billion, a price-to-earnings ratio of -53.00 and a beta of 1.88. The company has a 50 day simple moving average of $5.20 and a 200-day simple moving average of $6.44. Uranium Energy has a 52-week low of $3.85 and a 52-week high of $8.93.

Institutional Investors Weigh In On Uranium Energy

A number of institutional investors have recently bought and sold shares of the business. Focus Partners Wealth boosted its stake in Uranium Energy by 114.0% during the first quarter. Focus Partners Wealth now owns 36,427 shares of the basic materials company’s stock worth $174,000 after buying an additional 19,407 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of Uranium Energy by 44.9% in the 1st 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 valued at $6,537,000 after purchasing an additional 423,994 shares in the last quarter. Caxton Associates LLP acquired a new stake in shares of Uranium Energy in the 1st quarter valued at $173,000. Finally, AQR Capital Management LLC boosted its stake in shares of Uranium Energy by 56.6% in the 1st 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. Institutional investors and hedge funds own 62.28% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on UEC. National Bankshares set a $10.00 price objective on shares of Uranium Energy and gave the company an “outperform” rating in a research report on Wednesday, February 12th. National Bank Financial began coverage on shares of Uranium Energy in a research report on Wednesday, February 12th. They set an “outperform” rating and a $10.00 price objective on the stock. Stifel Canada raised shares of Uranium Energy to a “strong-buy” rating in a research report on Tuesday, March 11th. HC Wainwright reissued a “buy” rating and issued a $12.25 price target on shares of Uranium Energy in a research report on Thursday, March 13th. Finally, BMO Capital Markets began coverage on shares of Uranium Energy in a research report on Tuesday. They issued an “outperform” rating and a $7.75 price target on the stock. Five investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $10.13.

Uranium Energy Company Profile

Uranium Energy Corp., together with its subsidiaries, engages in exploration, pre-extraction, extraction, and processing uranium and titanium concentrates in the United States, Canada, and Paraguay. It owns interests in the Palangana mine, Goliad, Burke Hollow, Longhorn, and Salvo projects located in Texas; Anderson, Workman Creek, and Los Cuatros projects situated in Arizona; Dalton Pass and C de Baca project located in New Mexico; Roughrider, Shea Creek, Christie Lake, Horseshoe-Raven, Hidden Bay, Diabase, West Bear, JCU, and other project located in Canada; and Yuty, Oviedo, and Alto Paraná titanium projects in Paraguay.