Uranium Energy Corp. (NYSEAMERICAN:UEC) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Uranium Energy Corp. (NYSEAMERICAN:UEC) have been assigned an average rating of “Moderate Buy” from the nine ratings firms that are presently covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $15.6563.

Several equities analysts have issued reports on the company. The Goldman Sachs Group reissued a “buy” rating and issued a $18.00 price target on shares of Uranium Energy in a research note on Wednesday, February 4th. Zacks Research upgraded shares of Uranium Energy from a “strong sell” rating to a “hold” rating in a research report on Monday, December 1st. National Bank Financial raised their price target on shares of Uranium Energy from $15.50 to $16.50 and gave the stock an “outperform” rating in a report on Friday, December 19th. Finally, Roth Mkm reiterated a “buy” rating and set a $16.00 price objective on shares of Uranium Energy in a report on Thursday, December 11th.

Institutional Investors Weigh In On Uranium Energy

A number of hedge funds have recently added to or reduced their stakes in UEC. Ameritas Advisory Services LLC bought a new position in shares of Uranium Energy in the 3rd quarter worth $33,000. Operose Advisors LLC acquired a new position in Uranium Energy during the second quarter worth $34,000. Sound Income Strategies LLC grew its holdings in shares of Uranium Energy by 159.1% during the fourth quarter. Sound Income Strategies LLC now owns 3,094 shares of the basic materials company’s stock valued at $36,000 after buying an additional 1,900 shares during the last quarter. PenderFund Capital Management Ltd. bought a new stake in shares of Uranium Energy during the fourth quarter worth about $39,000. Finally, Caitong International Asset Management Co. Ltd bought a new stake in shares of Uranium Energy during the fourth quarter worth about $39,000. Institutional investors and hedge funds own 62.28% of the company’s stock.

Uranium Energy Trading Down 3.3%

Shares of UEC stock opened at $15.63 on Thursday. Uranium Energy has a 1-year low of $3.85 and a 1-year high of $20.34. The stock has a market cap of $7.56 billion, a price-to-earnings ratio of -130.25 and a beta of 1.22. The stock has a 50-day moving average of $15.56 and a 200-day moving average of $13.62.

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.