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

Shares of Uranium Energy Corp. (NYSEAMERICAN:UEC) have earned a consensus rating of “Moderate Buy” from the nine ratings firms that are presently covering the stock, Marketbeat.com reports. Two 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 twelve-month price target among analysts that have issued ratings on the stock in the last year is $17.4062.

UEC has been the subject of several recent research reports. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $16.00 price target on shares of Uranium Energy in a report on Tuesday, June 9th. HC Wainwright reaffirmed a “buy” rating and issued a $26.75 target price on shares of Uranium Energy in a research report on Wednesday, June 10th.

Hedge Funds Weigh In On Uranium Energy

A number of hedge funds and other institutional investors have recently made changes to their positions in UEC. Heck Capital Advisors LLC bought a new position in shares of Uranium Energy during the 2nd quarter worth about $155,000. Handelsbanken Fonder AB raised its position in Uranium Energy by 11.7% in the second quarter. Handelsbanken Fonder AB now owns 171,600 shares of the basic materials company’s stock worth $1,829,000 after purchasing an additional 18,000 shares in the last quarter. IFC & Insurance Marketing Inc. bought a new position in Uranium Energy during the second quarter worth about $138,000. Hennion & Walsh Asset Management Inc. lifted its stake in Uranium Energy by 10.0% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 212,252 shares of the basic materials company’s stock worth $2,263,000 after purchasing an additional 19,351 shares during the period. Finally, GAMMA Investing LLC boosted its holdings in Uranium Energy by 54.8% during the second quarter. GAMMA Investing LLC now owns 8,974 shares of the basic materials company’s stock valued at $96,000 after purchasing an additional 3,177 shares in the last quarter. 62.28% of the stock is owned by institutional investors.

Uranium Energy Price Performance

NYSEAMERICAN UEC opened at $9.51 on Friday. The firm has a market capitalization of $4.71 billion, a price-to-earnings ratio of -79.25 and a beta of 1.18. The company’s fifty day moving average is $11.43 and its two-hundred day moving average is $13.86. Uranium Energy has a 52-week low of $7.80 and a 52-week high of $20.34.

Uranium Energy (NYSEAMERICAN:UEC) last posted its quarterly earnings data on Tuesday, June 9th. The basic materials company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.04). As a group, sell-side analysts expect that Uranium Energy will post -0.15 earnings per share for the current fiscal year.

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.