Uranium Energy (NYSEAMERICAN:UEC) Stock Rating Reaffirmed by HC Wainwright

Uranium Energy (NYSEAMERICAN:UEC)‘s stock had its “buy” rating reiterated by equities research analysts at HC Wainwright in a report issued on Wednesday, Benzinga reports. They currently have a $10.25 target price on the basic materials company’s stock. HC Wainwright’s price objective would indicate a potential upside of 107.07% from the stock’s current price.

Uranium Energy Stock Performance

Shares of NYSEAMERICAN:UEC opened at $4.95 on Wednesday. The firm has a fifty day moving average price of $6.64. The company has a market cap of $2.02 billion, a P/E ratio of -165.00 and a beta of 1.86. Uranium Energy has a one year low of $3.63 and a one year high of $8.34.

Uranium Energy (NYSEAMERICAN:UEC) last issued its quarterly earnings data on Friday, June 7th. The basic materials company reported ($0.05) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.06). Uranium Energy had a negative return on equity of 3.05% and a negative net margin of 8.20%. As a group, sell-side analysts forecast that Uranium Energy will post 0.03 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of UEC. MMCAP International Inc. SPC grew its stake in Uranium Energy by 17.0% in the 1st quarter. MMCAP International Inc. SPC now owns 29,610,903 shares of the basic materials company’s stock worth $199,874,000 after buying an additional 4,306,240 shares in the last quarter. Vanguard Group Inc. grew its position in Uranium Energy by 2.4% in the first quarter. Vanguard Group Inc. now owns 22,761,516 shares of the basic materials company’s stock worth $153,640,000 after acquiring an additional 538,703 shares in the last quarter. Norges Bank bought a new position in Uranium Energy in the fourth quarter valued at $96,000,000. Driehaus Capital Management LLC raised its position in Uranium Energy by 1.0% during the second quarter. Driehaus Capital Management LLC now owns 9,147,972 shares of the basic materials company’s stock valued at $54,979,000 after purchasing an additional 90,522 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in Uranium Energy by 18.9% during the second quarter. Dimensional Fund Advisors LP now owns 5,954,561 shares of the basic materials company’s stock worth $35,786,000 after purchasing an additional 947,773 shares during the last quarter. Hedge funds and other institutional investors own 62.28% of the company’s stock.

About Uranium Energy

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.