Uranium Energy’s (UEC) Buy Rating Reiterated at HC Wainwright

Uranium Energy (NYSEAMERICAN:UEC)‘s stock had its “buy” rating reissued by HC Wainwright in a note issued to investors on Wednesday, Benzinga reports. They currently have a $26.75 price objective on the basic materials company’s stock. HC Wainwright’s price objective would suggest a potential upside of 185.33% from the stock’s current price. HC Wainwright also issued estimates for Uranium Energy’s FY2027 earnings at ($0.21) EPS.

Other research analysts also recently issued research reports about the company. The Goldman Sachs Group reissued a “buy” rating and issued a $16.00 target price on shares of Uranium Energy in a report on Tuesday, June 9th. Jefferies Financial Group initiated coverage on shares of Uranium Energy in a report on Thursday, September 3rd. They issued a “hold” rating and a $11.50 price objective on the stock. Six analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, Uranium Energy currently has an average rating of “Moderate Buy” and an average target price of $16.16.

Uranium Energy Stock Up 0.8%

UEC traded up $0.08 during trading on Wednesday, reaching $9.38. 5,384,756 shares of the company were exchanged, compared to its average volume of 9,748,566. Uranium Energy has a 12-month low of $8.90 and a 12-month high of $20.34. The company’s 50-day moving average is $10.83 and its two-hundred day moving average is $12.02. The company has a market cap of $4.65 billion, a price-to-earnings ratio of -33.56 and a beta of 1.38.

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

Institutional Investors Weigh In On Uranium Energy

A number of hedge funds have recently modified their holdings of the company. BlackRock Inc. acquired a new position in Uranium Energy in the second quarter valued at $432,676,000. Van ECK Associates Corp grew its holdings in Uranium Energy by 21.8% in the second quarter. Van ECK Associates Corp now owns 29,034,465 shares of the basic materials company’s stock valued at $309,507,000 after purchasing an additional 5,191,738 shares during the last quarter. Alps Advisors Inc. lifted its holdings in shares of Uranium Energy by 16.3% in the fourth quarter. Alps Advisors Inc. now owns 17,462,284 shares of the basic materials company’s stock valued at $203,959,000 after purchasing an additional 2,453,744 shares in the last quarter. Geode Capital Management LLC grew its holdings in Uranium Energy by 13.4% during the 4th quarter. Geode Capital Management LLC now owns 11,449,334 shares of the basic materials company’s stock valued at $133,751,000 after buying an additional 1,355,701 shares during the last quarter. Finally, Norges Bank acquired a new stake in shares of Uranium Energy during the fourth quarter valued at $118,019,000. Hedge funds and other institutional investors own 62.28% of the company’s stock.

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.