Uranium Energy Corp. (NYSEAMERICAN:UEC) Receives $8.90 Consensus Price Target from Analysts

Uranium Energy Corp. (NYSEAMERICAN:UEC) has been given an average recommendation of “Buy” by the five ratings firms that are covering the firm, Marketbeat Ratings reports. Five analysts have rated the stock with a buy recommendation. The average 12-month price target among analysts that have covered the stock in the last year is $8.90.

Separately, HC Wainwright reiterated a “buy” rating and issued a $10.25 target price on shares of Uranium Energy in a report on Tuesday, June 11th.

Uranium Energy Trading Up 2.0 %

UEC stock opened at $6.76 on Friday. Uranium Energy has a fifty-two week low of $2.87 and a fifty-two week high of $8.34. The business’s 50 day moving average price is $6.71. The firm has a market cap of $2.76 billion, a P/E ratio of -225.17 and a beta of 1.86.

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

Institutional Trading of Uranium Energy

A number of institutional investors have recently added to or reduced their stakes in UEC. Farmers & Merchants Trust Co of Chambersburg PA bought a new stake in Uranium Energy during the fourth quarter valued at $27,000. EntryPoint Capital LLC grew its holdings in shares of Uranium Energy by 897.7% during the first quarter. EntryPoint Capital LLC now owns 4,340 shares of the basic materials company’s stock worth $29,000 after purchasing an additional 3,905 shares in the last quarter. CVA Family Office LLC bought a new position in shares of Uranium Energy in the fourth quarter worth approximately $38,000. AJOVista LLC purchased a new stake in Uranium Energy in the fourth quarter valued at approximately $40,000. Finally, CWM LLC grew its stake in Uranium Energy by 22.2% in the 4th quarter. CWM LLC now owns 9,784 shares of the basic materials company’s stock worth $63,000 after buying an additional 1,776 shares in 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.