Uranium Energy Corp. (NYSEAMERICAN:UEC) Receives $14.92 Average Price Target from Brokerages

Shares of Uranium Energy Corp. (NYSEAMERICAN:UEC) have earned an average rating of “Buy” from the ten research firms that are covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold rating, six have issued a buy rating and two have given a strong buy rating to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $14.9167.

UEC has been the subject of several research analyst reports. Zacks Research raised shares of Uranium Energy from a “strong sell” rating to a “hold” rating in a research report on Monday, December 1st. Roth Mkm restated a “buy” rating and issued a $16.00 price objective on shares of Uranium Energy in a report on Thursday, December 11th. Finally, National Bankshares increased their target price on Uranium Energy from $15.50 to $16.50 and gave the stock an “outperform” rating in a research report on Friday, December 19th.

Hedge Funds Weigh In On Uranium Energy

A number of institutional investors have recently added to or reduced their stakes in the company. Independent Wealth Network Inc. grew its position in shares of Uranium Energy by 2.0% in the 4th quarter. Independent Wealth Network Inc. now owns 30,514 shares of the basic materials company’s stock worth $356,000 after buying an additional 597 shares during the period. Clear Creek Financial Management LLC boosted its stake in Uranium Energy by 2.3% during the fourth quarter. Clear Creek Financial Management LLC now owns 28,949 shares of the basic materials company’s stock worth $338,000 after acquiring an additional 655 shares in the last quarter. CoreCap Advisors LLC boosted its stake in Uranium Energy by 3.1% during the third quarter. CoreCap Advisors LLC now owns 25,200 shares of the basic materials company’s stock worth $336,000 after acquiring an additional 750 shares in the last quarter. U.S. Capital Wealth Advisors LLC grew its holdings in Uranium Energy by 5.2% in the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 15,778 shares of the basic materials company’s stock worth $184,000 after purchasing an additional 778 shares during the period. Finally, Heritage Family Offices LLP increased its stake in shares of Uranium Energy by 5.2% during the fourth quarter. Heritage Family Offices LLP now owns 15,785 shares of the basic materials company’s stock valued at $184,000 after purchasing an additional 785 shares in the last quarter. Institutional investors own 62.28% of the company’s stock.

Uranium Energy Stock Performance

NYSEAMERICAN UEC opened at $17.81 on Friday. The stock has a market cap of $8.61 billion, a P/E ratio of -148.42 and a beta of 1.22. Uranium Energy has a fifty-two week low of $3.85 and a fifty-two week high of $20.34. The stock has a 50 day simple moving average of $14.57 and a two-hundred day simple moving average of $12.88.

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.