Uranium Energy (NYSEAMERICAN:UEC) Issues Earnings Results

Uranium Energy (NYSEAMERICAN:UEC) issued its quarterly earnings data on Tuesday. The basic materials company reported ($0.12) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by ($0.08), FiscalAI reports. The company had revenue of $17.05 million during the quarter, compared to analyst estimates of $9.00 million.

Uranium Energy Price Performance

UEC opened at $9.21 on Tuesday. The business has a fifty day simple moving average of $10.85 and a 200 day simple moving average of $12.15. The company has a market capitalization of $4.56 billion, a PE ratio of -76.75 and a beta of 1.23. Uranium Energy has a 1 year low of $8.90 and a 1 year high of $20.34.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. HC Wainwright reiterated a “buy” rating on shares of Uranium Energy in a report on Wednesday, August 26th. Jefferies Financial Group started coverage on Uranium Energy in a research note on Thursday, September 3rd. They set a “hold” rating and a $11.50 price objective on the stock. Finally, The Goldman Sachs Group reissued a “buy” rating and issued a $16.00 price objective on shares of Uranium Energy in a report on Tuesday, June 9th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $17.04.

About Uranium Energy

Uranium Energy Corp. (NYSE American: UEC) is a uranium mining and nuclear fuel company focused on the exploration, development and production of uranium in the United States and Canada. Its activities support the supply of uranium used to generate nuclear power.

The company’s U.S. portfolio includes in-situ recovery uranium projects and processing infrastructure in South Texas and Wyoming. Its South Texas operations include the Hobson Processing Facility and nearby well-field projects, while its Wyoming assets include the Irigaray Central Processing Plant and the Christensen Ranch project.