Uranium Energy Corp. (NYSEAMERICAN:UEC) Stock Has Average Target Price of $16.75

Uranium Energy Corp. (NYSEAMERICAN:UEC) has earned a consensus recommendation of “Moderate Buy” from the eight brokerages that are currently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and five have given a buy recommendation to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $16.75.

UEC has been the topic of a number of research analyst reports. Royal Bank Of Canada initiated coverage on Uranium Energy in a research note on Friday, October 2nd. They issued a “sector perform” rating and a $10.00 target price on the stock. Zacks Research lowered Uranium Energy from a “hold” rating to a “strong sell” rating in a research note on Monday, October 5th. National Bank Financial cut their price objective on Uranium Energy from $16.00 to $15.00 and set an “outperform” rating for the company in a report on Monday, October 5th. HC Wainwright reiterated a “buy” rating and issued a $26.75 price objective on shares of Uranium Energy in a report on Wednesday, September 30th. Finally, Jefferies Financial Group began coverage on Uranium Energy in a research report on Thursday, September 3rd. They set a “hold” rating and a $11.50 price objective on the stock.

Uranium Energy Price Performance

Shares of NYSEAMERICAN:UEC opened at $9.19 on Friday. The company’s fifty day moving average price is $10.82 and its 200-day moving average price is $11.89. The firm has a market capitalization of $4.55 billion, a price-to-earnings ratio of -32.82 and a beta of 1.38. Uranium Energy has a one year low of $8.90 and a one year high of $20.34.

Uranium Energy (NYSEAMERICAN:UEC) last posted its quarterly earnings data on Tuesday, September 29th. The basic materials company reported ($0.12) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.08). The firm had revenue of $17.05 million for the quarter, compared to the consensus estimate of $9.00 million. As a group, equities research analysts expect that Uranium Energy will post -0.08 EPS for the current year.

Institutional Trading of Uranium Energy

A number of hedge funds have recently bought and sold shares of UEC. Balboa Wealth Partners lifted its holdings in shares of Uranium Energy by 2.9% in the 1st quarter. Balboa Wealth Partners now owns 27,820 shares of the basic materials company’s stock worth $376,000 after acquiring an additional 775 shares during the last quarter. Sequoia Financial Advisors LLC boosted its stake in shares of Uranium Energy by 6.0% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 18,673 shares of the basic materials company’s stock valued at $199,000 after purchasing an additional 1,050 shares in the last quarter. TD Waterhouse Canada Inc. boosted its stake in shares of Uranium Energy by 31.3% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 5,589 shares of the basic materials company’s stock valued at $59,000 after purchasing an additional 1,333 shares in the last quarter. CoreCap Advisors LLC boosted its stake in shares of Uranium Energy by 6.2% in the 2nd quarter. CoreCap Advisors LLC now owns 25,850 shares of the basic materials company’s stock valued at $276,000 after purchasing an additional 1,500 shares in the last quarter. Finally, KBC Group NV grew its holdings in shares of Uranium Energy by 15.2% during the 1st quarter. KBC Group NV now owns 15,552 shares of the basic materials company’s stock valued at $210,000 after purchasing an additional 2,054 shares during the last quarter. 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.