HC Wainwright Trims Uranium Energy (NYSEAMERICAN:UEC) Target Price to $8.00

Uranium Energy (NYSEAMERICAN:UEC – Get Rating) had its price target decreased by HC Wainwright from $8.25 to $8.00 in a research report report published on Tuesday, The Fly reports. HC Wainwright also issued estimates for Uranium Energy’s FY2023 earnings at $0.02 EPS.

Uranium Energy Stock Performance

Shares of UEC opened at $2.64 on Tuesday. Uranium Energy has a 1 year low of $2.30 and a 1 year high of $4.72. The firm’s 50 day moving average is $3.19. The stock has a market cap of $991.03 million, a price-to-earnings ratio of 37.71 and a beta of 1.98.

Uranium Energy (NYSEAMERICAN:UEC – Get Rating) last announced its quarterly earnings data on Monday, March 13th. The basic materials company reported $0.03 earnings per share (EPS) for the quarter. Uranium Energy had a net margin of 17.31% and a return on equity of 4.33%. The business had revenue of $47.93 million during the quarter, compared to analyst estimates of $25.20 million. As a group, equities research analysts expect that Uranium Energy will post -0.02 EPS for the current year.

Insiders Place Their Bets

In other news, EVP Scott Melbye acquired 21,000 shares of the company’s stock in a transaction on Friday, March 24th. The stock was bought at an average cost of $2.50 per share, with a total value of $52,500.00. Following the completion of the purchase, the executive vice president now directly owns 773,781 shares of the company’s stock, valued at $1,934,452.50. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Uranium Energy news, EVP Scott Melbye bought 21,000 shares of the firm’s stock in a transaction dated Friday, March 24th. The stock was acquired at an average cost of $2.50 per share, for a total transaction of $52,500.00. Following the completion of the transaction, the executive vice president now owns 773,781 shares in the company, valued at $1,934,452.50. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, Director Spencer Abraham bought 38,500 shares of the firm’s stock in a transaction dated Friday, March 24th. The shares were acquired at an average price of $2.61 per share, with a total value of $100,485.00. Following the completion of the transaction, the director now owns 605,437 shares of the company’s stock, valued at approximately $1,580,190.57. The disclosure for this purchase can be found here. Insiders bought 79,500 shares of company stock valued at $207,585 over the last three months. 3.70% of the stock is owned by company insiders.

Institutional Trading of Uranium Energy

Several institutional investors and hedge funds have recently made changes to their positions in UEC. D L Carlson Investment Group Inc. purchased a new position in Uranium Energy in the fourth quarter valued at about $39,000. Apexium Financial LP purchased a new position in Uranium Energy in the first quarter valued at about $29,000. CIBC Asset Management Inc purchased a new position in Uranium Energy in the first quarter valued at about $29,000. Mutual Advisors LLC purchased a new position in Uranium Energy in the first quarter valued at about $29,000. Finally, Chicago Partners Investment Group LLC purchased a new position in Uranium Energy in the first quarter valued at about $26,000. 40.37% of the stock is currently owned by institutional investors.

About Uranium Energy

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Uranium Energy Corp. engages in the provision of uranium mining and related activities. It includes the exploration, pre-extraction, extraction, and processing of uranium and titanium concentrates. It operates through the following geographical segments: United States, Canada, and Paraguay. The company was founded by Alan P.