TD Securities Cuts Uranium Energy (NYSEAMERICAN:UEC) Price Target to $21.00

Uranium Energy (NYSEAMERICAN:UEC) had its price objective decreased by TD Securities from $22.00 to $21.00 in a research report sent to investors on Wednesday morning,Benzinga reports. TD Securities currently has a buy rating on the basic materials company’s stock.

Several other analysts have also recently weighed in on the stock. Zacks Research raised shares of Uranium Energy from a “strong sell” rating to a “hold” rating in a research note on Monday, December 1st. HC Wainwright lifted their price target on shares of Uranium Energy from $26.50 to $26.75 and gave the company a “buy” rating in a research report on Wednesday. The Goldman Sachs Group reiterated a “buy” rating and issued a $18.00 price objective on shares of Uranium Energy in a report on Wednesday, February 4th. Roth Mkm reiterated a “buy” rating and issued a $16.00 price objective on shares of Uranium Energy in a research report on Thursday, December 11th. Finally, National Bank Financial raised their target price on Uranium Energy from $15.50 to $16.50 and gave the stock an “outperform” rating in a research note on Friday, December 19th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $17.53.

Uranium Energy Stock Down 4.8%

NYSEAMERICAN UEC opened at $13.41 on Wednesday. The business’s fifty day simple moving average is $16.07 and its 200-day simple moving average is $13.95. The firm has a market cap of $6.48 billion, a PE ratio of -111.75 and a beta of 1.21. Uranium Energy has a 52 week low of $3.85 and a 52 week high of $20.34.

Uranium Energy (NYSEAMERICAN:UEC) last announced its quarterly earnings data on Tuesday, March 10th. The basic materials company reported ($0.03) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.03). The firm had revenue of $20.20 million during the quarter, compared to analysts’ expectations of $12.85 million. Research analysts expect that Uranium Energy will post 0.01 EPS for the current year.

Hedge Funds Weigh In On Uranium Energy

Large investors have recently made changes to their positions in the stock. ARP Global Capital Ltd purchased a new position in shares of Uranium Energy during the 4th quarter worth approximately $1,150,000. Hsbc Holdings PLC purchased a new stake in Uranium Energy in the fourth quarter valued at approximately $2,857,000. Caitong International Asset Management Co. Ltd acquired a new position in Uranium Energy during the fourth quarter worth $39,000. Pacer Advisors Inc. purchased a new position in shares of Uranium Energy during the fourth quarter worth $2,190,000. Finally, T. Rowe Price Investment Management Inc. purchased a new position in shares of Uranium Energy during the fourth quarter worth $16,578,000. 62.28% of the stock is currently owned by institutional investors and hedge funds.

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.