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

Shares of Uranium Energy Corp. (NYSEAMERICAN:UEC) have received a consensus recommendation of “Moderate Buy” from the eight ratings firms that are covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating on the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $16.75.

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

Uranium Energy Stock Up 10.1%

UEC opened at $7.62 on Tuesday. Uranium Energy has a 12-month low of $6.11 and a 12-month high of $20.34. The stock has a market cap of $3.78 billion, a price-to-earnings ratio of -27.21 and a beta of 1.36. The business has a 50 day moving average of $9.19 and a 200-day moving average of $12.23.

Uranium Energy (NYSEAMERICAN:UEC) last issued its earnings results on Tuesday, September 29th. The basic materials company reported ($0.12) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.08). The firm had revenue of $17.05 million during the quarter, compared to the consensus estimate of $9.00 million. As a group, analysts expect that Uranium Energy will post -0.20 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of UEC. BlackRock Inc. acquired a new position in shares of Uranium Energy in the second quarter valued at approximately $432,676,000. Van ECK Associates Corp increased its stake in shares of Uranium Energy by 21.8% during the second quarter. Van ECK Associates Corp now owns 29,034,465 shares of the basic materials company’s stock worth $309,507,000 after purchasing an additional 5,191,738 shares during the period. Alps Advisors Inc. lifted its holdings in Uranium Energy by 14.4% during the 3rd quarter. Alps Advisors Inc. now owns 11,242,054 shares of the basic materials company’s stock worth $106,237,000 after purchasing an additional 1,412,725 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in Uranium Energy by 3.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 5,642,038 shares of the basic materials company’s stock worth $76,134,000 after purchasing an additional 170,510 shares during the last quarter. Finally, Wellington Management Group LLP lifted its holdings in Uranium Energy by 62.2% during the 2nd quarter. Wellington Management Group LLP now owns 5,310,825 shares of the basic materials company’s stock worth $56,613,000 after purchasing an additional 2,035,586 shares during the last quarter. 62.28% of the stock is owned by institutional investors.

Uranium Energy Company Profile

Uranium Energy Corp. is a uranium mining and exploration company focused on supplying uranium for nuclear power generation. Its activities include developing and operating in-situ recovery projects, a mining method that dissolves uranium underground and pumps it to the surface for processing. The company’s principal product is uranium concentrate.

The company’s U.S. projects and processing facilities are located primarily in Wyoming and South Texas. It also holds uranium exploration and development interests in Canada, including projects in the Athabasca Basin.

Founded in 2003, Uranium Energy is led by President and Chief Executive Officer Amir Adnani, a company co-founder.