Uranium Energy Corp. (NYSEAMERICAN:UEC) Receives $15.66 Consensus Target Price from Brokerages

Uranium Energy Corp. (NYSEAMERICAN:UEC) has been assigned a consensus rating of “Moderate Buy” from the nine analysts that are currently covering the firm, MarketBeat reports. Two analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $15.6563.

A number of equities research analysts recently weighed in on UEC shares. Zacks Research upgraded Uranium Energy from a “strong sell” rating to a “hold” rating in a research report on Monday, December 1st. Roth Mkm restated a “buy” rating and set a $16.00 price target on shares of Uranium Energy in a report on Thursday, December 11th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $18.00 price objective on shares of Uranium Energy in a research note on Wednesday, February 4th. Finally, National Bank Financial lifted their target price on shares of Uranium Energy from $15.50 to $16.50 and gave the stock an “outperform” rating in a research report on Friday, December 19th.

Uranium Energy Price Performance

Shares of NYSEAMERICAN:UEC opened at $15.04 on Thursday. The company has a market cap of $7.27 billion, a price-to-earnings ratio of -125.33 and a beta of 1.21. The firm has a 50 day simple moving average of $15.85 and a 200 day simple moving average of $13.79. Uranium Energy has a one year low of $3.85 and a one year high of $20.34.

Institutional Trading of Uranium Energy

Institutional investors have recently modified their holdings of the business. Price T Rowe Associates Inc. MD lifted its holdings in Uranium Energy by 11.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 66,352,123 shares of the basic materials company’s stock worth $774,995,000 after buying an additional 7,013,279 shares during the period. Vanguard Group Inc. lifted its stake in shares of Uranium Energy by 32.2% in the fourth quarter. Vanguard Group Inc. now owns 47,247,813 shares of the basic materials company’s stock worth $551,854,000 after acquiring an additional 11,521,597 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Uranium Energy by 9.9% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 26,599,686 shares of the basic materials company’s stock valued at $354,847,000 after acquiring an additional 2,393,683 shares during the last quarter. State Street Corp boosted its holdings in Uranium Energy by 9.5% in the second quarter. State Street Corp now owns 23,046,686 shares of the basic materials company’s stock valued at $156,717,000 after acquiring an additional 2,000,516 shares during the last quarter. Finally, Van ECK Associates Corp increased its position in Uranium Energy by 25.3% during the 4th quarter. Van ECK Associates Corp now owns 19,665,665 shares of the basic materials company’s stock valued at $229,695,000 after purchasing an additional 3,969,046 shares during the period. Institutional investors own 62.28% of the company’s stock.

Uranium Energy Company Profile

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.