Analysts Set Uranium Energy Corp. (NYSEAMERICAN:UEC) Price Target at $8.80

Uranium Energy Corp. (NYSEAMERICAN:UECGet Free Report) has earned a consensus recommendation of “Buy” from the five analysts that are currently covering the stock, MarketBeat reports. Five equities research analysts have rated the stock with a buy recommendation. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $8.80.

A number of research firms have issued reports on UEC. HC Wainwright boosted their price target on Uranium Energy from $8.25 to $9.75 and gave the company a “buy” rating in a research report on Thursday, January 18th. TD Securities boosted their price objective on Uranium Energy from $7.00 to $8.50 and gave the stock a “speculative buy” rating in a research note on Tuesday, December 12th. Finally, Eight Capital boosted their price objective on Uranium Energy from $7.00 to $13.00 and gave the stock a “buy” rating in a research note on Monday, January 15th.

Get Our Latest Research Report on UEC

Insiders Place Their Bets

In related news, Director David Kong sold 26,000 shares of the business’s stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $6.81, for a total value of $177,060.00. Following the transaction, the director now owns 154,085 shares in the company, valued at $1,049,318.85. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, Director Volpe Vincent Della sold 84,000 shares of the business’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $8.17, for a total value of $686,280.00. Following the transaction, the director now owns 186,095 shares in the company, valued at $1,520,396.15. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director David Kong sold 26,000 shares of the business’s stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $6.81, for a total value of $177,060.00. Following the completion of the transaction, the director now owns 154,085 shares in the company, valued at approximately $1,049,318.85. The disclosure for this sale can be found here. 2.90% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Farmers & Merchants Trust Co of Chambersburg PA acquired a new stake in Uranium Energy during the fourth quarter valued at approximately $27,000. Householder Group Estate & Retirement Specialist LLC acquired a new stake in Uranium Energy during the third quarter valued at approximately $26,000. Millburn Ridgefield Corp acquired a new stake in Uranium Energy during the third quarter valued at approximately $27,000. Catalyst Capital Advisors LLC acquired a new stake in Uranium Energy during the third quarter valued at approximately $27,000. Finally, CVA Family Office LLC acquired a new stake in Uranium Energy during the fourth quarter valued at approximately $38,000. Institutional investors and hedge funds own 62.28% of the company’s stock.

Uranium Energy Stock Performance

UEC stock opened at $7.71 on Friday. The firm’s 50-day moving average price is $6.18. Uranium Energy has a 12-month low of $2.30 and a 12-month high of $8.34. The stock has a market capitalization of $3.11 billion, a P/E ratio of -770.50 and a beta of 1.83.

Uranium Energy (NYSEAMERICAN:UECGet Free Report) last posted its quarterly earnings results on Monday, March 11th. The basic materials company reported $0.01 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.01. Uranium Energy had a negative return on equity of 1.11% and a negative net margin of 8.20%. The firm had revenue of $0.12 million during the quarter, compared to the consensus estimate of $16.00 million. Equities analysts predict that Uranium Energy will post 0.08 earnings per share for the current fiscal year.

Uranium Energy Company Profile

(Get Free Report

Uranium Energy Corp., together with its subsidiaries, engages in exploration, pre-extraction, extraction, and processing uranium and titanium concentrates in the United States, Canada, and Paraguay. It owns interests in the Palangana mine, Goliad, Burke Hollow, Longhorn, and Salvo projects located in Texas; Anderson, Workman Creek, and Los Cuatros projects situated in Arizona; Dalton Pass and C de Baca project located in New Mexico; Roughrider, Shea Creek, Christie Lake, Horseshoe-Raven, Hidden Bay, Diabase, West Bear, JCU, and other project located in Canada; and Yuty, Oviedo, and Alto Paraná titanium projects in Paraguay.

Read More

Analyst Recommendations for Uranium Energy (NYSEAMERICAN:UEC)

Receive News & Ratings for Uranium Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Uranium Energy and related companies with MarketBeat.com's FREE daily email newsletter.