Uranium Energy Corp. (NYSEAMERICAN:UEC) Given Average Rating of “Buy” by Brokerages

Uranium Energy Corp. (NYSEAMERICAN:UEC) has received an average rating of “Buy” from the five research firms that are covering the stock, MarketBeat.com reports. Five analysts have rated the stock with a buy rating. The average 1-year price objective among brokerages that have covered the stock in the last year is $8.90.

Separately, HC Wainwright reaffirmed a “buy” rating and set a $10.25 price target on shares of Uranium Energy in a research report on Tuesday, June 11th.

Institutional Investors Weigh In On Uranium Energy

Several institutional investors and hedge funds have recently bought and sold shares of UEC. Norges Bank acquired a new stake in Uranium Energy during the fourth quarter worth about $96,000,000. MMCAP International Inc. SPC increased its stake in shares of Uranium Energy by 59.4% in the third quarter. MMCAP International Inc. SPC now owns 21,427,711 shares of the basic materials company’s stock valued at $110,353,000 after purchasing an additional 7,987,736 shares during the period. FMR LLC increased its stake in shares of Uranium Energy by 5,187.7% in the third quarter. FMR LLC now owns 7,261,126 shares of the basic materials company’s stock valued at $37,395,000 after purchasing an additional 7,123,805 shares during the period. Alps Advisors Inc. increased its stake in shares of Uranium Energy by 16.8% in the third quarter. Alps Advisors Inc. now owns 14,889,161 shares of the basic materials company’s stock valued at $76,679,000 after purchasing an additional 2,142,316 shares during the period. Finally, Fourth Sail Capital LP acquired a new stake in shares of Uranium Energy in the first quarter valued at approximately $12,695,000. Institutional investors and hedge funds own 62.28% of the company’s stock.

Uranium Energy Trading Up 0.5 %

NYSEAMERICAN:UEC opened at $6.07 on Tuesday. Uranium Energy has a 1-year low of $2.87 and a 1-year high of $8.34. The firm has a 50-day moving average price of $6.66. The stock has a market cap of $2.48 billion, a PE ratio of -202.33 and a beta of 1.84.

Uranium Energy (NYSEAMERICAN:UEC) last issued its quarterly earnings results on Friday, June 7th. The basic materials company reported ($0.05) EPS for the quarter, missing the consensus estimate of $0.01 by ($0.06). Uranium Energy had a negative return on equity of 3.05% and a negative net margin of 8.20%. On average, analysts predict that Uranium Energy will post 0.03 earnings per share for the current year.

About Uranium Energy

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.