Uranium Energy (NYSEAMERICAN:UEC) Receives Buy Rating from HC Wainwright

HC Wainwright reaffirmed their buy rating on shares of Uranium Energy (NYSEAMERICAN:UECGet Rating) in a report published on Tuesday, Benzinga reports. HC Wainwright currently has a $8.25 price target on the basic materials company’s stock.

Separately, Canaccord Genuity Group increased their target price on shares of Uranium Energy from $6.00 to $6.50 and gave the stock a buy rating in a research note on Thursday, October 13th.

Uranium Energy Stock Performance

Shares of UEC opened at $3.89 on Tuesday. The stock has a market cap of $1.44 billion, a price-to-earnings ratio of 194.60 and a beta of 2.01. Uranium Energy has a fifty-two week low of $2.34 and a fifty-two week high of $6.60.

Uranium Energy (NYSEAMERICAN:UECGet Rating) last announced its quarterly earnings results on Monday, December 19th. The basic materials company reported ($0.01) earnings per share for the quarter, topping the consensus estimate of ($0.02) by $0.01. The company had revenue of $57.29 million for the quarter. Uranium Energy had a return on equity of 0.95% and a net margin of 4.44%. On average, analysts expect that Uranium Energy will post -0.04 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of UEC. Xponance Inc. lifted its stake in Uranium Energy by 20.8% in the 2nd quarter. Xponance Inc. now owns 15,171 shares of the basic materials company’s stock worth $47,000 after purchasing an additional 2,610 shares in the last quarter. Creative Planning lifted its stake in Uranium Energy by 10.2% in the 2nd quarter. Creative Planning now owns 29,288 shares of the basic materials company’s stock worth $90,000 after purchasing an additional 2,701 shares in the last quarter. Eqis Capital Management Inc. lifted its stake in Uranium Energy by 9.4% in the 3rd quarter. Eqis Capital Management Inc. now owns 31,740 shares of the basic materials company’s stock worth $111,000 after purchasing an additional 2,718 shares in the last quarter. KBC Group NV lifted its stake in Uranium Energy by 37.0% in the 3rd quarter. KBC Group NV now owns 10,978 shares of the basic materials company’s stock worth $38,000 after purchasing an additional 2,967 shares in the last quarter. Finally, Prudential Financial Inc. lifted its stake in Uranium Energy by 15.8% in the 3rd quarter. Prudential Financial Inc. now owns 22,270 shares of the basic materials company’s stock worth $78,000 after purchasing an additional 3,045 shares in the last quarter. 40.37% of the stock is owned by hedge funds and other institutional investors.

About Uranium Energy

(Get Rating)

Uranium Energy Corp. engages in the provision of uranium mining and related activities. It includes the exploration, pre-extraction, extraction, and processing of uranium and titanium concentrates. It operates through the following geographical segments: United States, Canada, and Paraguay. The company was founded by Alan P.

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