Uranium Energy (NYSEAMERICAN:UEC) Stock Rating Reaffirmed by HC Wainwright

Uranium Energy (NYSEAMERICAN:UEC – Get Rating)‘s stock had its “buy” rating reiterated by research analysts at HC Wainwright in a research note issued on Tuesday, Benzinga reports. They presently have a $8.25 price target on the basic materials company’s stock. HC Wainwright’s price target indicates a potential upside of 157.01% from the company’s current price.

Uranium Energy Stock Down 2.7 %

Shares of UEC stock opened at $3.21 on Tuesday. Uranium Energy has a 52 week low of $2.92 and a 52 week high of $6.60. The stock has a market cap of $1.19 billion, a P/E ratio of 160.58 and a beta of 2.01.

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

Institutional Investors Weigh In On Uranium Energy

A number of institutional investors have recently modified their holdings of UEC. Eqis Capital Management Inc. increased its position in shares of Uranium Energy by 8.2% in the fourth quarter. Eqis Capital Management Inc. now owns 34,330 shares of the basic materials company’s stock worth $133,000 after purchasing an additional 2,590 shares during the period. Creative Planning increased its holdings in Uranium Energy by 10.2% in the 2nd quarter. Creative Planning now owns 29,288 shares of the basic materials company’s stock valued at $90,000 after buying an additional 2,701 shares during the period. Xponance Inc. increased its holdings in Uranium Energy by 19.3% in the 3rd quarter. Xponance Inc. now owns 18,105 shares of the basic materials company’s stock valued at $63,000 after buying an additional 2,934 shares during the period. KBC Group NV lifted its holdings in shares of Uranium Energy by 37.0% during the 3rd quarter. KBC Group NV now owns 10,978 shares of the basic materials company’s stock worth $38,000 after acquiring an additional 2,967 shares during the period. Finally, Arizona State Retirement System boosted its position in shares of Uranium Energy by 3.3% during the 4th quarter. Arizona State Retirement System now owns 94,474 shares of the basic materials company’s stock worth $367,000 after acquiring an additional 3,043 shares in the last quarter. Institutional investors own 40.37% of the company’s stock.

About Uranium Energy

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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.