H.C. Wainwright Keeps Their Buy Rating on Uranium Energy (UEC)


In a report released today, Heiko Ihle from H.C. Wainwright reiterated a Buy rating on Uranium Energy (UEC), with a price target of $3.50. The company’s shares closed yesterday at $1.39.

Ihle commented:

“We maintain our Buy rating and $3.50 per share PT. Our valuation is based on a DCF of future operations using an 8% discount rate. We add in-situ value for the firm’s resources, $25 million for exploration stage assets, and fair market value for the Reno Creek acquisitions.”

According to TipRanks.com, Ihle is currently ranked with no stars on a 0-5 star ranking scale, with an average return of -2.9% and a 41.7% success rate. Ihle covers the Basic Materials sector, focusing on stocks such as Solitario Exploration & Royalty, Golden Star Resources Ltd, and Northern Dynasty Minerals.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Uranium Energy with a $3.50 average price target.

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Based on Uranium Energy’s latest earnings release for the quarter ending October 31, the company reported a quarterly GAAP net loss of $3.45 million. In comparison, last year the company had a GAAP net loss of $4.35 million.

Based on the recent corporate insider activity of 68 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of UEC in relation to earlier this year.

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Uranium Energy Corp. is engages in mining and exploration of uranium. Its activities also include pre-extraction, extraction and processing on uranium projects. The company was founded by Alan P. Lindsay and Amir Adnani on May 16, 2003 and is headquartered in Vancouver, Canada.

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