H.C. Wainwright analyst Heiko Ihle reiterated a Buy rating on Uranium Energy (UEC) today and set a price target of $3.50. The company’s shares closed yesterday at $1.27.
Ihle observed:
“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 has currently no stars on a ranking scale of 0-5 stars, with an average return of -12.2% and a 20.4% 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 $4.56 million.
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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.
