H.C. Wainwright Reiterates a Buy Rating on Uranium Energy (UEC)


H.C. Wainwright analyst Heiko Ihle reiterated a Buy rating on Uranium Energy (NYSE: UEC) today and set a price target of $3.60. The company’s shares closed yesterday at $1.72.

Ihle said:

“We maintain our Buy rating and $3.60 per share price target. Our valuation is based on a DCF of future operations using an 8.0% discount rate. We add in-situ value for the firm’s resources, $25.0M for exploration-stage assets, and value for the Reno Creek acquisitions.”

According to TipRanks.com, Ihle is a 2-star analyst with an average return of 1.2% and a 32.5% success rate. Ihle covers the Basic Materials sector, focusing on stocks such as Solitario Exploration & Royalty, Americas Silver Corporation, and Golden Star Resources Ltd.

Currently, the analyst consensus on Uranium Energy is a Moderate Buy with an average price target of $3.50.

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Based on Uranium Energy’s latest earnings release for the quarter ending April 30, the company reported a quarterly GAAP net loss of $4.15 million. In comparison, last year the company had a GAAP net loss of $5.59 million.

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Uranium Energy Corp. is engaged in uranium mining and exploration. 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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