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 $1.23, close to its 52-week low of $1.20.
Ihle commented:
“We maintain our Buy rating and $3.50 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 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 -16.5% and a 16.5% success rate. Ihle covers the Basic Materials sector, focusing on stocks such as Solitario Exploration & Royalty, Americas Silver Corporation, and Golden Star Resources Ltd.
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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The company has a one-year high of $2 and a one-year low of $1.20. Currently, Uranium Energy has an average volume of 1.22M.
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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.
