Uranium Energy (UEC) Gets a Buy Rating from H.C. Wainwright


H.C. Wainwright analyst Heiko Ihle reiterated a Buy rating on Uranium Energy (NYSE: UEC) today and set a price target of $3.40. The company’s shares closed yesterday at $1.48.

Ihle noted:

“We maintain our Buy rating while lowering our per share price target to $3.40 from $3.60. We note that our lowered price target is solely due to a higher share count following the firm’s recent capital raise that was executed below our NAV. Our valuation is based on a DCF of future operations using an 8.0% discount rate.”

According to TipRanks.com, Ihle is currently ranked with no stars on a 0-5 star ranking scale, with an average return of -2.1% and a 35.2% success rate. Ihle covers the Basic Materials sector, focusing on stocks such as Solitario Exploration & Royalty, Americas Silver Corporation, and Golden Star Resources Ltd.

Uranium Energy has an analyst consensus of Moderate Buy, with a price target consensus of $3.40.

See today’s analyst top recommended stocks >>

The company has a one-year high of $2 and a one-year low of $0.96. Currently, Uranium Energy has an average volume of 1.24M.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.

Stay Ahead of Everyone Else

Get The Latest Stock News Alerts