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.
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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.
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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.