H.C. Wainwright analyst Heiko Ihle reiterated a Buy rating on Uranium Energy (UEC) today and set a price target of $3.30. The company’s shares closed last Wednesday at $1.94, close to its 52-week high of $2.02.
According to TipRanks.com, Ihle is a top 25 analyst with an average return of 46.5% and a 71.5% success rate. Ihle covers the Basic Materials sector, focusing on stocks such as Solitario Exploration & Royalty, Northern Dynasty Minerals, and First Majestic Silver.
Uranium Energy has an analyst consensus of Moderate Buy, with a price target consensus of $2.40.
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The company has a one-year high of $2.02 and a one-year low of $0.35. Currently, Uranium Energy has an average volume of 2.28M.
Based on the recent corporate insider activity of 58 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of UEC in relation to earlier this year.
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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.
