In a report released today, Heiko Ihle from H.C. Wainwright reiterated a Buy rating on Uranium Energy (UEC), with a price target of $3.40. The company’s shares closed last Monday at $1.04.
According to TipRanks.com, Ihle has currently no stars on a ranking scale of 0-5 stars, with an average return of -4.8% and a 33.6% success rate. Ihle covers the Basic Materials sector, focusing on stocks such as Solitario Exploration & Royalty, Americas Silver Corporation, and Northern Dynasty Minerals.
Currently, the analyst consensus on Uranium Energy is a Moderate Buy with an average price target of $3.40.
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Based on Uranium Energy’s latest earnings release for the quarter ending July 31, the company reported a quarterly GAAP net loss of $6.33 million. In comparison, last year the company had a GAAP net loss of $4.77 million.
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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.
