Fintel reviews that on May 23, 2023, HC Wainwright & Co. maintained protection of Uranium Energy (AMEX:UEC) with a Buy advice.
Analyst Price Forecast Suggests 151.16% Upside
As of May 11, 2023, the common one-year value goal for Uranium Energy is 7.01. The forecasts vary from a low of 6.06 to a excessive of $8.66. The common value goal represents a rise of 151.16% from its newest reported closing value of two.79.
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The projected annual income for Uranium Energy is 27MM, a lower of 76.44%. The projected annual non-GAAP EPS is -0.04.
What is the Fund Sentiment?
There are 363 funds or establishments reporting positions in Uranium Energy. This is a rise of 31 proprietor(s) or 9.34% within the final quarter. Average portfolio weight of all funds devoted to UEC is 0.16%, a lower of 6.26%. Total shares owned by establishments elevated within the final three months by 9.14% to 203,804K shares. 
The put/name ratio of UEC is 0.32, indicating a bullish outlook.
What are Other Shareholders Doing?
XME – SPDR(R) S&P(R) Metals & Mining ETF holds 25,262K shares representing 6.73% possession of the corporate. In it is prior submitting, the agency reported proudly owning 15,395K shares, representing a rise of 39.06%. The agency elevated its portfolio allocation in UEC by 47.12% during the last quarter.
Mirae Asset Global Investments Co. holds 17,946K shares representing 4.78% possession of the corporate. In it is prior submitting, the agency reported proudly owning 17,301K shares, representing a rise of three.59%. The agency decreased its portfolio allocation in UEC by 70.50% during the last quarter.
URA – Global X Uranium ETF holds 17,276K shares representing 4.60% possession of the corporate. In it is prior submitting, the agency reported proudly owning 17,571K shares, representing a lower of 1.70%. The agency decreased its portfolio allocation in UEC by 15.28% during the last quarter.
MMCAP International Inc. SPC holds 16,261K shares representing 4.33% possession of the corporate. In it is prior submitting, the agency reported proudly owning 13,079K shares, representing a rise of 19.57%. The agency elevated its portfolio allocation in UEC by 78.39% during the last quarter.
Alps Advisors holds 12,173K shares representing 3.24% possession of the corporate. In it is prior submitting, the agency reported proudly owning 11,410K shares, representing a rise of 6.27%. The agency decreased its portfolio allocation in UEC by 22.20% during the last quarter.
Uranium Energy Background Information
(This description is offered by the corporate.)
Uranium Energy Corp is a U.S.-based uranium mining and exploration firm. In South Texas, the Company’s hub-and-spoke operations are anchored by the fully-licensed Hobson Processing Facility which is central to the Palangana, Burke Hollow and Goliad ISR initiatives. In Wyoming, UEC controls the Reno Creek challenge, which is the most important permitted, pre-construction ISR uranium challenge within the U.S. Additionally, the Company controls a pipeline of uranium initiatives in Arizona, New Mexico and Paraguay, a uranium/vanadium challenge in Colorado and a big, high-grade ferro-titanium challenge in Paraguay. The Company’s operations are managed by professionals with a acknowledged profile for excellence of their business, a profile based mostly on many a long time of hands-on expertise in the important thing aspects of uranium exploration, improvement and mining.
Key filings for this firm:
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