H.C. Wainwright analyst Heiko Ihle reiterated a Buy rating on Uranium Energy (UEC – Research Report) today and set a price target of $8.00. The company’s shares closed last Friday at $3.35.
Ihle covers the Basic Materials sector, focusing on stocks such as Avino Silver & Gold, Endeavour Silver, and Victoria Gold. According to TipRanks, Ihle has an average return of -19.6% and a 22.04% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Uranium Energy with a $7.00 average price target.
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The company has a one-year high of $4.65 and a one-year low of $2.30. Currently, Uranium Energy has an average volume of 5.11M.
Based on the recent corporate insider activity of 72 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.
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