Uranium Energy Corp. (NASDAQ:UEC) Given $3.27 Consensus Target Price by Brokerages

Uranium Energy Corp. (NASDAQ:UEC) has received an average broker rating score of 1.00 (Strong Buy) from the three brokers that provide coverage for the company, Zacks Investment Research reports. Three equities research analysts have rated the stock with a strong buy recommendation.

Brokers have set a 12 month consensus price target of $3.27 for the company, according to Zacks. Zacks has also assigned Uranium Energy an industry rank of 77 out of 256 based on the ratings given to its competitors.

Separately, BidaskClub upgraded shares of ZIX from a “buy” rating to a “strong-buy” rating in a report on Friday, May 3rd.

Shares of NASDAQ:UEC traded down $0.03 during trading on Thursday, hitting $1.11. 2,643,328 shares of the company were exchanged, compared to its average volume of 1,287,389. The stock has a 50 day simple moving average of $1.31. Uranium Energy has a 1-year low of $0.91 and a 1-year high of $1.89.

Uranium Energy (NASDAQ:UEC) last announced its quarterly earnings results on Monday, June 10th. The company reported ($0.03) earnings per share (EPS) for the quarter.

About Uranium Energy

Uranium Energy Corp. operates as a uranium mining and exploration company. Its projects in South Texas include the Palangana ISR mine, the permitted Goliad ISR project, and the development-stage Burke Hollow ISR project; and project in Wyoming comprise the permitted Reno Creek ISR project. The company also controls a pipeline of advanced-stage uranium projects in Arizona, Colorado, New Mexico, and Paraguay, as well as a high-grade titanium project in Paraguay.

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