Short Term Rating on Uranium Energy (UEC)

Uranium Energy (UEC) has an average broker rating of 1, which is interpreted as a Strong Buy, as rated by 5 equity analysts. Nonetheless, 5 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold.

Uranium Energy (UEC) : 4 Wall Street analysts covering Uranium Energy (UEC) believe that the average level the stock could reach for the short term is $2.98. The maximum price target given is $4 and the minimum target for short term is around $2, hence the standard deviation is calculated at $1.01.

For the current week, the company shares have a recommendation consensus of Buy.


Uranium Energy (NYSEMKT:UEC): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $0.93 and $0.92 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $0.98. The buying momentum continued till the end and the stock did not give up its gains. It closed at $0.98, notching a gain of 5.93% for the day. The total traded volume was 1,202,031 . The stock had closed at $0.92 on the previous day.

Uranium Energy Corp., formerly Carlin Gold Inc., is engaged in uranium mining and related activities, including exploration, pre-extraction, extraction and processing of uranium concentrates, on projects located in the United States and Paraguay. The Company utilizes in-situ recovery (ISR) mining. The Company has uranium mine located in the state of Texas, the Palangana Mine, which utilizes ISR mining and extracts uranium oxide (U3O8). The Company has uranium processing facility or mill located in the state of Texas, the Hobson Processing Facility, which processes material from the Palangana Mine into drums of U3O8. The Companys projects include Burke Hollow Project, Goliad Project, Longhorn Project, Salvo Project, Nichols Project, Anderson Project, Workman Creek Project, Los Cuatros Project, Slick Rock Project, Yuty Project and Coronel Oviedo Project.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *