FY2024 Earnings Forecast for Uranium Energy Corp. (NYSEAMERICAN:UEC) Issued By Roth Capital

Uranium Energy Corp. (NYSEAMERICAN:UEC) – Analysts at Roth Capital cut their FY2024 earnings per share (EPS) estimates for shares of Uranium Energy in a research note issued on Wednesday, June 12th. Roth Capital analyst J. Reagor now expects that the basic materials company will post earnings of $0.00 per share for the year, down from their prior forecast of $0.05. The consensus estimate for Uranium Energy’s current full-year earnings is $0.03 per share. Roth Capital also issued estimates for Uranium Energy’s Q4 2024 earnings at $0.04 EPS, Q1 2025 earnings at $0.00 EPS, Q2 2025 earnings at $0.00 EPS, Q3 2025 earnings at $0.00 EPS, Q4 2025 earnings at $0.00 EPS and FY2025 earnings at $0.01 EPS.

Separately, HC Wainwright reaffirmed a “buy” rating and issued a $10.25 target price on shares of Uranium Energy in a research note on Tuesday. One analyst has rated the stock with a sell rating and five have given a buy rating to the stock. According to MarketBeat.com, Uranium Energy currently has a consensus rating of “Moderate Buy” and a consensus price target of $8.90.

Uranium Energy Price Performance

NYSEAMERICAN UEC opened at $6.04 on Thursday. The stock’s 50 day simple moving average is $6.66. Uranium Energy has a 12-month low of $2.87 and a 12-month high of $8.34. The firm has a market cap of $2.47 billion, a PE ratio of -195.33 and a beta of 1.84.

Uranium Energy (NYSEAMERICAN:UEC) last posted its quarterly earnings data on Friday, June 7th. The basic materials company reported ($0.05) EPS for the quarter, missing the consensus estimate of $0.01 by ($0.06). Uranium Energy had a negative net margin of 8.20% and a negative return on equity of 3.05%.

Institutional Investors Weigh In On Uranium Energy

A number of hedge funds have recently made changes to their positions in UEC. CWM LLC grew its position in Uranium Energy by 22.2% in the fourth quarter. CWM LLC now owns 9,784 shares of the basic materials company’s stock worth $63,000 after buying an additional 1,776 shares during the last quarter. American International Group Inc. grew its position in Uranium Energy by 1.0% during the 1st quarter. American International Group Inc. now owns 189,900 shares of the basic materials company’s stock worth $1,282,000 after purchasing an additional 1,844 shares in the last quarter. Parallel Advisors LLC grew its position in Uranium Energy by 39.7% during the 4th quarter. Parallel Advisors LLC now owns 10,293 shares of the basic materials company’s stock worth $66,000 after purchasing an additional 2,923 shares in the last quarter. EntryPoint Capital LLC grew its position in Uranium Energy by 897.7% during the 1st quarter. EntryPoint Capital LLC now owns 4,340 shares of the basic materials company’s stock worth $29,000 after purchasing an additional 3,905 shares in the last quarter. Finally, Farmers & Merchants Trust Co of Chambersburg PA purchased a new position in Uranium Energy during the 4th quarter worth approximately $27,000. Institutional investors own 62.28% of the company’s stock.

About Uranium Energy

Uranium Energy Corp., together with its subsidiaries, engages in exploration, pre-extraction, extraction, and processing uranium and titanium concentrates in the United States, Canada, and Paraguay. It owns interests in the Palangana mine, Goliad, Burke Hollow, Longhorn, and Salvo projects located in Texas; Anderson, Workman Creek, and Los Cuatros projects situated in Arizona; Dalton Pass and C de Baca project located in New Mexico; Roughrider, Shea Creek, Christie Lake, Horseshoe-Raven, Hidden Bay, Diabase, West Bear, JCU, and other project located in Canada; and Yuty, Oviedo, and Alto Paraná titanium projects in Paraguay.