Streetbeat News

UEC

Uranium Energy Corp.

https://www.uraniumenergy.com

Industry

Uranium

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; Slick Rock project in Colorado; Reno Creek project in Wyoming; Diabase project located in Canada; and Yuty, Oviedo, and Alto Paraná titanium projects in Paraguay. The company was formerly known as Carlin Gold Inc. and changed its name to Uranium Energy Corp. in January 2005. Uranium Energy Corp. was incorporated in 2003 and is based in Corpus Christi, Texas.

Open

5.24

Mkt cap

2.2B

Volume

7.9M

High

5.28

P/E Ratio

-33.87

52-wk high

8.93

Low

5.07

Div yield

N/A

52-wk low

4.06

Shares of uranium stocks, including CCJ, DNN, UEC, and UUUU, are trading higher following the US Senate's approval of a bill to ban Russian uranium imports. This legislative move is expected to reduce competition from Russian uranium, potentially increasing demand for uranium mined by these companies.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 10:21 am

Shares of uranium stocks, including UEC, URG, and UUUU, are trading lower following Cameco's report of disappointing Q1 financial results.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 5:00 pm

Jim Cramer shared his views on several stocks on CNBC's 'Mad Money Lightning Round,' recommending against MarineMax due to risk and Peabody Energy because of his stance on coal, while praising Trade Desk and showing interest in Uranium Energy. He was neutral on Geron Corp, citing better biotech options, and found Archer Aviation too speculative. Notable company updates include stock repurchase programs, earnings reports, and executive appointments.

Portfolio Pulse from Avi Kapoor

April 11, 2024 | 12:38 pm

North American uranium miners are experiencing a resurgence due to a push from U.S. politicians to reduce dependency on Russian uranium and the nuclear industry's revival for decarbonizing electricity. Uranium prices remain high despite a recent pullback, nearly tripling over the past three years. Companies like Energy Fuels Inc., Denison Mines Corp., Uranium Energy Corp., Ur-Energy Inc., IsoEnergy Ltd., and Global Atomic Corp. are increasing production capacity. Global Atomic is advancing its Dasa project in Niger, expected to be a profitable venture for over 40 years. Energy Fuels is diversifying into vanadium and rare earths, while Uranium Energy plans to restart Wyoming production by August. enCore Energy Corp. has announced its first shipment from the Rosita plant in South Texas and is working on restarting its Alta Mesa plant.

Portfolio Pulse from Matt Whittaker

April 10, 2024 | 4:24 pm

Uranium stocks are experiencing an uptick following news that US oil companies are considering the use of small nuclear reactors for powering drilling operations in the Permian Basin. This development could signal a new demand avenue for uranium, potentially boosting the sector.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 4:20 pm

U.S. oil companies, including Diamondback Energy Inc., are exploring the use of small nuclear reactors to power operations in Texas's Permian Basin. This initiative, led by a nonbinding letter of intent with Oklo Inc., aims to reduce carbon emissions and ensure reliable electricity. Oklo's advanced fission reactor technology is also being discussed with other oil firms.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 3:30 pm

Ur-Energy Inc. (NYSE:URG) announced plans to develop its Shirley Basin mine in Wyoming, aiming to nearly double its mine production capacity to 2.2 million pounds of uranium. The decision is driven by a growing uranium sales contract book, strong market prices, and anticipated demand for clean nuclear power. The project, with initial capital costs of $24.4 million and operating expenses of $24.40 per pound, is expected to offer substantial margins given the current uranium price of around $90 a pound. The development comes amid a surge in uranium prices, driven by expectations of a global nuclear power renaissance and potential market disruptions. Other companies like Cameco Corp (NYSE:CCJ), Energy Fuels Inc (NYSE:UUUU), Denison Mines Corp. (NYSE:DNN), Uranium Energy Corp. (NYSE:UEC), and IsoEnergy Ltd (OTC:ISENF) are also expanding their uranium production capacities.

Portfolio Pulse from Matt Whittaker

March 13, 2024 | 10:56 pm

HC Wainwright & Co. analyst Heiko Ihle maintains a Buy rating on Uranium Energy (AMEX:UEC) and raises the price target from $9.75 to $10.25.

Portfolio Pulse from Benzinga Newsdesk

March 12, 2024 | 10:40 am

Uranium Energy (AMEX:UEC) reported a significant decrease in both earnings and sales for Q2, with earnings per share dropping from $0.03 to $0.01 YoY and sales plummeting from $47.93M to $116.00K YoY.

Portfolio Pulse from Benzinga Newsdesk

March 11, 2024 | 10:46 am

The International Atomic Energy Agency (IAEA) has released two quarterly reports to member states, revealing that Iran's stock of enriched uranium has increased to 5,525.5 kg. However, the stock of uranium enriched to up to 60% purity in Uranium Hexafluoride (UG6) form has decreased to 121.5 kg. The IAEA notes that approximately 42 kg of uranium enriched to 60% could theoretically be enough to produce a nuclear bomb.

Portfolio Pulse from Benzinga Newsdesk

February 26, 2024 | 4:20 pm

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