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Uranium Energy (UEC) Stock Sinks As Market Gains: Here's Why
ZACKS· 2024-11-09 00:00
The most recent trading session ended with Uranium Energy (UEC) standing at $7.93, reflecting a -0.63% shift from the previouse trading day's closing. The stock's performance was behind the S&P 500's daily gain of 0.38%. At the same time, the Dow added 0.59%, and the tech-heavy Nasdaq gained 0.09%.Prior to today's trading, shares of the uranium mining and exploration company had gained 16.16% over the past month. This has outpaced the Basic Materials sector's loss of 0.49% and the S&P 500's gain of 4.9% in ...
Uranium Energy Corp Completes Initial Economic Assessment for the World Class Roughrider Project
Prnewswire· 2024-11-08 11:00
NYSE American: UEC$946 Million Post-Tax NPVStrong Internal Rate of Return (IRR) of 40%, with 1.4 Year PaybackAll-in-Sustaining Costs (AISC) of $20.48 per PoundAverage Life of Mine Production of 6.8 Million Pounds per YearSituated in the Infrastructure Rich Eastern Athabasca Basin, Saskatchewan, CanadaCORPUS CHRISTI, Texas, Nov. 8, 2024 /PRNewswire/ - Uranium Energy Corp (NYSE American: UEC) the "Company" or "UEC") is pleased to report the filing of an initial assessment technical report summary that include ...
Uranium Energy (UEC) Stock Dips While Market Gains: Key Facts
ZACKS· 2024-10-29 23:20
In the latest market close, Uranium Energy (UEC) reached $7.99, with a -0.5% movement compared to the previous day. The stock trailed the S&P 500, which registered a daily gain of 0.16%. Elsewhere, the Dow saw a downswing of 0.37%, while the tech-heavy Nasdaq appreciated by 0.78%. Shares of the uranium mining and exploration company have appreciated by 29.31% over the course of the past month, outperforming the Basic Materials sector's loss of 5.21% and the S&P 500's gain of 1.67%. Analysts and investors al ...
Uranium Energy (UEC) Registers a Bigger Fall Than the Market: Important Facts to Note
ZACKS· 2024-10-21 23:20
Uranium Energy (UEC) closed at $8.43 in the latest trading session, marking a -0.35% move from the prior day. The stock fell short of the S&P 500, which registered a loss of 0.18% for the day. Elsewhere, the Dow saw a downswing of 0.8%, while the tech-heavy Nasdaq appreciated by 0.27%.The uranium mining and exploration company's shares have seen an increase of 52.71% over the last month, surpassing the Basic Materials sector's gain of 8.45% and the S&P 500's gain of 4.46%.The upcoming earnings release of Ur ...
Here's Why Uranium Energy Corp Stock Soared This Week
The Motley Fool· 2024-10-19 21:50
The market and tech giants are warming to the potential for nuclear energy to meet power needs. Shares in Uranium Energy (UEC 1.32%) rose by a whopping 17.8% in the week up to Friday morning. The move comes in a positive week of newsflow for the nuclear industry, which is good news for a pure-play nuclear stock like Uranium Energy. Google signs up for nuclear power Alphabet's Google became the latest technology behemoth to sign up. The cloud services company signed a power purchase agreement (PPA) for elect ...
Uranium Energy Corp Increases Licensed Production Capacity to 4 Million Pounds of U3O8 per year at the Irigaray Processing Plant
Prnewswire· 2024-10-17 10:45
NYSE American: UEC UEC will have a U.S. industry-leading, three hub-and-spoke production platforms in Wyoming and Texas 12.1 million pounds of U3O8 per year of combined U.S. licensed production capacity, upon closing the previously announced acquisition of Rio Tinto's Wyoming Assets CASPER, Wyo., Oct. 17, 2024 /PRNewswire/ - Uranium Energy Corp (NYSE American: UEC) (the "Company" or "UEC") is pleased to announce that it has received approval from the Wyoming Department of Environmental Quality, Uranium Reco ...
Uranium Energy (UEC) - 2024 Q4 - Annual Report
2024-09-27 00:36
Financial Performance - As of July 31, 2024, the company reported an accumulated deficit of $318.9 million and significant negative cash flow, with revenues from uranium sales totaling $164.4 million during Fiscal 2023[102]. - The company has not achieved consistent profitability or positive cash flow from operations and does not expect to do so in the near term[102]. - Future capital expenditures are expected to be substantial, and the company will continue to rely on equity and debt financing, which may be affected by external market conditions[104]. - The company may face significant dilution to existing shareholders due to future issuances for financings, mergers, and acquisitions[166]. - The market price of the company's common stock has historically fluctuated significantly, influenced by various factors including uranium market volatility and major nuclear incidents[165]. - The company has relied on equity and debt financing as primary sources, and a prolonged decline in stock price could adversely affect operations[166]. Operational Readiness and Risks - The company remains in a state of operational readiness at its ISR Mines, deferring major pre-extraction expenditures in anticipation of a recovery in uranium prices[109]. - The company has recorded a liability of $19.6 million for future reclamation obligations, which may exceed actual costs incurred[120]. - The company has not established proven or probable reserves for any of its uranium projects, which increases the risk associated with its mining activities[114]. - The economic viability of the company's mining activities is subject to various risks, including market price volatility and regulatory changes[105]. - The company is exposed to credit and operational risks associated with uranium storage facilities, which could impact the recovery of its investments[128]. - Compliance costs related to environmental protection laws and regulations are expected to increase as the company expands its operations[135]. Market Conditions - The uranium industry is highly competitive, with larger companies having greater financial and technical resources, making it difficult for the company to acquire additional projects[146]. - The international uranium market is heavily regulated and subject to political changes, which could adversely affect the company's operations and financial condition[129]. - The COVID-19 pandemic impacted approximately 50% of the world's uranium production, leading to significant production cuts in 2020, with ongoing uncertainty regarding the market[140]. - The marketability of uranium concentrates is influenced by macroeconomic factors and regulatory changes, potentially affecting the company's return on invested capital[141]. - The titanium industry is cyclical and volatile, with demand linked to global economic conditions, which may adversely affect the company's financial results[144]. - The company may face challenges in maintaining competitive positioning in the titanium market due to the concentration of production among a few major players[147]. Strategic Commitments - The company has utilized a significant portion of its cash for the acquisition of physical uranium under its Physical Uranium Program, which carries risks related to price fluctuations and potential defaults by suppliers[122]. - The company has entered into commitments to purchase U3O8 as part of its Physical Uranium Program, but future purchases are uncertain[126]. - The company may need to sell a portion or all of its accumulated physical uranium to meet capital requirements if other financing options are unavailable[123]. - As of July 31, 2024, the company has no uranium supply or off-take agreements, making it vulnerable to fluctuations in uranium market prices[642]. Shareholder and Regulatory Considerations - The company is authorized to issue 750,000,000 shares of common stock, with 410,355,768 shares issued and outstanding as of July 31, 2024[167]. - The company is subject to the Continued Listing Criteria of the NYSE American, and failure to meet these criteria may result in delisting[168]. Cybersecurity Measures - The company has developed policies and procedures to mitigate material risks from cybersecurity threats, integrating this into its overall risk management framework[171]. - The Audit Committee monitors cybersecurity risks and evaluates the effectiveness of data and information systems[171]. - The company has engaged third-party IT service providers to adhere to security policies and enhance cybersecurity infrastructure[173]. - The company does not currently identify any major cybersecurity threats that have materially affected its business strategy or financial condition[175]. Currency and Foreign Operations - The company's functional currency is the US dollar, but it conducts transactions in other currencies, including the Canadian dollar and Paraguayan Guarani, without significant material impact on operations[643]. - The company holds mineral rights in Paraguay, which are subject to additional risks related to political and economic factors in foreign jurisdictions[148]. - The company holds two significant uranium projects and one titanium project in Paraguay, facing additional risks due to political and regulatory environments in foreign jurisdictions[644]. Tax and Regulatory Changes - Proposed changes in U.S. tax laws, including the "Build Back Better Act," may adversely impact the company's financial performance and stock value[161]. - The company is exposed to equity price risk, with a potential loss before income taxes of $7,526 for every 10% fluctuation in the price of its equity securities[641].
Uranium Energy (UEC) Suffers a Larger Drop Than the General Market: Key Insights
ZACKS· 2024-09-25 23:20
Stock Performance - Uranium Energy (UEC) closed at $6 43, marking a -0 31% move from the previous day [1] - The stock's performance was behind the S&P 500's daily loss of 0 19%, while the Dow lost 0 7% and the Nasdaq gained 0 04% [1] - Shares of Uranium Energy have appreciated by 21 7% over the past month, outperforming the Basic Materials sector's gain of 3 7% and the S&P 500's gain of 1 95% [1] Earnings and Revenue - The latest consensus estimate predicts Uranium Energy's revenue to be $27 million, indicating a 30 68% decrease compared to the same quarter of the previous year [2] Analyst Estimates and Zacks Rank - Recent changes to analyst estimates for Uranium Energy reflect the latest short-term business trends, with upbeat changes indicating a favorable outlook on the company's business health and profitability [3] - Empirical research shows that revisions in estimates have a direct correlation with impending stock price performance [4] - Uranium Energy currently boasts a Zacks Rank of 5 (Strong Sell), with the Zacks Rank system ranging from 1 (Strong Buy) to 5 (Strong Sell) [5] Valuation and Industry Rank - Uranium Energy is currently being traded at a Forward P/E ratio of 71 67, signifying a premium compared to the industry average Forward P/E of 16 32 [6] - The Mining - Miscellaneous industry, part of the Basic Materials sector, has a Zacks Industry Rank of 163, placing it in the bottom 36% of all 250+ industries [6] - The Zacks Industry Rank measures the strength of individual industry groups, with the top 50% rated industries outperforming the bottom half by a factor of 2 to 1 [7]
Uranium Energy Inks Deal to Buy Rio Tinto's Wyoming Uranium Assets
ZACKS· 2024-09-25 15:15
Uranium Energy (UEC) has signed an agreement to acquire Rio Tinto's (RIO) Sweetwater Plant and uranium assets in Wyoming. This move will enable Uranium Energy to increase its production capacity. Details of Uranium Energy's Uranium Assets Acquisition UEC will pay $175 million for Rio Tinto's Wyoming assets, which include the totally owned and fully licensed Sweetwater Plant, as well as the Red Desert and Green Mountain uranium mining projects. Upon completion, Uranium Energy will renew approximately $25 mil ...
Why Uranium Energy Stock Rocketed 12% Higher on Monday
The Motley Fool· 2024-09-23 23:04
The company touted the synergistic nature of its latest deal. Bulking up via acquisition is a classic tactic employed by businesses. The latest such move by Uranium Energy (UEC 11.73%) was announced on Monday and met with hearty investor approval gauging by the stock's more than 10% price pop on the day. That rise was far higher than that of the bellwether S&P 500 index, which increased by a far more modest 0.3%. A $175 million deal Wyoming-based Uranium Energy announced that it reached agreement on the pur ...