Core Viewpoint - Uranium Energy Corp. (UEC) is preparing for increased nuclear power demand, projected to reach 130,000 tonnes per year by 2040, while facing challenges such as significant equity dilution and a downward trend in share prices correlated with spot uranium prices [1][11]. Company Operations - UEC is building uranium inventories for opportunistic sales, holding 1.166 million pounds of uranium concentrate as of Q3 '24, a significant increase from 171,000 pounds in Q3 '23 [2]. - The company purchased $63 million worth of uranium inventories in Q3 '24 but generated only $178,000 in uranium production value, consistent with previous year levels [2]. - UEC remains in the exploration stage for its mining projects and has not established proven or probable reserves, leading to larger losses on the income statement [3]. Financial Performance - UEC did not generate revenue in Q3 '24, reporting only $224,000 year-to-date from toll processing services [3]. - The company has raised $155 million year-to-date through share sales, resulting in significant dilution of shares [7]. Contracts and Pricing - UEC has a contract with the Department of Energy to supply 300,000 pounds of uranium at a 20% premium over spot prices, which currently results in a discount compared to the current spot price of $79 per pound [4]. - The expected spot uranium price is projected to trend towards $73 per pound by the end of CY24, influenced by trader activities rather than utilities [5]. Market Dynamics - Uranium demand is expected to rise from 65,650 tonnes per year to 130,000 tonnes by 2040, driven by small modular reactors (SMRs) and interest from hyperscalers like Amazon, Alphabet, and Microsoft in utilizing nuclear energy for AI factories [5]. - UEC's mineral rights and properties are valued at $558 million, with significant resources identified in various projects, including 79.2 million pounds in Wyoming and Texas, and 109.9 million pounds in Canadian assets [5]. Valuation - UEC trades at a price-to-book value of 3x, significantly lower than its peer Energy Fuels, which trades at 5.68x, indicating a discount despite UEC's exploration stage [8]. - The company is considered overvalued based on cash generation forecasts, with a target share price of $3.85 at 9.59x eFY25 EV/EBITDA [11].

In the latest market close, Uranium Energy (UEC) reached $4.79, with a +1.48% movement compared to the previous day. This move outpaced the S&P 500's daily loss of 0.16%. Meanwhile, the Dow experienced a rise of 0.09%, and the technology-dominated Nasdaq saw a decrease of 0.3%. The the stock of uranium mining and exploration company has risen by 6.55% in the past month, leading the Basic Materials sector's gain of 0.19% and the S&P 500's gain of 3.64%. Analysts and investors alike will be keeping a close ey ...

NYSE American: UEC CORPUS CHRISTI, Texas, Sept. 3, 2024 /PRNewswire/ - Uranium Energy Corp (NYSE American: UEC) the "Company" or "UEC") is pleased to announce that it has received a Sustainalytics Rating of 23.8, which places the Company as the leading uranium mining company and in the top 5th percentile of the Diversified Metals and Mining Subindustry as rated by Morningstar Sustainalytics (as at September 2, 2024). Amir Adnani, President and CEO stated: "As the fastest growing North American focused urani ...

In the latest trading session, Uranium Energy (UEC) closed at $5.30, marking a -1.3% move from the previous day. This change lagged the S&P 500's 0.32% loss on the day. Meanwhile, the Dow experienced a rise of 0.16%, and the technology-dominated Nasdaq saw a decrease of 0.85%. Coming into today, shares of the uranium mining and exploration company had lost 6.28% in the past month. In that same time, the Basic Materials sector gained 0.95%, while the S&P 500 gained 1.52%. Investors will be eagerly watching f ...

Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sellside) analysts often affect a stock's price, do they really matter? Are you wondering why? The vested interest of brokerage firms in a stock they cover often results in a strong positive bias of their analysts in rating it. Our research shows that for every "Strong Sell" recommendation, brokerage firm ...

LOS ANGELES, June 24, 2024 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises Uranium Energy Corp. ("UEC" or the "Company") (NYSE: UEC) investors that the firm has initiated an investigation into possible securities fraud and may file a class action on behalf of investors. UEC investors that lost money on their investment are encouraged to contact Lesley Portnoy, Esq. On June 10, 2024, UEC filed its quarterly report for the quarter ended April 30, 2024 with the U.S. Securities and Exchange Commission. Among o ...

Uranium Energy has a valuable stockpile of uranium to sell, but it still doesn't have an operating uranium mine. Management at Uranium Energy (UEC 1.85%) chose to buy uranium at a time when uranium prices were near historic lows, which was a very difficult moment to make such a decision, and it built up a nice stockpile. The company deserves credit for that, because it is now reaping the benefits by selling uranium while ore used to make nuclear fuel has increased in value. The stockpile of ore is one of th ...

[Click here for information about joining the class action] CONTACT: Danielle Peyton Pomerantz LLP dpeyton@pomlaw.com 646-581-9980 ext. 7980 On this news, UEC's stock price fell $0.49 per share, or 8.09%, to close at $5.57 per share on June 11, 2024. The investigation concerns whether UEC and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledge ...

CORPUS CHRISTI, Texas, June 13, 2024 /PRNewswire/ - Uranium Energy Corp (NYSE American: UEC) "UEC" or the "Company") is pleased to announce that it has filed a TRS on EDGAR disclosing updated mineral resources for the Company's Texas Hub and Spoke ISR platform (the "Platform") with an increase in resources at the Burke Hollow Project (the "Project"). Figure 1-1 Texas Hub and Spoke Project Area Location Map Texas S-K 1300 Technical Report Karnes, Duval, Bee, and Goliad Counties, Texas (CNW Group/Uranium Ener ...

Uranium Energy (UEC) reported third-quarter fiscal 2024 adjusted loss per share of 5 cents, which missed the Zacks Consensus Estimate of earnings of 1 cent per share. The company had reported a loss of 2 cents per share in the year-ago quarter. In the third quarter of fiscal 2023, the company had reported total revenues of $20.2 million, which included $20.1 million generated from sales of purchased uranium inventory while revenues from toll processing services were $0.1 million. Mineral property expenditur ...