Analysts Split on Uranium Energy's Future as H.C. Wainwright Raises Price Target
Uranium Energy Corporation (UEC) has seen a shift in analysts' views, with H.C. Wainwright raising its price target to $19.75, citing impressive project development and geopolitical changes. Meanwhile, BMO Capital has a contrasting view, suggesting investors seek better bargains elsewhere.
H.C. Wainwright's optimism is based on Uranium Energy's progress in developing its projects and the potential benefits from shifts in global uranium supply chains. However, the analyst did not provide a specific timeline for when the company might start turning a profit.
In contrast, BMO Capital has valued Uranium Energy at $14, just above its current share price of around $13. The analyst downgraded UEC stock to 'market perform', causing it to slip by 2%.
Despite not earning a profit in its over 20-year history and posting a $0.20-per-share loss in fiscal 2025, analysts predict Uranium Energy to become profitable in 2027, with earnings of $0.26 per share by 2029. Currently, UEC stock is trading at approximately 50 times its expected future earnings.
Uranium Energy Corporation faces mixed analyst opinions, with H.C. Wainwright seeing potential in the company's project development and geopolitical advantages, while BMO Capital suggests investors look for better bargains. Despite its history of losses, analysts predict profitability for Uranium Energy in the coming years.
