Uranium Energy (UEC)
:UEC
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Uranium Energy
(UEC)
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Rating:56Neutral
Price Target:
$14.00
▲(4.24% Upside)
Action:ReiteratedDate:04/01/26
Overall score reflects a strong strategic/operational outlook and liquidity position from the latest earnings call, partially offset by weak TTM profitability and cash burn. Technical signals remain cautious and valuation is constrained by ongoing losses.
Positive Factors
Strong liquidity & no debt
UEC's substantial liquidity and zero debt create durable financial flexibility to fund project buildouts, bridge regulatory delays, and pursue URNC and ISR expansions without immediate external financing. This balance-sheet strength materially lowers solvency risk and supports multi-year capital plans.
Negative Factors
TTM cash-flow burn
Despite strong liquidity, trailing-twelve-month operating and free cash flow deficits show the business currently requires cash to sustain operations and growth. Prolonged cash burn raises financing dependency risk and could force asset monetization or dilution if production or sales cadence slips.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong liquidity & no debt
UEC's substantial liquidity and zero debt create durable financial flexibility to fund project buildouts, bridge regulatory delays, and pursue URNC and ISR expansions without immediate external financing. This balance-sheet strength materially lowers solvency risk and supports multi-year capital plans.
Read all positive factors
Uranium Energy (UEC) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$6.58B
Dividend YieldN/A
Average Volume (3M)9.98M
Price to Earnings (P/E)―
Beta (1Y)1.85
Revenue Growth189.19%
EPS Growth-38.15%
CountryUS
Employees94
SectorEnergy
Sector Strength52
IndustryUranium
Share Statistics
EPS (TTM)-0.03
Shares Outstanding490,220,800
10 Day Avg. Volume11,235,529
30 Day Avg. Volume9,977,650
Financial Highlights & Ratios
PEG Ratio-0.25
Price to Book (P/B)3.77
Price to Sales (P/S)55.48
P/FCF Ratio-52.86
Enterprise Value/Market Cap0.94
Enterprise Value/Revenue305.25
Enterprise Value/Gross Profit-313.52
Enterprise Value/Ebitda-59.31
Forecast
1Y Price Target
$20.69Price Target Upside54.06% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering4
EPS Forecast (FY)-0.09
Revenue Forecast (FY)$41.75M
Uranium Energy Business Overview & Revenue Model
Company Description
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,...
How the Company Makes Money
UEC’s primary economic exposure is to the uranium market. When it generates revenue, it is generally through (1) sales of uranium (e.g., from physical uranium inventory and/or production from its uranium projects when operating), and potentially (...
Uranium Energy Earnings Call Summary
Earnings Call Date:Mar 10, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Jun 16, 2026
Earnings Call Sentiment Positive
The call highlighted multiple strong positives: opportunistic high-margin sales, robust liquidity ($818M) with no debt, low cash costs, completed construction milestones (Burke Hollow, Irigaray), and progress on strategic URNC initiatives supported by favorable U.S. policy developments. The key negatives were operational timing risks driven by a regulatory backlog and a modest QoQ production dip; production growth depends on pending approvals. Overall, the positive metrics and strategic progress materially outweigh the execution and timing risks.Positive Updates
Opportunistic Uranium Sales at Premium Pricing
Sold 200,000 pounds of U3O8 at $101 per pound (~25% above the quarterly average price of ~$80), generating over $20.2 million in revenue and approximately $10 million in gross profit (gross margin ~49.5%).
Negative Updates
Production Slightly Down Quarter-over-Quarter
Management acknowledged production was 'down a little bit' QoQ; Q2 production (45,743 lbs) was still primarily produced by only two active header houses, meaning near-term growth is dependent on bringing additional header houses online.
Read all updates
Q2-2026 Updates
Positive
Negative
Opportunistic Uranium Sales at Premium Pricing
Sold 200,000 pounds of U3O8 at $101 per pound (~25% above the quarterly average price of ~$80), generating over $20.2 million in revenue and approximately $10 million in gross profit (gross margin ~49.5%).
Read all positive updates
Company Guidance
UEC guided that production and sales should accelerate in the second half of fiscal 2026 (weighted to Q4) pending regulatory approvals the company expects in days-to-weeks, not months; Q2 production was 45,743 lb U3O8 (from two active header houses) at a total cost of $44.14/lb and cash cost of $39.66/lb, while cumulative production since restart is 244,321 lb at a total cost of $37.28/lb and cash cost of $30.50/lb. The company sold 200,000 lb at $101/lb (~25% above the ~$80/lb quarterly average), generating >$20M in revenue and ~$10M gross profit; liquidity stood at $818M (including $486M cash) with no debt, and inventory totaled ~1,456,000 lb U3O8 (~$144M) plus 244,321 lb precipitated/dried at Irigaray. Key operational milestones driving the guidance include Burke Hollow construction completion (first production area: 129 injection/recovery wells tested), four new header houses at Christensen Ranch (three more under construction; wellfield 11 has four header houses pressure-tested and ready), Sweetwater completion of 23 monitoring wells and start of a 200-well delineation program on Mar 2, 2026, and >30% completion of Roughrider’s planned 4,000 m core program; URNC conversion feasibility and siting studies are also advancing.Uranium Energy Financial Statement Overview
Summary
Income Statement
24
Negative
Balance Sheet
78
Positive
Cash Flow
32
Negative
| Breakdown | TTM | Jul 2025 | Jul 2024 | Jul 2023 | Jul 2022 | Jul 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 20.20M | 66.84M | 224.00K | 164.39M | 23.16M | 0.00 |
| Gross Profit | -19.67M | 24.48M | 37.00K | 31.05M | 7.29M | -4.48M |
| EBITDA | -103.96M | -84.50M | -31.25M | 10.87M | 8.14M | -11.54M |
| Net Income | -81.54M | -87.66M | -29.22M | -3.31M | 5.25M | -14.81M |
Balance Sheet | ||||||
| Total Assets | 1.53B | 1.11B | 889.83M | 737.59M | 354.25M | 169.54M |
| Cash, Cash Equivalents and Short-Term Investments | 486.35M | 148.93M | 156.26M | 45.61M | 32.54M | 44.31M |
| Total Debt | 0.00 | 2.30M | 2.60M | 1.28M | 1.18M | 10.33M |
| Total Liabilities | 119.69M | 123.75M | 111.72M | 105.76M | 27.34M | 18.09M |
| Stockholders Equity | 1.41B | 983.90M | 778.11M | 631.83M | 326.91M | 151.46M |
Cash Flow | ||||||
| Free Cash Flow | -121.85M | -70.15M | -109.92M | 71.92M | -54.20M | -41.70M |
| Operating Cash Flow | -116.63M | -64.46M | -106.49M | 72.57M | -52.99M | -41.47M |
| Investing Cash Flow | -58.06M | -157.03M | -24.64M | -124.78M | -110.84M | -3.62M |
| Financing Cash Flow | 597.96M | 284.84M | 173.08M | 65.42M | 157.27M | 84.46M |
Uranium Energy Technical Analysis
Positive
13.43
Price Trends
15.34
Negative
14.23
Negative
12.51
Positive
Market Momentum
-0.54
Negative
46.85
Neutral
57.14
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For UEC, the sentiment is Positive. The current price of 13.43 is above the 20-day moving average (MA) of 13.36, below the 50-day MA of 15.34, and above the 200-day MA of 12.51, indicating a neutral trend. The MACD of -0.54 indicates Negative momentum. The RSI at 46.85 is Neutral, neither overbought nor oversold. The STOCH value of 57.14 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for UEC.
Uranium Energy Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
56 Neutral | $6.58B | -149.77 | -7.09% | ― | 189.19% | -38.15% | |
56 Neutral | $4.34B | -39.51 | -13.16% | ― | 103.69% | -126.48% | |
54 Neutral | $3.60B | 56.06 | 18.29% | ― | 15.25% | 37.48% | |
49 Neutral | $572.15M | -6.84 | -76.17% | ― | 138.94% | -62.94% |
* Energy Sector Average
UEC
Uranium Energy
13.57
9.35
221.56%
URG
UR-Energy
1.52
0.92
154.61%
LEU
Centrus Energy
183.21
128.78
236.60%
UUUU
Energy Fuels
17.75
14.30
414.49%
Uranium Energy Corporate Events
Business Operations and StrategyRegulatory Filings and Compliance
Uranium Energy Expands U.S. ISR Production Capacity Footprint
Positive
Mar 23, 2026
On March 23, 2026, Uranium Energy Corp reported it had secured state regulatory approval and begun uranium extraction at three additional header houses in wellfield 11 at its Christensen Ranch ISR operation in Wyoming, with another header house pe...
Business Operations and StrategyFinancial Disclosures
Uranium Energy Highlights Strong Q2 Results and U.S. Expansion
Positive
Mar 11, 2026
On March 10, 2026, Uranium Energy Corp reported results for the second quarter of fiscal 2026, highlighting uranium sales at $101 per pound from its physical portfolio, a robust balance sheet with $818 million in liquid assets and no debt, and an ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.