Uranium Energy (UEC)
XASE:UEC
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Uranium Energy
(NYSE MKT:UEC)
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Rating:55Neutral
Price Target:
$12.00
▼(-19.84% Downside)
Action:Reiterated
Date:06/11/26
The score reflects strong strategic/operational momentum and guidance from the latest earnings call (production ramp and expected cost improvements) plus a very conservative, debt-free balance sheet. These positives are tempered by weak TTM profitability and cash burn, and bearish technical conditions with the stock trading below key moving averages.
Positive Factors
Strong balance sheet and liquidity
A debt-free capital structure with nearly $800M in liquid assets and sizable inventory materially reduces refinancing and solvency risk, giving management optionality to fund project ramp, weather cyclical uranium prices, and pursue strategic M&A or vertical integration without near-term external funding.
Negative Factors
Negative and volatile operating cash flow
Sustained negative operating and free cash flow indicates the business currently consumes capital to fund operations and growth; absent consistent positive cash conversion, the company must rely on its liquidity or external financing to sustain ramps, which elevates execution and financing risk over coming quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong balance sheet and liquidity
A debt-free capital structure with nearly $800M in liquid assets and sizable inventory materially reduces refinancing and solvency risk, giving management optionality to fund project ramp, weather cyclical uranium prices, and pursue strategic M&A or vertical integration without near-term external funding.
Read all positive factors
Uranium Energy (UEC) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$5.94B
Dividend YieldN/A
Average Volume (3M)11.16M
Price to Earnings (P/E)―
Beta (1Y)1.90
Revenue Growth-69.78%
EPS Growth-21.42%
CountryUS
Employees94
SectorEnergy
Sector Strength52
IndustryUranium
Share Statistics
EPS (TTM)-0.22
Shares Outstanding494,872,380
10 Day Avg. Volume14,873,099
30 Day Avg. Volume11,162,037
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 Cap0.87
Enterprise Value/Revenue255.61
Enterprise Value/Gross Profit-257.18
Enterprise Value/Ebitda-44.91
Forecast
1Y Price Target
$20.56Price Target Upside37.36% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering5
EPS Forecast (FY)-0.17
Revenue Forecast (FY)$29.51M
Uranium Energy Business Overview & Revenue Model
Company Description
Uranium Energy Corp. (UEC) and its subsidiaries are involved in every stage of the uranium and titanium concentrate production cycle, from initial exploration and preparatory work to extraction and final processing. These activities take place acr...
How the Company Makes Money
UEC’s potential earnings are primarily tied to monetizing uranium assets and exposure to uranium pricing through the nuclear fuel supply chain. Key ways the company can generate revenue include: (1) Uranium sales: If and when UEC produces uranium ...
Uranium Energy Earnings Call Summary
Earnings Call Date:Jun 09, 2026
(Q3-2026)
| % Change Since: |
Next Earnings Date:Sep 25, 2026
Earnings Call Sentiment Positive
The call emphasized strong strategic and operational momentum — a major greenfield production start (Burke Hollow), industry-leading cumulative unit costs, substantial liquidity with no debt, accelerated project activity across ISR and conventional assets, staffing and in-house construction scale-up, and regulatory/licensing progress for a domestic conversion initiative (URNC). Near-term challenges include a quarter-specific spike in unit costs (to $54.61/lb) driven by regulatory timing and higher state taxes, limited Q3 volumes (32k lbs) that produced temporary cost volatility, and mark-to-market equity volatility (~$19M). Given that most negatives were characterized as temporary/timing-related and management highlighted multiple durable strategic positives (asset base, liquidity, no debt, production ramp underway, and policy alignment), the overall tone is Positive.Positive Updates
Burke Hollow Production Commenced
Commenced production at Burke Hollow on 04/08/2026 — the largest greenfield ISR uranium project in the U.S. in over a decade; expected to contribute to fiscal Q4 2026 volumes and expand UEC's hub-and-spoke platform to 2 of 3 U.S. hubs operating.
Negative Updates
Quarterly Unit Cost Spike
Q3 total cost per pound rose to $54.61 (cash cost $46.69) versus cumulative total $39.30 (cash $32.40). This quarter's total cost per pound represents an increase of ~39% over the cumulative total cost and the cash cost rose ~44% vs. cumulative cash cost; management attributes the increase primarily to timing and regulatory delays.
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Q3-2026 Updates
Positive
Negative
Burke Hollow Production Commenced
Commenced production at Burke Hollow on 04/08/2026 — the largest greenfield ISR uranium project in the U.S. in over a decade; expected to contribute to fiscal Q4 2026 volumes and expand UEC's hub-and-spoke platform to 2 of 3 U.S. hubs operating.
Read all positive updates
Company Guidance
Guidance emphasized higher production and lower unit costs in fiscal Q4 and beyond as new capacity comes online: Burke Hollow began production on 04/08/2026 and is expected to contribute in FY‑Q4, Christensen Ranch received approvals for 3 additional header houses (5 more under construction, 1 completed and on standby; Wellfield 11’s 3 header houses started at quarter end) and Ludeman/Sweetwater delineation drilling (Ludeman 240‑hole program complete; Sweetwater 200‑hole program completed, second 200‑hole to start July) will support ramp‑up. Management expects cost per pound to improve from Q3’s 32,000 lb at $54.61 total / $46.69 cash to levels nearer the since‑commissioning average of $39.30 total / $32.40 cash across ~276–277k lb produced, while balance‑sheet and inventory metrics provide flexibility: $794M liquid assets (including $488M cash), no debt, ~1.4M lb U3O8 inventory (~$127M value) plus ~277k lb precipitated/dried U3O8 at Irigaray, ~12M lb combined license capacity, 10 permitted U.S. projects, >80% of Rough Rider’s 35,000‑m drill program complete, NRC docket received for URNC and a conversion/class‑of‑cost study targeted in H1 2027; note a 4‑year industry factor increase for Wyoming taxes, workforce growth from 103 to 185, and ~ $19M of equity mark‑to‑market volatility in the quarter.Uranium Energy Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
78
Positive
Cash Flow
22
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 | -20.08M | 24.48M | 37.00K | 31.05M | 7.29M | -4.48M |
| EBITDA | -114.96M | -84.50M | -31.25M | 10.87M | 8.14M | -11.54M |
| Net Income | -103.67M | -87.66M | -29.22M | -3.31M | 5.25M | -14.81M |
Balance Sheet | ||||||
| Total Assets | 1.54B | 1.11B | 889.83M | 737.59M | 354.25M | 169.54M |
| Cash, Cash Equivalents and Short-Term Investments | 488.05M | 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 | 116.58M | 123.75M | 111.72M | 105.76M | 27.34M | 18.09M |
| Stockholders Equity | 1.42B | 983.90M | 778.11M | 631.83M | 326.91M | 151.46M |
Cash Flow | ||||||
| Free Cash Flow | -120.23M | -70.15M | -109.92M | 71.92M | -54.20M | -41.70M |
| Operating Cash Flow | -113.51M | -64.46M | -106.49M | 72.57M | -52.99M | -41.47M |
| Investing Cash Flow | -101.73M | -157.03M | -24.64M | -124.78M | -110.84M | -3.62M |
| Financing Cash Flow | 624.56M | 284.84M | 173.08M | 65.42M | 157.27M | 84.46M |
Uranium Energy Technical Analysis
Negative
14.97
Price Trends
13.76
Negative
14.33
Negative
13.94
Negative
Market Momentum
-0.73
Positive
46.19
Neutral
52.86
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For UEC, the sentiment is Negative. The current price of 14.97 is above the 20-day moving average (MA) of 12.58, above the 50-day MA of 13.76, and above the 200-day MA of 13.94, indicating a bearish trend. The MACD of -0.73 indicates Positive momentum. The RSI at 46.19 is Neutral, neither overbought nor oversold. The STOCH value of 52.86 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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 | $596.00M | -6.29 | -105.10% | ― | -7.62% | -88.28% | |
56 Neutral | $3.77B | 62.45 | 10.71% | ― | -4.05% | -48.51% | |
55 Neutral | $5.94B | -56.85 | -8.08% | ― | -69.78% | -21.42% | |
46 Neutral | $4.14B | -54.98 | -10.23% | ― | 21.95% | 29.05% |
* Energy Sector Average
UEC
Uranium Energy
12.01
5.55
85.91%
URG
UR-Energy
1.50
0.48
47.06%
LEU
Centrus Energy
191.39
1.35
0.71%
UUUU
Energy Fuels
16.56
11.15
206.10%
Uranium Energy Corporate Events
Business Operations and StrategyFinancial DisclosuresRegulatory Filings and Compliance
Uranium Energy Starts Burke Hollow Production, Expands ISR Platform
Positive
Jun 9, 2026
Uranium Energy Corp reported results for its third fiscal quarter ended April 30, 2026, highlighting the start of production at the Burke Hollow ISR project in South Texas, described as America’s largest greenfield ISR uranium project to ent...
Business Operations and StrategyExecutive/Board Changes
Uranium Energy Appoints Government Affairs VP to Advance Policy
Positive
May 28, 2026
On May 28, 2026, Uranium Energy Corp appointed Bradley Williams as Vice President of Government Affairs, a move aimed at strengthening its presence in Washington, D.C., and advancing its goal of becoming the U.S. leader at the front-end of the nuc...
Business Operations and StrategyRegulatory Filings and Compliance
Uranium Energy Begins Production at Burke Hollow Uranium Mine
Positive
Apr 8, 2026
On April 8, 2026, Uranium Energy Corp announced it had received approval from the Texas Commission on Environmental Quality and begun production at its Burke Hollow project in South Texas, described as the world’s newest in-situ recovery ura...
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...
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.