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Uranium Energy
(UEC)
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Rating:54Neutral
Price Target:
$8.00
▼(-39.71% Downside)
Action:Reiterated
Date:09/30/26
The score is held back primarily by weak profitability and inconsistent/free-cash-flow burn, despite a very strong, low-debt balance sheet. Technicals add pressure given the clear downtrend across key moving averages and negative MACD. Offsetting these negatives, the earnings call described substantial operational momentum (rapid production growth and falling costs) and strong liquidity, which supports a mid-range overall score.
Positive Factors
Production growth and lower costs
Rapid production growth across Christensen Ranch and Burke Hollow, combined with lower unit costs, indicates improving operating scale. If sustained, these trends can expand gross profit, strengthen UEC’s position as a domestic producer, and support higher future output from its multi-mine platform.
Negative Factors
Recurring losses and volatile revenue
Large recurring losses and volatile revenue weaken earnings quality and make future profitability dependent on successful production scaling and uranium sales. Improved gross margins have not yet offset operating costs, so the business has not demonstrated durable positive earnings across recent periods.
Read all positive and negative factors
Positive Factors
Negative Factors
Production growth and lower costs
Rapid production growth across Christensen Ranch and Burke Hollow, combined with lower unit costs, indicates improving operating scale. If sustained, these trends can expand gross profit, strengthen UEC’s position as a domestic producer, and support higher future output from its multi-mine platform.
Read all positive factors
Uranium Energy (UEC) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$3.88B
Dividend YieldN/A
Average Volume (3M)10.05M
Price to Earnings (P/E)―
Beta (1Y)1.62
Revenue Growth-44.27%
EPS Growth-36.85%
CountryUS
Employees257
SectorEnergy
Sector Strength52
IndustryUranium
Share Statistics
EPS (TTM)-0.28
Shares Outstanding495,584,660
10 Day Avg. Volume9,842,262
30 Day Avg. Volume10,052,615
Financial Highlights & Ratios
PEG Ratio-0.86
Price to Book (P/B)3.38
Price to Sales (P/S)124.84
P/FCF Ratio-43.32
Enterprise Value/Market Cap1.10
Enterprise Value/Revenue114.42
Enterprise Value/Gross Profit-202.83
Enterprise Value/Ebitda-33.28
Forecast
1Y Price Target
$15.61Price Target Upside17.61% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering7
EPS Forecast (FY)-0.17
Revenue Forecast (FY)$63.25M
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 earnings potential is tied primarily to uranium and, to a lesser extent, related critical minerals exposure; however, its revenue mix depends on market conditions and whether its mines are actively producing. The main ways UEC makes (or seek...
Uranium Energy Earnings Call Summary
Earnings Call Date:Sep 29, 2026
(Q4-2026)
| % Change Since: |
Next Earnings Date:Dec 16, 2026
Earnings Call Sentiment Positive
The call was strongly optimistic, emphasizing a 157% quarter-over-quarter production increase, lower production costs, a growing multi-mine platform, substantial liquidity with no debt, progress on multiple development projects, and expanding U.S. government and utility demand. The main challenges were regulatory approval timing, the early-stage ramp-up and optimization of Burke Hollow, below-replacement utility contracting in the first half, and the fact that the conversion project is still under development without a final investment decision or formal Fiscal 2027 production guidance.Positive Updates
Transformation into a Multi-Mine U.S. Uranium Producer
UEC expanded from producing uranium from 1 mine in 1 state 12 months ago to producing from 2 mines in 2 states, with a third mine at Ludeman well underway. Fiscal 2026 established UEC as a multi-mine American uranium producer.
Negative Updates
Regulatory Approval Delays and Lack of Formal Fiscal 2027 Guidance
Management said regulatory delays were among the industry's growing pains and that the timing of approvals remains outside UEC's control. Because approval timing remains variable, UEC does not yet have formal Fiscal 2027 production guidance and said it was too early to provide specific production ramp or steady-state targets.
Read all updates
Q4-2026 Updates
Positive
Negative
Transformation into a Multi-Mine U.S. Uranium Producer
UEC expanded from producing uranium from 1 mine in 1 state 12 months ago to producing from 2 mines in 2 states, with a third mine at Ludeman well underway. Fiscal 2026 established UEC as a multi-mine American uranium producer.
Read all positive updates
Company Guidance
UEC said it does not have formal guidance for Fiscal Year 2027 because regulatory approval timing remains a variable, but it is “quite confident about a strong Fiscal '27 ahead”; production was up 157% in the fourth quarter, 4 newly approved Christensen Ranch header houses are expected to start production “in the coming weeks,” additional drilling at Sweetwater North is planned in the first quarter of fiscal 2027, Ludeman is “very much part of our production plans for 2027, 2028 and beyond,” and a more specific Ludeman timeline may be provided by fiscal Q1. The FAST-41 permitting dashboard targets completion of the environmental assessment in March 2027 and approval of the plan of operations in May 2027, while UR&C expects its Class 4 cost estimate to be ready in mid-2027, with the final investment decision not expected until that estimate is complete. UEC also said it may sign long-term utility contracts “in the coming months,” while targeting U.S. government demand of 4 million pounds of U3O8 and 1,500 metric tons of uranium as UF6 each year, with deliveries starting as soon as 2030.Uranium Energy Financial Statement Overview
Summary
Income Statement
36
Negative
Balance Sheet
82
Very Positive
Cash Flow
28
Negative
| Breakdown | Jul 2026 | Jul 2025 | Jul 2024 | Jul 2023 | Jul 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 37.25M | 66.84M | 224.00K | 164.39M | 23.16M |
| Gross Profit | -98.67M | 24.48M | 37.00K | 31.05M | 7.29M |
| EBITDA | -126.30M | -84.50M | -31.25M | 10.87M | 8.14M |
| Net Income | -137.31M | -87.66M | -29.22M | -3.31M | 5.25M |
Balance Sheet | |||||
| Total Assets | 1.51B | 1.11B | 889.83M | 737.59M | 354.25M |
| Cash, Cash Equivalents and Short-Term Investments | 495.46M | 148.93M | 156.26M | 45.61M | 32.54M |
| Total Debt | 0.00 | 2.30M | 2.60M | 1.28M | 1.18M |
| Total Liabilities | 136.11M | 123.75M | 111.72M | 105.76M | 27.34M |
| Stockholders Equity | 1.38B | 983.90M | 778.11M | 631.83M | 326.91M |
Cash Flow | |||||
| Free Cash Flow | -107.34M | -70.15M | -109.92M | 71.92M | -54.20M |
| Operating Cash Flow | -98.56M | -64.46M | -106.49M | 72.57M | -52.99M |
| Investing Cash Flow | -89.09M | -157.03M | -24.64M | -124.78M | -110.84M |
| Financing Cash Flow | 526.88M | 284.84M | 173.08M | 65.42M | 157.27M |
Uranium Energy Technical Analysis
Negative
13.27
Price Trends
10.36
Negative
10.59
Negative
12.79
Negative
Market Momentum
-0.69
Positive
32.97
Neutral
26.63
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 13.27 is above the 20-day moving average (MA) of 8.86, above the 50-day MA of 10.36, and above the 200-day MA of 12.79, indicating a bearish trend. The MACD of -0.69 indicates Positive momentum. The RSI at 32.97 is Neutral, neither overbought nor oversold. The STOCH value of 26.63 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% | |
54 Neutral | $3.88B | -28.12 | -9.95% | ― | -44.27% | -36.85% | |
46 Neutral | $350.40M | -3.83 | -110.66% | ― | -11.17% | -39.84% | |
42 Neutral | $155.93M | -2.52 | -25.71% | 1.14% | 24.09% | 4.71% | |
42 Neutral | $147.23M | -5.84 | -114.78% | ― | ― | ― | |
41 Neutral | $2.17B | -24.48 | -11.29% | ― | 62.51% | 30.69% |
* Energy Sector Average
UEC
Uranium Energy
7.90
-5.42
-40.69%
URG
UR-Energy
0.88
-0.66
-42.86%
UUUU
Energy Fuels
8.20
-13.06
-61.43%
EU
enCore Energy
0.80
-2.15
-72.81%
NUCL
Eagle Nuclear Energy
4.96
-7.25
-59.38%
STDN
Standard Nuclear
12.73
0.43
3.50%
Uranium Energy Corporate Events
Business Operations and StrategyFinancial Disclosures
Uranium Energy Reports Transformational Multi-Mine Production Growth
Positive
Sep 29, 2026
For the fiscal year ended July 31, 2026, Uranium Energy Corp reported a transformational shift to multi-mine production, with output from its Christensen Ranch and Burke Hollow projects reaching 229,294 pounds and fourth-quarter volumes up 157 per...
Business Operations and StrategyExecutive/Board ChangesShareholder Meetings
Uranium Energy Shareholders Reaffirm Board and Executive Leadership
Positive
Jul 23, 2026
At its July 23, 2026 annual meeting of stockholders, Uranium Energy Corp saw shareholders elect six directors, including CEO Amir Adnani, with roughly 72.9% of eligible shares represented, reinforcing continuity in the company’s board leader...
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.