| Factor | Score | Distribution | Value | Avg | Rank |
|---|---|---|---|---|---|
Valuation | 7 | — | 17.8x | Bottom tier | |
Growth | 7 | — | 7.1% | Bottom tier | |
Quality | 19 | -10.8% | 4.5% | Bottom tier | |
Safety | 55 | — | 2.6x | Around median | |
Capital Return | 65 | — | 2.12% | Around median | |
Momentum | 27 | -1.9% | 2.9% | Bottom tier | |
Sentiment | 72 | 5 | 3 | Top tier |
Ten ratios that matter, each compared against its sector median and average — so you can see whether a number is rich or cheap relative to peers in the same sector.
Uranium Energy Corp. seeks to build a vertically integrated U.S. nuclear fuel supply chain extending from uranium mining and processing to refining and conversion. Its operating model relies on hub-and-spoke in-situ recovery platforms in Wyoming and South Texas, with development assets including Sweetwater and Rough Rider, while United States Uranium Refining and Conversion Corp. aims to fill the domestic uranium conversion capacity gap. UEC follows an unhedged strategy that allows it to choose the timing of sales and retain inventory when it considers market conditions unfavorable.
In fiscal Q3 2026, UEC made no uranium sales and retained its inventory, so the context did not include a revenue, gross profit, or gross margin figure for the quarter. The company recorded a net loss of $52.3 million, or $0.11 per share, compared with a net loss of $13.9 million, revenue of $20.2 million, and gross profit of $10.0 million in fiscal Q2 2026. The fiscal Q3 2026 net result included a negative impact of approximately $19 million from changes in the fair value of equity investments, adding accounting volatility to operating results.
Operationally, the company produced 32 thousand pounds of uranium concentrate in fiscal Q3 2026 at a total cost of $54.61 per pound and a cash cost of $46.69 per pound. On a cumulative basis since the restart, production reached approximately 276 thousand pounds at a total cost of $39.30 per pound, including a cash cost of $32.40. UEC ended the quarter with liquidity and liquid assets of $794 million, including $488 million in cash, with no debt, and as of April 30, 2026, it held approximately 1.4 million pounds of U3O8 valued at about $127 million, excluding approximately 277 thousand pounds in precipitation or drying and packaging stages at the Irigaray facility.
Automated analysis for informational purposes only — not investment advice.
The stock carries a consensus “Buy” rating with an average price target of $20.19, within a wide range of $16 to $26.75; the average is very close to the top of the 52-week range of $20.34, while the highest target clearly exceeds that peak. The 52-week range is $8.91–$20.34, and no P/E ratio is available because of the losses, so the valuation depends more heavily on successfully increasing production, reducing the cost per pound, and advancing URNC rather than on measurable current earnings.
Figures in the text are as of 2026-08-30; the live price is shown at the top of the page.
UEC targets a vertically integrated U.S. supply chain extending from mining and processing to refining and conversion through URNC. The company operates two of three U.S. hub-and-spoke platforms and controls ten permitted U.S. uranium projects. It also follows an unhedged sales strategy and chose not to sell uranium in fiscal Q3 2026 to preserve its inventory. As of April 30, 2026, it held 1.4 million pounds of U3O8 valued at approximately $127 million, in addition to material in production stages at Irigaray.
UEC recorded a net loss of $52.3 million, or $0.11 per share, in fiscal Q3 2026, compared with a loss of $13.9 million in Q2. The company made no uranium sales during the quarter, depriving the income statement of revenue from inventory sales. Approximately $19 million of the quarterly result was also attributed to changes in the fair value of the equity investment portfolio. In addition, regulatory delays reduced production volume while the company incurred costs to prepare new production areas.
The total cost was $54.61 per pound and the cash cost was $46.69 in fiscal Q3 2026 on production of 32 thousand pounds. By comparison, the cumulative average for approximately 276 thousand pounds since the restart was $39.30 per pound in total and $32.40 in cash costs. Management expects improvement as three new header houses at Christensen Ranch begin contributing and Burke Hollow production is included in fiscal Q4 2026. However, it did not provide a specific cost target, so improvement remains dependent on the speed of volume growth and regulatory approvals.
Burke Hollow began production on April 8, 2026, after a journey extending from the project's discovery in 2012 to its start-up in 2026. The company described it as the largest new U.S. in-situ recovery project to enter production in more than a decade. The project feeds the second South Texas platform centered on the Hobson plant, and UEC expects its production contribution to appear in fiscal Q4 2026. The 14-year development period illustrates the value of permitted assets, but it also reveals the slow pace of establishing new production capacity in the sector.
The planned 35 thousand-meter drilling program at Rough Rider was more than 80% complete by the June 9, 2026 call. Management estimated completion of the preliminary feasibility study near the end of 2026, while explicitly describing the date as an estimate linked to completing drilling and receiving assay results. URNC received a regulatory docket number and reached a shortlist of candidate sites, and the company expects a Class 4 cost study in the first half of 2027. At Sweetwater, a 200-hole drilling program was completed in early May 2026, and the company identified July 2026 as the start of a second 200-hole program.
UEC ended fiscal Q3 2026 with $794 million in liquid assets, including $488 million in cash, and no debt. Liquid assets also included uranium inventory and equity investments, so their value may fluctuate with the markets. As of April 30, 2026, the 1.4 million pounds of U3O8 were valued at approximately $127 million based on the market prices cited in the call. These resources give the company flexibility to fund work at Christensen Ranch, Burke Hollow, Sweetwater, and URNC, but they do not eliminate execution risks or continuing losses.
