14 Best American Energy Stocks To Buy According to Analysts

7. Uranium Energy Corp. (NYSE:UEC)

Number of Hedge Fund Investors  in Q1 2024: 27

Average Analyst Share Price Target Upside: 72.23%

Average Analyst Share Price Target: $9.80

Uranium Energy Corp. (NYSE:UEC) is another uranium mining company with operations in Texas, Arizona, New Mexico, Canada, and Paraguay. These provide it with a diversified operations base which allows Uranium Energy Corp. (NYSE:UEC) to hedge the effects of a disruption in one production site by managing output in another. At the same time, since it primarily produces uranium and titanium, Uranium Energy Corp. (NYSE:UEC) is also left at the mercy of the broader uranium market since a slow demand for its products means that sales will fall. Like some other uranium producers though, the firm is also targeting the rare earth metals industry which has come under increased analyst, investor, and government focus because of tensions between the US and China. On this front, Uranium Energy Corp. (NYSE:UEC) announced an MOU with an Australian company to develop 14,000 metric tonne rare earth site in Australia.