HC Wainwright Issues Positive Forecast for Uranium Energy (NYSEAMERICAN:UEC) Stock Price

Uranium Energy (NYSEAMERICAN:UEC) had its price target boosted by HC Wainwright from $10.25 to $11.00 in a research report released on Monday,Benzinga reports. HC Wainwright currently has a buy rating on the basic materials company’s stock.

Separately, Roth Mkm reaffirmed a “buy” rating and issued a $10.25 target price (up from $9.75) on shares of Uranium Energy in a research note on Wednesday, October 23rd.

Uranium Energy Price Performance

UEC stock opened at $8.00 on Monday. Uranium Energy has a 12 month low of $4.06 and a 12 month high of $8.93. The company has a market capitalization of $3.38 billion, a price-to-earnings ratio of -66.67 and a beta of 1.84. The company has a 50 day moving average price of $6.54.

Uranium Energy (NYSEAMERICAN:UEC) last announced its earnings results on Thursday, September 26th. The basic materials company reported ($0.03) earnings per share (EPS) for the quarter. Analysts anticipate that Uranium Energy will post 0.09 EPS for the current fiscal year.

Hedge Funds Weigh In On Uranium Energy

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Driehaus Capital Management LLC increased its position in shares of Uranium Energy by 1.0% during the 2nd quarter. Driehaus Capital Management LLC now owns 9,147,972 shares of the basic materials company’s stock valued at $54,979,000 after purchasing an additional 90,522 shares during the last quarter. Geode Capital Management LLC increased its holdings in Uranium Energy by 1.8% in the 3rd quarter. Geode Capital Management LLC now owns 9,083,449 shares of the basic materials company’s stock worth $56,419,000 after acquiring an additional 159,921 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Uranium Energy by 18.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 5,954,561 shares of the basic materials company’s stock worth $35,786,000 after acquiring an additional 947,773 shares in the last quarter. Van ECK Associates Corp increased its holdings in Uranium Energy by 78.0% in the 3rd quarter. Van ECK Associates Corp now owns 4,956,971 shares of the basic materials company’s stock worth $30,783,000 after acquiring an additional 2,171,468 shares in the last quarter. Finally, Segra Capital Management LLC grew its holdings in Uranium Energy by 81.0% during the 3rd quarter. Segra Capital Management LLC now owns 4,036,529 shares of the basic materials company’s stock valued at $24,926,000 after buying an additional 1,806,529 shares in the last quarter. Institutional investors own 62.28% of the company’s stock.

About Uranium Energy

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, Burke Hollow, Longhorn, and Salvo projects located in Texas; Anderson, Workman Creek, and Los Cuatros projects situated in Arizona; Dalton Pass and C de Baca project located in New Mexico; Roughrider, Shea Creek, Christie Lake, Horseshoe-Raven, Hidden Bay, Diabase, West Bear, JCU, and other project located in Canada; and Yuty, Oviedo, and Alto Paraná titanium projects in Paraguay.