Analysts Set Uranium Energy Corp. (NYSEAMERICAN:UEC) Target Price at $10.60

Uranium Energy Corp. (NYSEAMERICAN:UEC) has been assigned a consensus recommendation of “Buy” from the six ratings firms that are covering the firm, Marketbeat.com reports. Four investment analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $10.60.

UEC has been the subject of a number of recent analyst reports. National Bank Financial initiated coverage on shares of Uranium Energy in a research report on Wednesday, February 12th. They issued an “outperform” rating and a $10.00 price objective for the company. Stifel Canada raised Uranium Energy to a “strong-buy” rating in a report on Tuesday, March 11th. HC Wainwright reaffirmed a “buy” rating and set a $12.25 price target on shares of Uranium Energy in a research report on Thursday, March 13th. National Bankshares set a $10.00 price objective on Uranium Energy and gave the stock an “outperform” rating in a research report on Wednesday, February 12th. Finally, Stifel Nicolaus set a $10.50 price objective on Uranium Energy in a research note on Wednesday, March 12th.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in UEC. Harbour Investments Inc. raised its stake in Uranium Energy by 947.4% in the 4th quarter. Harbour Investments Inc. now owns 3,886 shares of the basic materials company’s stock valued at $26,000 after acquiring an additional 3,515 shares during the period. Versant Capital Management Inc purchased a new position in shares of Uranium Energy in the first quarter worth about $27,000. GAMMA Investing LLC raised its position in shares of Uranium Energy by 180.1% in the fourth quarter. GAMMA Investing LLC now owns 4,338 shares of the basic materials company’s stock valued at $29,000 after purchasing an additional 2,789 shares during the period. Generali Investments Management Co LLC purchased a new stake in shares of Uranium Energy during the 4th quarter valued at approximately $30,000. Finally, National Bank of Canada FI boosted its holdings in Uranium Energy by 29.7% in the 3rd quarter. National Bank of Canada FI now owns 7,485 shares of the basic materials company’s stock worth $46,000 after buying an additional 1,713 shares during the period. Hedge funds and other institutional investors own 62.28% of the company’s stock.

Uranium Energy Stock Up 10.5 %

UEC stock opened at $4.42 on Monday. The stock’s 50 day moving average is $5.68 and its 200-day moving average is $6.64. Uranium Energy has a twelve month low of $3.85 and a twelve month high of $8.93. The firm has a market capitalization of $1.87 billion, a PE ratio of -36.83 and a beta of 1.88.

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.