Traders Buy Large Volume of Uranium Energy Call Options (NYSEAMERICAN:UEC)

Uranium Energy Corp. (NYSEAMERICAN:UEC) was the target of some unusual options trading on Friday. Stock investors purchased 78,263 call options on the stock. This represents an increase of 786% compared to the typical volume of 8,835 call options.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on UEC shares. HC Wainwright restated a “buy” rating and issued a $12.25 price objective on shares of Uranium Energy in a report on Thursday, March 13th. Stifel Canada raised shares of Uranium Energy to a “strong-buy” rating in a research report on Tuesday, March 11th. National Bankshares set a $10.00 price target on shares of Uranium Energy and gave the stock an “outperform” rating in a report on Wednesday, February 12th. National Bank Financial initiated coverage on shares of Uranium Energy in a research report on Wednesday, February 12th. They set an “outperform” rating and a $10.00 price target for the company. Finally, Stifel Nicolaus set a $10.50 target price on shares of Uranium Energy in a research report on Wednesday, March 12th. Four research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $10.60.

Institutional Investors Weigh In On Uranium Energy

Several institutional investors and hedge funds have recently added to or reduced their stakes in UEC. SG Americas Securities LLC lifted its stake in shares of Uranium Energy by 107.6% during the 4th quarter. SG Americas Securities LLC now owns 351,233 shares of the basic materials company’s stock valued at $2,350,000 after buying an additional 182,016 shares in the last quarter. Van ECK Associates Corp grew its holdings in Uranium Energy by 33.2% during the 4th quarter. Van ECK Associates Corp now owns 6,602,890 shares of the basic materials company’s stock valued at $44,174,000 after purchasing an additional 1,645,919 shares during the last quarter. Barclays PLC boosted its position in Uranium Energy by 394.5% in the 3rd quarter. Barclays PLC now owns 697,045 shares of the basic materials company’s stock valued at $4,329,000 after buying an additional 556,081 shares during the period. Strategic Financial Concepts LLC purchased a new stake in Uranium Energy in the 4th quarter valued at about $323,000. Finally, Riggs Asset Managment Co. Inc. lifted its position in shares of Uranium Energy by 113.6% in the 4th quarter. Riggs Asset Managment Co. Inc. now owns 172,386 shares of the basic materials company’s stock worth $1,184,000 after purchasing an additional 91,665 shares during the period. Hedge funds and other institutional investors own 62.28% of the company’s stock.

Uranium Energy Stock Up 25.0%

Shares of UEC opened at $6.45 on Friday. Uranium Energy has a twelve month low of $3.85 and a twelve month high of $8.93. The firm has a 50 day moving average of $5.09 and a 200 day moving average of $6.42. The company has a market capitalization of $2.73 billion, a P/E ratio of -53.75 and a beta of 1.88.

Uranium Energy Company Profile

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.