Uranium Energy Corp. (NYSEAMERICAN:UEC) Receives $10.13 Consensus PT from Analysts

Shares of Uranium Energy Corp. (NYSEAMERICAN:UEC) have been given a consensus recommendation of “Buy” by the seven ratings firms that are covering the stock, Marketbeat.com reports. Five analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $10.13.

Separately, BMO Capital Markets initiated coverage on Uranium Energy in a research note on Tuesday, June 3rd. They issued an “outperform” rating and a $7.75 price target for the company.

Institutional Trading of Uranium Energy

Several hedge funds and other institutional investors have recently modified their holdings of UEC. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Uranium Energy by 1.5% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 29,230,344 shares of the basic materials company’s stock valued at $195,551,000 after acquiring an additional 423,233 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of Uranium Energy by 2.5% during the fourth quarter. Vanguard Group Inc. now owns 25,862,079 shares of the basic materials company’s stock worth $173,017,000 after acquiring an additional 631,929 shares during the period. MMCAP International Inc. SPC boosted its holdings in shares of Uranium Energy by 8.6% during the first quarter. MMCAP International Inc. SPC now owns 19,716,341 shares of the basic materials company’s stock worth $94,244,000 after acquiring an additional 1,559,173 shares during the period. JPMorgan Chase & Co. raised its position in shares of Uranium Energy by 45.9% in the fourth quarter. JPMorgan Chase & Co. now owns 15,842,713 shares of the basic materials company’s stock valued at $105,988,000 after buying an additional 4,982,949 shares in the last quarter. Finally, Norges Bank acquired a new stake in shares of Uranium Energy in the fourth quarter valued at approximately $100,773,000. Institutional investors and hedge funds own 62.28% of the company’s stock.

Uranium Energy Price Performance

NYSEAMERICAN:UEC opened at $8.03 on Wednesday. The business’s 50-day moving average is $6.35 and its two-hundred day moving average is $6.33. Uranium Energy has a 12 month low of $3.85 and a 12 month high of $8.93. The firm has a market capitalization of $3.57 billion, a PE ratio of -47.23 and a beta of 1.42.

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.