Uranium Energy (NYSEAMERICAN:UEC) Stock Price Expected to Rise, TD Securities Analyst Says

Uranium Energy (NYSEAMERICAN:UEC) had its price objective increased by equities research analysts at TD Securities from $8.00 to $13.00 in a research note issued to investors on Friday,BayStreet.CA reports. The firm currently has a “buy” rating on the basic materials company’s stock. TD Securities’ price objective would suggest a potential upside of 21.16% from the stock’s previous close.

A number of other equities research analysts have also weighed in on UEC. HC Wainwright boosted their price objective on shares of Uranium Energy from $12.25 to $12.75 and gave the company a “buy” rating in a report on Wednesday, August 6th. BMO Capital Markets assumed coverage on Uranium Energy in a research note on Tuesday, June 3rd. They set an “outperform” rating and a $7.75 price target on the stock. Finally, The Goldman Sachs Group upgraded Uranium Energy to a “strong-buy” rating in a research note on Tuesday, August 12th. Six analysts have rated the stock with a buy rating and three have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $10.91.

Uranium Energy Trading Up 4.6%

NYSEAMERICAN:UEC opened at $10.73 on Friday. Uranium Energy has a twelve month low of $3.85 and a twelve month high of $10.88. The company has a market cap of $4.77 billion, a PE ratio of -63.11 and a beta of 1.44. The company’s 50 day moving average is $7.73 and its two-hundred day moving average is $6.43.

Insider Buying and Selling

In related news, Director David Kong sold 50,800 shares of Uranium Energy stock in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $9.62, for a total transaction of $488,696.00. Following the completion of the transaction, the director directly owned 182,237 shares in the company, valued at approximately $1,753,119.94. This trade represents a 21.80% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.00% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Uranium Energy

Several hedge funds have recently modified their holdings of the company. Blair William & Co. IL lifted its holdings in shares of Uranium Energy by 1.1% in the 2nd quarter. Blair William & Co. IL now owns 160,200 shares of the basic materials company’s stock worth $1,089,000 after acquiring an additional 1,700 shares during the last quarter. Ameritas Investment Partners Inc. raised its position in Uranium Energy by 4.2% in the second quarter. Ameritas Investment Partners Inc. now owns 43,475 shares of the basic materials company’s stock valued at $296,000 after purchasing an additional 1,742 shares during the period. SBI Securities Co. Ltd. lifted its stake in Uranium Energy by 13.7% during the second quarter. SBI Securities Co. Ltd. now owns 15,629 shares of the basic materials company’s stock worth $106,000 after purchasing an additional 1,878 shares in the last quarter. Arizona State Retirement System boosted its position in shares of Uranium Energy by 1.6% during the first quarter. Arizona State Retirement System now owns 121,359 shares of the basic materials company’s stock worth $580,000 after buying an additional 1,962 shares during the period. Finally, Farther Finance Advisors LLC grew its stake in shares of Uranium Energy by 43.5% in the first quarter. Farther Finance Advisors LLC now owns 7,801 shares of the basic materials company’s stock valued at $36,000 after buying an additional 2,364 shares in the last quarter. 62.28% of the stock is owned by hedge funds and other institutional investors.

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.