Uranium Energy (NYSEAMERICAN:UEC) Given New $17.00 Price Target at The Goldman Sachs Group

Uranium Energy (NYSEAMERICAN:UEC) had its price objective lifted by The Goldman Sachs Group from $13.00 to $17.00 in a research report sent to investors on Friday,Benzinga reports. The Goldman Sachs Group currently has a buy rating on the basic materials company’s stock.

A number of other equities research analysts have also recently issued reports on UEC. BMO Capital Markets reiterated a “market perform” rating and set a $14.00 price objective (up previously from $7.75) on shares of Uranium Energy in a research note on Thursday. TD Securities increased their price target on shares of Uranium Energy from $8.00 to $13.00 and gave the company a “buy” rating in a research note on Friday, August 15th. Roth Capital boosted their price objective on shares of Uranium Energy from $11.50 to $16.00 and gave the stock a “buy” rating in a research note on Wednesday. HC Wainwright raised their target price on shares of Uranium Energy from $12.75 to $19.75 and gave the company a “buy” rating in a research note on Thursday. Finally, Canaccord Genuity Group set a $17.50 price objective on Uranium Energy and gave the company a “buy” rating in a research note on Wednesday. Two investment analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, Uranium Energy has an average rating of “Buy” and an average price target of $13.80.

Uranium Energy Trading Up 1.7%

Shares of UEC stock opened at $13.67 on Friday. The firm’s fifty day moving average price is $10.69 and its two-hundred day moving average price is $7.44. Uranium Energy has a 1 year low of $3.85 and a 1 year high of $15.06. The firm has a market capitalization of $6.35 billion, a P/E ratio of -68.35 and a beta of 1.42.

Insider Activity at Uranium Energy

In related news, Director David Kong sold 50,800 shares of Uranium Energy stock in a transaction that occurred on Wednesday, August 6th. The shares were sold at an average price of $9.62, for a total transaction of $488,696.00. Following the sale, the director directly owned 182,237 shares in the company, valued at $1,753,119.94. This trade represents a 21.80% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 2.00% of the company’s stock.

Institutional Trading of Uranium Energy

Several institutional investors have recently added to or reduced their stakes in the stock. Versant Capital Management Inc bought a new stake in shares of Uranium Energy in the 1st quarter valued at $27,000. IFP Advisors Inc raised its stake in Uranium Energy by 732.8% during the second quarter. IFP Advisors Inc now owns 3,981 shares of the basic materials company’s stock worth $27,000 after buying an additional 3,503 shares during the last quarter. Operose Advisors LLC acquired a new position in Uranium Energy in the second quarter valued at $34,000. Farther Finance Advisors LLC boosted its position in Uranium Energy by 43.5% during the first quarter. Farther Finance Advisors LLC now owns 7,801 shares of the basic materials company’s stock valued at $36,000 after acquiring an additional 2,364 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. bought a new stake in Uranium Energy during the first quarter valued at $36,000. 62.28% of the stock is currently owned by institutional investors.

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.