Uranium Energy (NYSEAMERICAN:UEC) Now Covered by Stifel Nicolaus

Stifel Nicolaus assumed coverage on shares of Uranium Energy (NYSEAMERICAN:UEC) in a report released on Monday, MarketBeat Ratings reports. The brokerage issued a buy rating and a $10.50 price target on the basic materials company’s stock.

UEC has been the topic of a number of other research reports. TD Securities upped 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. The Goldman Sachs Group boosted their price objective on Uranium Energy from $13.00 to $17.00 and gave the stock a “buy” rating in a report on Friday, September 26th. Roth Capital upped their target price on Uranium Energy from $11.50 to $16.00 and gave the company a “buy” rating in a research report on Wednesday, September 24th. Zacks Research raised Uranium Energy from a “strong sell” rating to a “hold” rating in a report on Monday, September 22nd. Finally, Canaccord Genuity Group set a $17.50 price target on Uranium Energy and gave the company a “buy” rating in a research note on Wednesday, September 24th. Two research 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 stock. Based on data from MarketBeat, Uranium Energy presently has a consensus rating of “Buy” and an average target price of $13.80.

Uranium Energy Stock Performance

Shares of NYSEAMERICAN:UEC opened at $13.05 on Monday. Uranium Energy has a 52-week low of $3.85 and a 52-week high of $15.06. The company has a market capitalization of $6.06 billion, a P/E ratio of -76.76 and a beta of 1.40. The company has a 50-day simple moving average of $11.27 and a 200 day simple moving average of $7.80.

Insiders Place Their Bets

In other news, Director David Kong sold 50,800 shares of the business’s stock in a transaction dated Wednesday, August 6th. The stock was 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 approximately $1,753,119.94. The trade was a 21.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 2.00% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Uranium Energy

A number of hedge funds have recently bought and sold shares of the company. Osaic Holdings Inc. increased its holdings in Uranium Energy by 88.4% in the second quarter. Osaic Holdings Inc. now owns 214,323 shares of the basic materials company’s stock worth $1,457,000 after purchasing an additional 100,560 shares in the last quarter. Caxton Associates LLP grew its position in shares of Uranium Energy by 11,233.4% during the 2nd quarter. Caxton Associates LLP now owns 4,093,058 shares of the basic materials company’s stock worth $27,833,000 after buying an additional 4,056,943 shares during the period. CANADA LIFE ASSURANCE Co increased its stake in shares of Uranium Energy by 97.2% in the 2nd quarter. CANADA LIFE ASSURANCE Co now owns 219,196 shares of the basic materials company’s stock valued at $1,489,000 after acquiring an additional 108,070 shares in the last quarter. Tower Research Capital LLC TRC lifted its position in shares of Uranium Energy by 252.3% during the 2nd quarter. Tower Research Capital LLC TRC now owns 45,315 shares of the basic materials company’s stock valued at $308,000 after acquiring an additional 32,454 shares during the period. Finally, Sender Co & Partners Inc. acquired a new position in shares of Uranium Energy during the 2nd quarter valued at $88,000. Institutional investors own 62.28% of the company’s stock.

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.