Uranium Energy Corp. (NYSEAMERICAN:UEC) Receives Average Rating of “Moderate Buy” from Analysts

Uranium Energy Corp. (NYSEAMERICAN:UEC) has been assigned an average recommendation of “Moderate Buy” from the eleven analysts that are covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, one has given a hold rating, seven have assigned a buy rating and two have issued a strong buy rating on the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $14.1944.

Several research analysts recently commented on UEC shares. HC Wainwright raised their price target on shares of Uranium Energy from $12.75 to $19.75 and gave the stock a “buy” rating in a research note on Thursday, September 25th. Canaccord Genuity Group set a $17.50 target price on shares of Uranium Energy and gave the stock a “buy” rating in a research report on Wednesday, September 24th. TD Securities lifted 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. Stifel Canada raised Uranium Energy to a “strong-buy” rating in a research note on Friday, October 3rd. Finally, BMO Capital Markets restated a “market perform” rating and set a $14.00 price objective (up from $7.75) on shares of Uranium Energy in a report on Thursday, September 25th.

Uranium Energy Stock Down 3.2%

UEC opened at $11.22 on Tuesday. The business has a fifty day moving average of $13.49 and a 200 day moving average of $9.72. The stock has a market cap of $5.42 billion, a P/E ratio of -66.00 and a beta of 1.40. Uranium Energy has a 52-week low of $3.85 and a 52-week high of $17.80.

Institutional Trading of Uranium Energy

Several institutional investors and hedge funds have recently made changes to their positions in the company. Abel Hall LLC bought a new position in Uranium Energy during the 3rd quarter worth about $135,000. NewEdge Advisors LLC lifted its position in shares of Uranium Energy by 8.4% in the 3rd quarter. NewEdge Advisors LLC now owns 19,398 shares of the basic materials company’s stock worth $259,000 after purchasing an additional 1,503 shares during the period. CANADA LIFE ASSURANCE Co lifted its position in shares of Uranium Energy by 115.6% in the 3rd quarter. CANADA LIFE ASSURANCE Co now owns 472,531 shares of the basic materials company’s stock worth $6,540,000 after purchasing an additional 253,335 shares during the period. Caxton Associates LLP boosted its stake in shares of Uranium Energy by 3.0% during the third quarter. Caxton Associates LLP now owns 4,215,215 shares of the basic materials company’s stock valued at $56,231,000 after purchasing an additional 122,157 shares in the last quarter. Finally, XTX Topco Ltd purchased a new position in Uranium Energy during the third quarter valued at approximately $2,649,000. 62.28% of the stock is currently owned by 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.