Uranium Energy Corp. (NYSEAMERICAN:UEC) Receives Consensus Recommendation of “Buy” from Analysts

Shares of Uranium Energy Corp. (NYSEAMERICAN:UEC) have received a consensus rating of “Buy” from the eleven brokerages that are presently covering the company, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation, seven have issued a buy recommendation and two have given a strong buy recommendation to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $14.1944.

UEC has been the topic of a number of recent research reports. Stifel Nicolaus began coverage on shares of Uranium Energy in a research note on Monday, October 6th. They set a “buy” rating and a $10.50 price target on the stock. The Goldman Sachs Group upped their target price on shares of Uranium Energy from $13.00 to $17.00 and gave the company a “buy” rating in a research note on Friday, September 26th. Stifel Canada upgraded shares of Uranium Energy to a “strong-buy” rating in a report on Friday, October 3rd. Zacks Research raised shares of Uranium Energy from a “strong sell” rating to a “hold” rating in a research report on Monday, December 1st. Finally, TD Securities upped their price target on shares of Uranium Energy from $8.00 to $13.00 and gave the stock a “buy” rating in a research report on Friday, August 15th.

Hedge Funds Weigh In On Uranium Energy

Several hedge funds have recently bought and sold shares of the company. IFP Advisors Inc grew its stake in shares of 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. Ameritas Advisory Services LLC bought a new position in shares of Uranium Energy in the third quarter valued at approximately $33,000. Operose Advisors LLC bought a new position in shares of Uranium Energy in the second quarter valued at approximately $34,000. Strategic Advocates LLC purchased a new stake in shares of Uranium Energy during the 3rd quarter worth approximately $40,000. Finally, Oarsman Capital Inc. raised its position in shares of Uranium Energy by 900.0% in the first quarter. Oarsman Capital Inc. now owns 10,000 shares of the basic materials company’s stock valued at $48,000 after purchasing an additional 9,000 shares during the period. 62.28% of the stock is owned by institutional investors.

Uranium Energy Stock Performance

NYSEAMERICAN UEC opened at $12.92 on Friday. The firm’s 50 day moving average price is $13.33 and its two-hundred day moving average price is $10.59. Uranium Energy has a twelve month low of $3.85 and a twelve month high of $17.80. The stock has a market cap of $6.25 billion, a price-to-earnings ratio of -107.67 and a beta of 1.35.

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.