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

Shares of Uranium Energy Corp. (NYSEAMERICAN:UEC) have received an average recommendation of “Buy” from the ten brokerages that are covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation, six have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $14.9167.

Several research analysts have weighed in on the company. Roth Mkm restated a “buy” rating and issued a $16.00 price target on shares of Uranium Energy in a research note on Thursday, December 11th. National Bankshares boosted their target price on shares of Uranium Energy from $15.50 to $16.50 and gave the stock an “outperform” rating in a report on Friday, December 19th. Zacks Research upgraded shares of Uranium Energy from a “strong sell” rating to a “hold” rating in a report on Monday, December 1st. Finally, Stifel Nicolaus began coverage on shares of Uranium Energy in a report on Monday, October 6th. They set a “buy” rating and a $10.50 price objective for the company.

Institutional Trading of Uranium Energy

A number of large investors have recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. increased its stake in Uranium Energy by 1,954.8% during the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 153,614 shares of the basic materials company’s stock worth $1,045,000 after acquiring an additional 146,138 shares during the last quarter. MQS Management LLC purchased a new position in shares of Uranium Energy in the 2nd quarter worth approximately $137,000. Norges Bank bought a new position in shares of Uranium Energy during the 2nd quarter valued at approximately $105,058,000. Osaic Holdings Inc. raised its holdings in Uranium Energy by 88.4% during the 2nd quarter. Osaic Holdings Inc. now owns 214,323 shares of the basic materials company’s stock valued at $1,457,000 after buying an additional 100,560 shares during the period. Finally, Voya Investment Management LLC lifted its position in Uranium Energy by 195.0% in the third quarter. Voya Investment Management LLC now owns 1,605,986 shares of the basic materials company’s stock worth $21,424,000 after buying an additional 1,061,566 shares during the last quarter. Institutional investors own 62.28% of the company’s stock.

Uranium Energy Stock Performance

UEC opened at $17.24 on Friday. The stock has a market cap of $8.33 billion, a price-to-earnings ratio of -143.67 and a beta of 1.23. The firm’s fifty day moving average is $14.38 and its 200 day moving average is $12.71. Uranium Energy has a fifty-two week low of $3.85 and a fifty-two week high of $20.34.

Uranium Energy Company Profile

Uranium Energy Corp. is a uranium mining and exploration company focused on the development and production of uranium through in-situ recovery (ISR) methods. The company’s core activities include operating ISR projects, advancing exploration properties, and engaging in joint ventures to secure uranium supply for nuclear power generation. Uranium Energy’s approach emphasizes environmentally conscious extraction techniques that minimize land disturbance and water usage compared with conventional mining.

The company’s primary producing asset is the Hobson ISR facility in South Texas, which commenced production to supply uranium concentrate to nuclear utilities.