Uranium Energy (NYSEAMERICAN:UEC) Sets New 12-Month High – Still a Buy?

Uranium Energy Corp. (NYSEAMERICAN:UEC)’s share price hit a new 52-week high during trading on Friday . The company traded as high as $8.93 and last traded at $8.60, with a volume of 1664519 shares traded. The stock had previously closed at $8.57.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on UEC. Roth Mkm reiterated a “buy” rating and set a $10.25 target price (up previously from $9.75) on shares of Uranium Energy in a research report on Wednesday, October 23rd. HC Wainwright reiterated a “buy” rating and issued a $10.25 price objective on shares of Uranium Energy in a research note on Tuesday, September 24th.

Uranium Energy Stock Down 0.5 %

The firm has a fifty day moving average price of $6.54. The stock has a market cap of $3.51 billion, a price-to-earnings ratio of -71.08 and a beta of 1.84.

Uranium Energy (NYSEAMERICAN:UEC) last posted its quarterly earnings data on Thursday, September 26th. The basic materials company reported ($0.03) earnings per share (EPS) for the quarter. Sell-side analysts anticipate that Uranium Energy Corp. will post 0.09 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Franklin Resources Inc. grew its holdings in shares of Uranium Energy by 12.7% during the 3rd quarter. Franklin Resources Inc. now owns 22,245 shares of the basic materials company’s stock worth $138,000 after purchasing an additional 2,505 shares during the period. Tidal Investments LLC grew its stake in Uranium Energy by 11.1% during the third quarter. Tidal Investments LLC now owns 72,402 shares of the basic materials company’s stock worth $450,000 after buying an additional 7,220 shares during the period. Sanctuary Advisors LLC acquired a new stake in shares of Uranium Energy in the third quarter worth $288,000. Geode Capital Management LLC raised its stake in shares of Uranium Energy by 1.8% in the 3rd quarter. Geode Capital Management LLC now owns 9,083,449 shares of the basic materials company’s stock valued at $56,419,000 after acquiring an additional 159,921 shares during the period. Finally, Segra Capital Management LLC raised its stake in shares of Uranium Energy by 81.0% in the 3rd quarter. Segra Capital Management LLC now owns 4,036,529 shares of the basic materials company’s stock valued at $24,926,000 after acquiring an additional 1,806,529 shares during the period. 62.28% of the stock is owned by hedge funds and other 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.