Uranium Energy (NYSEAMERICAN:UEC) Coverage Initiated at National Bank Financial

Research analysts at National Bank Financial began coverage on shares of Uranium Energy (NYSEAMERICAN:UEC) in a report released on Wednesday, Marketbeat reports. The brokerage set an “outperform” rating and a $10.00 price target on the basic materials company’s stock. National Bank Financial’s price objective would indicate a potential upside of 43.27% from the company’s previous close.

Several other analysts also recently issued reports on UEC. Roth Mkm reissued a “buy” rating and set a $10.25 target price (up previously from $9.75) on shares of Uranium Energy in a research note on Wednesday, October 23rd. HC Wainwright increased their price objective on shares of Uranium Energy from $10.25 to $11.00 and gave the company a “buy” rating in a report on Monday, December 9th.

Uranium Energy Price Performance

Shares of UEC stock opened at $6.98 on Wednesday. The business has a fifty day simple moving average of $6.64. The stock has a market cap of $2.95 billion, a price-to-earnings ratio of -58.17 and a beta of 1.88. Uranium Energy has a 52-week low of $4.06 and a 52-week high of $8.93.

Institutional Investors Weigh In On Uranium Energy

Hedge funds have recently made changes to their positions in the company. Harbour Investments Inc. lifted its position in Uranium Energy by 947.4% during the fourth quarter. Harbour Investments Inc. now owns 3,886 shares of the basic materials company’s stock valued at $26,000 after purchasing an additional 3,515 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of Uranium Energy by 180.1% in the 4th quarter. GAMMA Investing LLC now owns 4,338 shares of the basic materials company’s stock worth $29,000 after buying an additional 2,789 shares during the last quarter. Generali Investments Management Co LLC purchased a new stake in shares of Uranium Energy during the 4th quarter valued at about $30,000. Farther Finance Advisors LLC lifted its holdings in shares of Uranium Energy by 5,130.4% in the 3rd quarter. Farther Finance Advisors LLC now owns 4,812 shares of the basic materials company’s stock valued at $30,000 after acquiring an additional 4,720 shares during the last quarter. Finally, Quintet Private Bank Europe S.A. purchased a new position in Uranium Energy in the third quarter worth about $33,000. 62.28% of the stock is currently 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.