Uranium Energy (NYSEAMERICAN:UEC) Given a $10.00 Price Target by National Bankshares Analysts

Uranium Energy (NYSEAMERICAN:UEC) received a $10.00 target price from equities researchers at National Bankshares in a research report issued to clients and investors on Wednesday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the basic materials company’s stock. National Bankshares’ target price would suggest a potential upside of 43.27% from the stock’s current price.

Several other equities research analysts also recently weighed in on UEC. National Bank Financial started coverage on shares of Uranium Energy in a research note on Wednesday. They set an “outperform” rating and a $10.00 target price on the stock. Roth Mkm reaffirmed a “buy” rating and set a $10.25 price objective (up previously from $9.75) on shares of Uranium Energy in a research report on Wednesday, October 23rd. Finally, HC Wainwright upped their price target on Uranium Energy from $10.25 to $11.00 and gave the stock a “buy” rating in a report on Monday, December 9th.

Uranium Energy Price Performance

Shares of NYSEAMERICAN:UEC opened at $6.98 on Wednesday. The stock has a market capitalization of $2.95 billion, a price-to-earnings ratio of -58.17 and a beta of 1.88. Uranium Energy has a 1 year low of $4.06 and a 1 year high of $8.93. The stock’s 50-day simple moving average is $6.64.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Harbour Investments Inc. grew its holdings in shares of Uranium Energy by 947.4% during the fourth quarter. Harbour Investments Inc. now owns 3,886 shares of the basic materials company’s stock worth $26,000 after purchasing an additional 3,515 shares during the last quarter. GAMMA Investing LLC grew its stake in Uranium Energy by 180.1% during 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. Farther Finance Advisors LLC grew its stake in Uranium Energy by 5,130.4% during the 3rd quarter. Farther Finance Advisors LLC now owns 4,812 shares of the basic materials company’s stock worth $30,000 after buying an additional 4,720 shares during the last quarter. Generali Investments Management Co LLC acquired a new position in Uranium Energy during the fourth quarter worth approximately $30,000. Finally, Quintet Private Bank Europe S.A. purchased a new stake in Uranium Energy in the third quarter valued at approximately $33,000. 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.