Uranium Energy (NYSEAMERICAN:UEC) Upgraded at Stifel Canada

Stifel Canada upgraded shares of Uranium Energy (NYSEAMERICAN:UEC) to a strong-buy rating in a research note released on Tuesday,Zacks.com reports.

Several other brokerages have also recently issued reports on UEC. National Bank Financial started coverage on Uranium Energy in a research report on Wednesday, February 12th. They issued an “outperform” rating and a $10.00 price target on the stock. HC Wainwright boosted their target price on Uranium Energy from $10.25 to $11.00 and gave the stock a “buy” rating in a research report on Monday, December 9th. National Bankshares set a $10.00 target price on Uranium Energy and gave the stock an “outperform” rating in a research report on Wednesday, February 12th. Finally, Stifel Nicolaus initiated coverage on Uranium Energy in a research report on Wednesday. They set a “buy” rating on the stock. Four investment analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, Uranium Energy currently has a consensus rating of “Buy” and a consensus target price of $10.63.

Uranium Energy Price Performance

Shares of UEC stock opened at $5.19 on Tuesday. The firm has a market cap of $2.20 billion, a PE ratio of -43.25 and a beta of 1.88. Uranium Energy has a 52-week low of $4.06 and a 52-week high of $8.93. The firm has a 50-day moving average of $6.72.

Institutional Investors Weigh In On Uranium Energy

Several institutional investors have recently modified their holdings of UEC. Harbour Investments Inc. boosted its stake in shares of Uranium Energy by 947.4% during the 4th quarter. Harbour Investments Inc. now owns 3,886 shares of the basic materials company’s stock worth $26,000 after acquiring an additional 3,515 shares in the last quarter. GAMMA Investing LLC lifted its stake in Uranium Energy by 180.1% in the 4th quarter. GAMMA Investing LLC now owns 4,338 shares of the basic materials company’s stock valued at $29,000 after buying an additional 2,789 shares in the last quarter. Farther Finance Advisors LLC lifted its stake in 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 buying an additional 4,720 shares in the last quarter. Generali Investments Management Co LLC purchased a new stake in Uranium Energy in the 4th quarter valued at approximately $30,000. Finally, BNP Paribas purchased a new stake in Uranium Energy in the 3rd quarter valued at approximately $38,000. Hedge funds and other institutional investors own 62.28% of the company’s stock.

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.