Uranium Energy (NYSEAMERICAN:UEC) Shares Gap Up to $5.32

Uranium Energy Corp. (NYSEAMERICAN:UEC)’s stock price gapped up prior to trading on Friday . The stock had previously closed at $5.32, but opened at $5.65. Uranium Energy shares last traded at $5.61, with a volume of 2,136,125 shares changing hands.

Analysts Set New Price Targets

A number of research analysts recently issued reports on UEC shares. HC Wainwright reaffirmed a “buy” rating and issued a $10.25 price target on shares of Uranium Energy in a report on Wednesday, August 14th. Roth Mkm restated a “buy” rating and issued a $9.00 price objective on shares of Uranium Energy in a research report on Wednesday, August 14th. One investment analyst has rated the stock with a sell rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $10.19.

Uranium Energy Trading Up 6.8 %

The business has a 50 day simple moving average of $6.50. The firm has a market capitalization of $2.32 billion, a price-to-earnings ratio of -187.00 and a beta of 1.84.

Insider Buying and Selling

In other news, EVP Scott Melbye purchased 9,500 shares of the business’s stock in a transaction dated Friday, September 6th. The shares were bought at an average cost of $4.18 per share, for a total transaction of $39,710.00. Following the completion of the acquisition, the executive vice president now directly owns 988,031 shares in the company, valued at approximately $4,129,969.58. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. In other Uranium Energy news, CEO Amir Adnani purchased 60,000 shares of the stock in a transaction on Friday, September 6th. The shares were purchased at an average cost of $4.10 per share, for a total transaction of $246,000.00. Following the purchase, the chief executive officer now owns 4,242,326 shares of the company’s stock, valued at $17,393,536.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Scott Melbye acquired 9,500 shares of Uranium Energy stock in a transaction dated Friday, September 6th. The shares were acquired at an average price of $4.18 per share, with a total value of $39,710.00. Following the completion of the purchase, the executive vice president now owns 988,031 shares in the company, valued at $4,129,969.58. The disclosure for this purchase can be found here. 2.40% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Uranium Energy

Several large investors have recently made changes to their positions in UEC. Norges Bank acquired a new stake in shares of Uranium Energy in the fourth quarter valued at approximately $96,000,000. MMCAP International Inc. SPC boosted its position in Uranium Energy by 17.0% during the first quarter. MMCAP International Inc. SPC now owns 29,610,903 shares of the basic materials company’s stock worth $199,874,000 after purchasing an additional 4,306,240 shares during the period. Fourth Sail Capital LP bought a new position in Uranium Energy during the first quarter worth $12,695,000. Rokos Capital Management LLP acquired a new position in shares of Uranium Energy in the first quarter valued at $10,396,000. Finally, American Century Companies Inc. raised its position in shares of Uranium Energy by 961.2% in the second quarter. American Century Companies Inc. now owns 1,400,076 shares of the basic materials company’s stock valued at $8,414,000 after purchasing an additional 1,268,141 shares during the period. Institutional investors and hedge funds 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.