Uranium Energy (NYSEAMERICAN:UEC) Trading 4.5% Higher

Uranium Energy Corp. (NYSEAMERICAN:UEC)’s stock price traded up 4.5% during trading on Tuesday . The company traded as high as $6.49 and last traded at $6.49. 298,099 shares changed hands during trading, a decline of 96% from the average session volume of 7,307,501 shares. The stock had previously closed at $6.21.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on UEC shares. HC Wainwright reiterated a “buy” rating and issued a $10.25 price target on shares of Uranium Energy in a research note on Tuesday, September 24th. Roth Mkm lifted their price target on shares of Uranium Energy from $9.00 to $9.50 and gave the company a “buy” rating in a research note on Wednesday, September 25th. One equities research analyst has rated the stock with a sell rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $10.31.

Uranium Energy Price Performance

The business’s 50 day moving average is $6.44. The stock has a market capitalization of $2.67 billion, a price-to-earnings ratio of -219.67 and a beta of 1.84.

Uranium Energy (NYSEAMERICAN:UEC) last announced its quarterly earnings results on Thursday, September 26th. The basic materials company reported ($0.03) earnings per share (EPS) for the quarter. Uranium Energy had a negative net margin of 8.20% and a negative return on equity of 3.05%. Analysts anticipate that Uranium Energy Corp. will post 0.09 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO Amir Adnani acquired 60,000 shares of the stock in a transaction dated Friday, September 6th. The stock was bought at an average price of $4.10 per share, for a total transaction of $246,000.00. Following the purchase, the chief executive officer now directly owns 4,242,326 shares of the company’s stock, valued at approximately $17,393,536.60. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, CEO Amir Adnani acquired 60,000 shares of the firm’s stock in a transaction dated Friday, September 6th. The stock was purchased at an average price of $4.10 per share, for a total transaction of $246,000.00. Following the completion of the acquisition, the chief executive officer now directly owns 4,242,326 shares in the company, valued at approximately $17,393,536.60. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Scott Melbye purchased 9,500 shares of the firm’s stock in a transaction on 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 purchase, the executive vice president now directly owns 988,031 shares in the company, valued at approximately $4,129,969.58. The disclosure for this purchase can be found here. Insiders own 2.40% of the company’s stock.

Institutional Trading of Uranium Energy

Several institutional investors have recently made changes to their positions in UEC. Strategic Investment Solutions Inc. IL purchased a new stake in shares of Uranium Energy during the second quarter valued at approximately $26,000. Creative Planning increased its position in shares of Uranium Energy by 13.3% during the 2nd quarter. Creative Planning now owns 50,157 shares of the basic materials company’s stock valued at $301,000 after purchasing an additional 5,871 shares during the last quarter. Algert Global LLC bought a new stake in shares of Uranium Energy during the 2nd quarter worth $244,000. Clearline Capital LP purchased a new position in shares of Uranium Energy in the 2nd quarter worth about $466,000. Finally, Driehaus Capital Management LLC grew its position in Uranium Energy by 1.0% during the second quarter. Driehaus Capital Management LLC now owns 9,147,972 shares of the basic materials company’s stock valued at $54,979,000 after buying an additional 90,522 shares during the period. Institutional investors own 62.28% of the company’s stock.

Uranium Energy Company Profile

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.