Uranium Energy (NYSEAMERICAN:UEC) Coverage Initiated at Stifel Nicolaus

Stifel Nicolaus began coverage on shares of Uranium Energy (NYSEAMERICAN:UEC) in a report released on Wednesday, Marketbeat.com reports. The brokerage set a “buy” rating on the basic materials company’s stock.

Other equities analysts also recently issued research reports about the company. HC Wainwright increased their price target 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 Bank Financial started coverage on Uranium Energy in a research report on Wednesday, February 12th. They issued an “outperform” rating and a $10.00 target price on the stock. Finally, National Bankshares set a $10.00 target price on Uranium Energy and gave the company an “outperform” rating in a research report on Wednesday, February 12th. Four 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, the company has a consensus rating of “Buy” and an average price target of $10.63.

Uranium Energy Stock Up 1.2 %

Shares of UEC stock opened at $5.19 on Wednesday. The stock has a market capitalization of $2.20 billion, a P/E ratio of -43.25 and a beta of 1.88. The business’s 50 day simple moving average is $6.72. Uranium Energy has a 12-month low of $4.06 and a 12-month high of $8.93.

Institutional Investors Weigh In On Uranium Energy

Several hedge funds and other institutional investors have recently made changes to their positions in UEC. Harbour Investments Inc. increased its holdings in shares of Uranium Energy by 947.4% in 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 fourth quarter. GAMMA Investing LLC now owns 4,338 shares of the basic materials company’s stock valued at $29,000 after purchasing an additional 2,789 shares during the last quarter. Farther Finance Advisors LLC increased its holdings in shares of Uranium Energy by 5,130.4% in the third quarter. Farther Finance Advisors LLC now owns 4,812 shares of the basic materials company’s stock valued at $30,000 after purchasing an additional 4,720 shares during the last quarter. Generali Investments Management Co LLC acquired a new stake in shares of Uranium Energy in the fourth quarter valued at approximately $30,000. Finally, BNP Paribas acquired a new stake in shares of Uranium Energy in the third quarter valued at approximately $38,000. Institutional investors and hedge funds 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.