Uranium Energy (NYSEAMERICAN:UEC) Earns Buy Rating from HC Wainwright

Uranium Energy (NYSEAMERICAN:UEC)‘s stock had its “buy” rating reissued by research analysts at HC Wainwright in a research note issued to investors on Thursday,Benzinga reports. They currently have a $12.25 price target on the basic materials company’s stock. HC Wainwright’s price objective would suggest a potential upside of 141.14% from the company’s previous close.

Several other analysts also recently issued reports on the stock. National Bank Financial initiated coverage on shares of Uranium Energy in a research note on Wednesday, February 12th. They set an “outperform” rating and a $10.00 target price on the stock. Stifel Nicolaus initiated coverage on shares of Uranium Energy in a research note on Wednesday. They set a “buy” rating on the stock. National Bankshares set a $10.00 target price on shares of Uranium Energy and gave the company an “outperform” rating in a research note on Wednesday, February 12th. Finally, Stifel Canada raised shares of Uranium Energy to a “strong-buy” rating in a research note on Tuesday. Four investment analysts have rated the stock with a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Uranium Energy currently has an average rating of “Buy” and a consensus target price of $10.63.

Uranium Energy Price Performance

Shares of NYSEAMERICAN:UEC opened at $5.08 on Thursday. Uranium Energy has a 12 month low of $4.06 and a 12 month high of $8.93. The stock has a market cap of $2.15 billion, a price-to-earnings ratio of -42.33 and a beta of 1.88. The stock’s 50 day moving average price is $6.68 and its 200 day moving average price is $6.90.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in UEC. Norges Bank acquired a new position in Uranium Energy in the fourth quarter worth about $100,773,000. JPMorgan Chase & Co. raised its position in Uranium Energy by 45.9% in the fourth quarter. JPMorgan Chase & Co. now owns 15,842,713 shares of the basic materials company’s stock worth $105,988,000 after purchasing an additional 4,982,949 shares in the last quarter. Ameriprise Financial Inc. raised its position in Uranium Energy by 239.4% in the fourth quarter. Ameriprise Financial Inc. now owns 6,731,148 shares of the basic materials company’s stock worth $45,036,000 after purchasing an additional 4,748,138 shares in the last quarter. Driehaus Capital Management LLC raised its position in Uranium Energy by 52.2% in the fourth quarter. Driehaus Capital Management LLC now owns 9,499,842 shares of the basic materials company’s stock worth $63,554,000 after purchasing an additional 3,259,704 shares in the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new position in Uranium Energy in the third quarter worth about $12,643,000. 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.