Analysts Set Uranium Energy Corp. (NYSEAMERICAN:UEC) PT at $10.31

Uranium Energy Corp. (NYSEAMERICAN:UEC) has been given an average recommendation of “Buy” by the six analysts that are currently covering the stock, Marketbeat reports. Four investment analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $10.63.

A number of research firms have commented on UEC. HC Wainwright reissued a “buy” rating and set a $12.25 price target on shares of Uranium Energy in a report on Thursday. 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. Stifel Canada raised Uranium Energy to a “strong-buy” rating in a research note on Tuesday, March 11th. Stifel Nicolaus initiated coverage on Uranium Energy in a research note on Wednesday. They issued a “buy” rating on the stock. Finally, National Bank Financial started coverage on Uranium Energy in a research report on Wednesday, February 12th. They set an “outperform” rating and a $10.00 target price for the company.

Uranium Energy Stock Down 2.1 %

NYSEAMERICAN:UEC opened at $5.08 on Thursday. The business’s 50-day simple moving average is $6.64 and its two-hundred day simple moving average is $6.89. The stock has a market cap of $2.15 billion, a PE ratio of -42.33 and a beta of 1.88. Uranium Energy has a 52 week low of $4.06 and a 52 week high of $8.93.

Hedge Funds Weigh In On Uranium Energy

Institutional investors and hedge funds have recently modified their holdings of the stock. Harbour Investments Inc. boosted its holdings in shares of Uranium Energy by 947.4% in the 4th quarter. Harbour Investments Inc. now owns 3,886 shares of the basic materials company’s stock worth $26,000 after purchasing an additional 3,515 shares during the period. GAMMA Investing LLC boosted its holdings in shares of Uranium Energy by 180.1% in the 4th quarter. GAMMA Investing LLC now owns 4,338 shares of the basic materials company’s stock worth $29,000 after purchasing an additional 2,789 shares during the period. Generali Investments Management Co LLC purchased a new position in shares of Uranium Energy in the 4th quarter worth approximately $30,000. Farther Finance Advisors LLC boosted its holdings in shares of 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 worth $30,000 after purchasing an additional 4,720 shares during the period. Finally, BNP Paribas bought a new position in shares of Uranium Energy during the third 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.