Uranium Energy (NYSEAMERICAN:UEC) Stock Price Expected to Rise, HC Wainwright Analyst Says

Uranium Energy (NYSEAMERICAN:UEC) had its price objective lifted by research analysts at HC Wainwright from $10.25 to $11.00 in a report released on Monday,Benzinga reports. The brokerage currently has a “buy” rating on the basic materials company’s stock. HC Wainwright’s target price would suggest a potential upside of 28.96% from the stock’s previous close.

Separately, Roth Mkm reaffirmed a “buy” rating and issued a $10.25 price objective (up from $9.75) on shares of Uranium Energy in a research report on Wednesday, October 23rd.

Uranium Energy Price Performance

Shares of UEC opened at $8.53 on Monday. The stock has a 50 day simple moving average of $6.54. Uranium Energy has a fifty-two week low of $4.06 and a fifty-two week high of $8.93. The stock has a market cap of $3.61 billion, a PE ratio of -71.08 and a beta of 1.84.

Uranium Energy (NYSEAMERICAN:UEC) last announced its earnings results on Thursday, September 26th. The basic materials company reported ($0.03) earnings per share (EPS) for the quarter. On average, equities analysts expect that Uranium Energy will post 0.09 earnings per share for the current fiscal year.

Institutional Trading of Uranium Energy

Several institutional investors and hedge funds have recently bought and sold shares of UEC. Van ECK Associates Corp grew its holdings in Uranium Energy by 78.0% during the third quarter. Van ECK Associates Corp now owns 4,956,971 shares of the basic materials company’s stock worth $30,783,000 after acquiring an additional 2,171,468 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new stake in Uranium Energy in the 3rd quarter worth approximately $12,643,000. Segra Capital Management LLC grew its stake in shares of Uranium Energy by 81.0% during the 3rd quarter. Segra Capital Management LLC now owns 4,036,529 shares of the basic materials company’s stock worth $24,926,000 after purchasing an additional 1,806,529 shares during the period. The Manufacturers Life Insurance Company increased its holdings in shares of Uranium Energy by 712.5% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 1,821,256 shares of the basic materials company’s stock valued at $11,310,000 after purchasing an additional 1,597,108 shares in the last quarter. Finally, American Century Companies Inc. lifted its stake in shares of Uranium Energy by 961.2% in the 2nd 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. 62.28% of the stock is currently owned by institutional investors and hedge funds.

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.