Uranium Energy Corp. (NYSEAMERICAN:UEC) Receives $10.31 Consensus PT from Analysts

Shares of Uranium Energy Corp. (NYSEAMERICAN:UEC) have been given a consensus recommendation of “Buy” by the six brokerages that are covering the firm, MarketBeat Ratings reports. Four analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $10.60.

A number of equities research analysts recently issued reports on UEC shares. Stifel Canada raised Uranium Energy to a “strong-buy” rating in a research report on Tuesday, March 11th. Stifel Nicolaus set a $10.50 target price on shares of Uranium Energy in a report on Wednesday, March 12th. HC Wainwright restated a “buy” rating and set a $12.25 price objective on shares of Uranium Energy in a research note on Thursday, March 13th. National Bank Financial started coverage on shares of Uranium Energy in a research note on Wednesday, February 12th. They set an “outperform” rating and a $10.00 price objective for the company. Finally, National Bankshares set a $10.00 target price on Uranium Energy and gave the stock an “outperform” rating in a research note on Wednesday, February 12th.

Hedge Funds Weigh In On Uranium Energy

A number of hedge funds have recently added to or reduced their stakes in the stock. US Bancorp DE increased its holdings in Uranium Energy by 62.0% in the 3rd quarter. US Bancorp DE now owns 20,700 shares of the basic materials company’s stock valued at $129,000 after buying an additional 7,923 shares during the period. Farther Finance Advisors LLC increased its stake in 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 acquiring an additional 4,720 shares during the last quarter. State of New Jersey Common Pension Fund D increased its stake in Uranium Energy by 46.5% in the third quarter. State of New Jersey Common Pension Fund D now owns 374,260 shares of the basic materials company’s stock valued at $2,324,000 after acquiring an additional 118,786 shares during the last quarter. Victory Capital Management Inc. increased its stake in Uranium Energy by 1.2% in the third quarter. Victory Capital Management Inc. now owns 3,554,149 shares of the basic materials company’s stock valued at $22,071,000 after acquiring an additional 42,904 shares during the last quarter. Finally, Lifeworks Advisors LLC bought a new position in Uranium Energy in the third quarter valued at approximately $85,000. Institutional investors own 62.28% of the company’s stock.

Uranium Energy Price Performance

UEC opened at $5.51 on Thursday. The business’s 50-day moving average price is $6.54 and its two-hundred day moving average price is $6.86. Uranium Energy has a 1 year low of $4.06 and a 1 year high of $8.93. The company has a market capitalization of $2.33 billion, a price-to-earnings ratio of -45.92 and a beta of 1.88.

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.