Uranium Energy (NYSEAMERICAN:UEC) PT Raised to $9.50

Uranium Energy (NYSEAMERICAN:UEC) had its price objective increased by Roth Mkm from $9.00 to $9.50 in a report released on Wednesday, Benzinga reports. The firm presently has a “buy” rating on the basic materials company’s stock. Roth Mkm’s target price indicates a potential upside of 48.90% from the stock’s previous close.

Separately, HC Wainwright reiterated a “buy” rating and set a $10.25 price objective on shares of Uranium Energy in a research note on Tuesday. One research analyst has rated the stock with a sell rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $10.31.

Uranium Energy Price Performance

NYSEAMERICAN:UEC opened at $6.38 on Wednesday. The firm has a market capitalization of $2.61 billion, a price-to-earnings ratio of -212.67 and a beta of 1.84. Uranium Energy has a 12-month low of $4.06 and a 12-month high of $8.34. The business has a 50-day simple moving average of $6.44.

Insider Buying and Selling at Uranium Energy

In related news, CEO Amir Adnani acquired 60,000 shares of the stock in a transaction on Friday, September 6th. The stock was purchased at an average price of $4.10 per share, for a total transaction of $246,000.00. Following the transaction, the chief executive officer now owns 4,242,326 shares of the company’s stock, valued at approximately $17,393,536.60. The acquisition was disclosed in a filing with the SEC, which is available through this link. In other news, CEO Amir Adnani acquired 60,000 shares of the firm’s stock in a transaction on Friday, September 6th. The shares were purchased at an average cost of $4.10 per share, for a total transaction of $246,000.00. Following the transaction, the chief executive officer now owns 4,242,326 shares of the company’s stock, valued at $17,393,536.60. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Scott Melbye bought 9,500 shares of the stock in a transaction dated Friday, September 6th. The stock was purchased at an average cost of $4.18 per share, with a total value of $39,710.00. Following the completion of the purchase, the executive vice president now directly owns 988,031 shares in the company, valued at approximately $4,129,969.58. The disclosure for this purchase can be found here. Corporate insiders own 2.40% of the company’s stock.

Institutional Investors Weigh In On Uranium Energy

A number of institutional investors and hedge funds have recently modified their holdings of the business. UBS Group AG lifted its stake in shares of Uranium Energy by 35.7% in the 4th quarter. UBS Group AG now owns 996,345 shares of the basic materials company’s stock valued at $6,377,000 after purchasing an additional 262,262 shares during the period. ProShare Advisors LLC increased its stake in Uranium Energy by 10.6% in the first quarter. ProShare Advisors LLC now owns 69,268 shares of the basic materials company’s stock valued at $468,000 after purchasing an additional 6,643 shares in the last quarter. Vanguard Group Inc. increased its stake in Uranium Energy by 4.6% in the fourth quarter. Vanguard Group Inc. now owns 22,222,813 shares of the basic materials company’s stock valued at $142,226,000 after purchasing an additional 967,448 shares in the last quarter. MMCAP International Inc. SPC raised its stake in Uranium Energy by 18.1% during the 4th quarter. MMCAP International Inc. SPC now owns 25,304,663 shares of the basic materials company’s stock worth $160,558,000 after buying an additional 3,876,952 shares during the period. Finally, EP Wealth Advisors LLC bought a new position in Uranium Energy during the fourth quarter worth about $64,000. 62.28% of the stock is owned by institutional investors.

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.