Uranium Energy (NYSEAMERICAN:UEC) Shares Gap Up – What’s Next?

Uranium Energy Corp. (NYSEAMERICAN:UEC) gapped up prior to trading on Wednesday . The stock had previously closed at $5.06, but opened at $5.51. Uranium Energy shares last traded at $5.28, with a volume of 1,892,686 shares trading hands.

Wall Street Analysts Forecast Growth

UEC has been the subject of a number of recent analyst reports. National Bankshares set a $10.00 target price on Uranium Energy and gave the company an “outperform” rating in a report on Wednesday, February 12th. National Bank Financial initiated 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. Stifel Nicolaus started coverage on Uranium Energy in a report on Wednesday. They issued a “buy” rating on the stock. Finally, HC Wainwright upped their price objective on shares of Uranium Energy from $10.25 to $11.00 and gave the stock a “buy” rating in a research report on Monday, December 9th. Four investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $10.31.

Uranium Energy Stock Performance

The business’s 50 day simple moving average is $6.77. The stock has a market capitalization of $2.17 billion, a price-to-earnings ratio of -42.68 and a beta of 1.88.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Uranium Energy during the fourth quarter valued at about $9,100,000. Polar Asset Management Partners Inc. bought a new position in Uranium Energy during the 4th quarter worth approximately $2,415,000. Neo Ivy Capital Management purchased a new position in Uranium Energy in the 4th quarter worth approximately $2,288,000. Delta Investment Management LLC bought a new stake in Uranium Energy in the fourth quarter valued at approximately $118,000. Finally, Vanguard Capital Wealth Advisors boosted its position in Uranium Energy by 19.1% during the 4th quarter. Vanguard Capital Wealth Advisors now owns 89,900 shares of the basic materials company’s stock valued at $601,000 after buying an additional 14,400 shares during the period. 62.28% of the stock is owned by hedge funds and other institutional investors.

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.