Analysts Set Uranium Energy Corp. (NYSEAMERICAN:UEC) Price Target at $10.60

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

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

Uranium Energy Price Performance

Shares of UEC stock opened at $4.68 on Monday. The company has a market cap of $1.98 billion, a P/E ratio of -39.00 and a beta of 1.88. The stock’s 50-day moving average is $5.58 and its 200 day moving average is $6.61. Uranium Energy has a 1-year low of $3.85 and a 1-year high of $8.93.

Institutional Trading of Uranium Energy

A number of hedge funds and other institutional investors have recently modified their holdings of UEC. Harbour Investments Inc. lifted its position 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 buying an additional 3,515 shares during the last quarter. Versant Capital Management Inc bought a new stake in Uranium Energy in the first quarter worth about $27,000. GAMMA Investing LLC boosted its holdings in Uranium Energy by 180.1% during the fourth quarter. GAMMA Investing LLC now owns 4,338 shares of the basic materials company’s stock worth $29,000 after buying an additional 2,789 shares in the last quarter. Generali Investments Management Co LLC bought a new stake in shares of Uranium Energy during the 4th quarter worth $30,000. Finally, National Bank of Canada FI increased its stake in Uranium Energy by 29.7% in the 3rd quarter. National Bank of Canada FI now owns 7,485 shares of the basic materials company’s stock worth $46,000 after purchasing an additional 1,713 shares in the last quarter. 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.