Stock Traders Buy Large Volume of Uranium Energy Call Options (NYSEAMERICAN:UEC)

Uranium Energy Corp. (NYSEAMERICAN:UEC) was the target of some unusual options trading on Monday. Stock traders bought 26,634 call options on the company. This is an increase of approximately 62% compared to the typical volume of 16,452 call options.

Uranium Energy Stock Up 7.0%

Shares of UEC traded up $0.77 during mid-day trading on Monday, hitting $11.80. 10,044,788 shares of the company’s stock traded hands, compared to its average volume of 10,348,334. Uranium Energy has a 1 year low of $5.90 and a 1 year high of $20.34. The firm has a market capitalization of $5.84 billion, a P/E ratio of -98.54 and a beta of 1.12. The business’s 50-day moving average price is $13.84 and its 200-day moving average price is $14.30.

Wall Street Analysts Forecast Growth

UEC has been the topic of several research analyst reports. Roth Mkm set a $17.00 target price on Uranium Energy in a research note on Wednesday, March 11th. TD Securities reduced their target price on Uranium Energy from $22.00 to $21.00 and set a “buy” rating on the stock in a research note on Wednesday, March 11th. HC Wainwright reissued a “buy” rating and set a $26.75 target price on shares of Uranium Energy in a research note on Wednesday, June 10th. Finally, The Goldman Sachs Group reissued a “buy” rating and set a $16.00 target price on shares of Uranium Energy in a research note on Tuesday, June 9th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, Uranium Energy presently has a consensus rating of “Moderate Buy” and a consensus price target of $17.41.

Institutional Investors Weigh In On Uranium Energy

Several hedge funds have recently made changes to their positions in the company. Price T Rowe Associates Inc. MD boosted its position in shares of Uranium Energy by 11.8% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 66,352,123 shares of the basic materials company’s stock valued at $774,995,000 after purchasing an additional 7,013,279 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Uranium Energy by 32.2% during the fourth quarter. Vanguard Group Inc. now owns 47,247,813 shares of the basic materials company’s stock valued at $551,854,000 after purchasing an additional 11,521,597 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Uranium Energy by 9.9% during the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 26,599,686 shares of the basic materials company’s stock valued at $354,847,000 after purchasing an additional 2,393,683 shares in the last quarter. State Street Corp boosted its position in shares of Uranium Energy by 9.5% during the second quarter. State Street Corp now owns 23,046,686 shares of the basic materials company’s stock valued at $156,717,000 after purchasing an additional 2,000,516 shares in the last quarter. Finally, Van ECK Associates Corp boosted its position in shares of Uranium Energy by 25.3% during the fourth quarter. Van ECK Associates Corp now owns 19,665,665 shares of the basic materials company’s stock valued at $229,695,000 after purchasing an additional 3,969,046 shares in the last quarter. 62.28% of the stock is currently owned by institutional investors.

About Uranium Energy

Uranium Energy Corp. is a uranium mining and exploration company focused on the development and production of uranium through in-situ recovery (ISR) methods. The company’s core activities include operating ISR projects, advancing exploration properties, and engaging in joint ventures to secure uranium supply for nuclear power generation. Uranium Energy’s approach emphasizes environmentally conscious extraction techniques that minimize land disturbance and water usage compared with conventional mining.

The company’s primary producing asset is the Hobson ISR facility in South Texas, which commenced production to supply uranium concentrate to nuclear utilities.