Uranium Energy (NYSEAMERICAN:UEC) Trading 6% Higher – Here’s What Happened

Uranium Energy Corp. (NYSEAMERICAN:UEC)’s stock price was up 6% during trading on Monday . The stock traded as high as $5.41 and last traded at $5.39. Approximately 649,251 shares changed hands during mid-day trading, a decline of 92% from the average daily volume of 7,747,881 shares. The stock had previously closed at $5.08.

Analyst Ratings Changes

UEC has been the topic of a number of research reports. Stifel Canada upgraded shares of Uranium Energy to a “strong-buy” rating in a research report on Tuesday, March 11th. National Bankshares set a $10.00 price objective on shares of Uranium Energy and gave the stock an “outperform” rating in a research note on Wednesday, February 12th. HC Wainwright reaffirmed a “buy” rating and set a $12.25 target price on shares of Uranium Energy in a research report on Thursday. National Bank Financial began coverage on Uranium Energy in a research report on Wednesday, February 12th. They issued an “outperform” rating and a $10.00 price target on the stock. Finally, Stifel Nicolaus initiated coverage on Uranium Energy in a research note on Wednesday, March 12th. They issued a “buy” rating for the company. Four research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $10.63.

Uranium Energy Stock Performance

The company has a market cap of $2.29 billion, a price-to-earnings ratio of -45.13 and a beta of 1.88. The stock’s fifty day moving average is $6.64 and its two-hundred day moving average is $6.89.

Institutional Investors Weigh In On Uranium Energy

Institutional investors have recently added to or reduced their stakes in the company. SG Americas Securities LLC increased its position in shares of Uranium Energy by 107.6% during the 4th quarter. SG Americas Securities LLC now owns 351,233 shares of the basic materials company’s stock valued at $2,350,000 after purchasing an additional 182,016 shares during the last quarter. Van ECK Associates Corp grew its position in Uranium Energy by 33.2% during the fourth quarter. Van ECK Associates Corp now owns 6,602,890 shares of the basic materials company’s stock valued at $44,174,000 after buying an additional 1,645,919 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new stake in Uranium Energy during the third quarter worth about $12,643,000. Intech Investment Management LLC bought a new stake in Uranium Energy in the third quarter worth about $600,000. Finally, Barclays PLC raised its position in Uranium Energy by 394.5% in the third quarter. Barclays PLC now owns 697,045 shares of the basic materials company’s stock worth $4,329,000 after acquiring an additional 556,081 shares during the period. 62.28% of the stock is owned by 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.