Analysts Set Uranium Energy Corp. (NYSEAMERICAN:UEC) PT at $16.75

Shares of Uranium Energy Corp. (NYSEAMERICAN:UEC) have received a consensus rating of “Moderate Buy” from the ten ratings firms that are currently covering the stock, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $16.75.

Several research analysts have weighed in on UEC shares. HC Wainwright reiterated a “buy” rating on shares of Uranium Energy in a research note on Wednesday, August 26th. Jefferies Financial Group started coverage on shares of Uranium Energy in a research note on Thursday, September 3rd. They set a “hold” rating and a $11.50 target price for the company. Finally, The Goldman Sachs Group restated a “buy” rating and set a $16.00 price target on shares of Uranium Energy in a report on Tuesday, June 9th.

Uranium Energy Price Performance

NYSEAMERICAN UEC opened at $10.08 on Monday. The company has a 50 day simple moving average of $10.87 and a 200-day simple moving average of $12.40. The firm has a market capitalization of $4.99 billion, a price-to-earnings ratio of -84.00 and a beta of 1.23. Uranium Energy has a 52-week low of $8.90 and a 52-week high of $20.34.

Institutional Trading of Uranium Energy

Institutional investors have recently bought and sold shares of the company. Sequoia Financial Advisors LLC grew its stake in Uranium Energy by 6.0% in the second quarter. Sequoia Financial Advisors LLC now owns 18,673 shares of the basic materials company’s stock valued at $199,000 after purchasing an additional 1,050 shares in the last quarter. Integrated Wealth Concepts LLC raised its stake in shares of Uranium Energy by 28.2% during the 2nd quarter. Integrated Wealth Concepts LLC now owns 66,655 shares of the basic materials company’s stock worth $711,000 after purchasing an additional 14,679 shares in the last quarter. NewEdge Advisors LLC raised its stake in shares of Uranium Energy by 49.9% during the 2nd quarter. NewEdge Advisors LLC now owns 30,133 shares of the basic materials company’s stock worth $321,000 after purchasing an additional 10,037 shares in the last quarter. Squarepoint Ops LLC raised its stake in shares of Uranium Energy by 117.8% during the 2nd quarter. Squarepoint Ops LLC now owns 28,589 shares of the basic materials company’s stock worth $305,000 after purchasing an additional 15,464 shares in the last quarter. Finally, Arizona State Retirement System lifted its holdings in shares of Uranium Energy by 1.8% during the 2nd quarter. Arizona State Retirement System now owns 135,266 shares of the basic materials company’s stock valued at $1,442,000 after buying an additional 2,407 shares during the last quarter. Institutional investors and hedge funds own 62.28% of the company’s stock.

About Uranium Energy

Uranium Energy Corp. (NYSE American: UEC) is a uranium mining and nuclear fuel company focused on the exploration, development and production of uranium in the United States and Canada. Its activities support the supply of uranium used to generate nuclear power.

The company’s U.S. portfolio includes in-situ recovery uranium projects and processing infrastructure in South Texas and Wyoming. Its South Texas operations include the Hobson Processing Facility and nearby well-field projects, while its Wyoming assets include the Irigaray Central Processing Plant and the Christensen Ranch project.