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

Shares of Uranium Energy Corp. (NYSEAMERICAN:UEC) have received a consensus recommendation of “Buy” from the six ratings firms that are covering the firm, Marketbeat.com reports. Four research analysts have rated the stock with a buy recommendation and two have issued a strong buy recommendation on the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $10.60.

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

Institutional Trading of Uranium Energy

Several hedge funds have recently made changes to their positions in UEC. Barclays PLC lifted its position in shares of Uranium Energy by 394.5% during the third quarter. Barclays PLC now owns 697,045 shares of the basic materials company’s stock worth $4,329,000 after purchasing an additional 556,081 shares in the last quarter. Ballentine Partners LLC lifted its position in shares of Uranium Energy by 11.7% during the fourth quarter. Ballentine Partners LLC now owns 17,179 shares of the basic materials company’s stock worth $115,000 after purchasing an additional 1,795 shares in the last quarter. Nisa Investment Advisors LLC lifted its position in shares of Uranium Energy by 50.5% during the fourth quarter. Nisa Investment Advisors LLC now owns 20,042 shares of the basic materials company’s stock worth $134,000 after purchasing an additional 6,723 shares in the last quarter. SG Americas Securities LLC lifted its position in shares of Uranium Energy by 107.6% during the fourth quarter. SG Americas Securities LLC now owns 351,233 shares of the basic materials company’s stock worth $2,350,000 after purchasing an additional 182,016 shares in the last quarter. Finally, Janney Montgomery Scott LLC increased its stake in shares of Uranium Energy by 22.8% during the fourth quarter. Janney Montgomery Scott LLC now owns 16,975 shares of the basic materials company’s stock worth $114,000 after buying an additional 3,150 shares during the period. Institutional investors and hedge funds own 62.28% of the company’s stock.

Uranium Energy Trading Down 2.0%

Shares of UEC opened at $5.89 on Tuesday. Uranium Energy has a 12-month low of $3.85 and a 12-month high of $8.93. The firm has a 50-day moving average price of $5.17 and a 200 day moving average price of $6.43. The firm has a market capitalization of $2.49 billion, a P/E ratio of -49.08 and a beta of 1.88.

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.