Uranium Energy Corp. (NYSEAMERICAN:UEC) Receives Average Recommendation of “Buy” from Analysts

Shares of Uranium Energy Corp. (NYSEAMERICAN:UEC) have received an average rating of “Buy” from the seven analysts that are covering the stock, MarketBeat.com reports. Five investment analysts have rated the stock with a buy rating and two have issued a strong buy rating on the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $10.13.

Several analysts have issued reports on UEC shares. HC Wainwright reissued a “buy” rating and issued a $12.25 price objective on shares of Uranium Energy in a research note on Thursday, March 13th. BMO Capital Markets began coverage on shares of Uranium Energy in a report on Tuesday, June 3rd. They set an “outperform” rating and a $7.75 price objective on the stock. Stifel Canada raised shares of Uranium Energy to a “strong-buy” rating in a report on Tuesday, March 11th. Finally, Stifel Nicolaus set a $10.50 price target on shares of Uranium Energy in a report on Wednesday, March 12th.

Institutional Investors Weigh In On Uranium Energy

Institutional investors and hedge funds have recently made changes to their positions in the stock. Rhumbline Advisers raised its position in shares of Uranium Energy by 3.3% in the first quarter. Rhumbline Advisers now owns 599,395 shares of the basic materials company’s stock worth $2,865,000 after acquiring an additional 19,416 shares during the period. Focus Partners Wealth increased its holdings in shares of Uranium Energy by 114.0% in the first quarter. Focus Partners Wealth now owns 36,427 shares of the basic materials company’s stock valued at $174,000 after purchasing an additional 19,407 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in Uranium Energy by 44.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,367,597 shares of the basic materials company’s stock worth $6,537,000 after buying an additional 423,994 shares in the last quarter. Caxton Associates LLP purchased a new position in Uranium Energy during the first quarter worth approximately $173,000. Finally, Teza Capital Management LLC purchased a new stake in shares of Uranium Energy in the 1st quarter valued at approximately $49,000. 62.28% of the stock is currently owned by institutional investors and hedge funds.

Uranium Energy Price Performance

Shares of NYSEAMERICAN UEC opened at $6.46 on Friday. The company has a market cap of $2.87 billion, a P/E ratio of -38.00 and a beta of 1.39. Uranium Energy has a 1 year low of $3.85 and a 1 year high of $8.93. The firm has a 50-day simple moving average of $5.71 and a two-hundred day simple moving average of $6.50.

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.