Uranium Energy’s (UEC) “Buy” Rating Reiterated at Roth Capital

Uranium Energy (NYSEAMERICAN:UEC)‘s stock had its “buy” rating reaffirmed by investment analysts at Roth Capital in a research note issued on Thursday,Benzinga reports. They currently have a $16.00 price target on the basic materials company’s stock. Roth Capital’s target price suggests a potential upside of 14.00% from the stock’s previous close.

A number of other equities research analysts also recently issued reports on UEC. HC Wainwright increased their price target on Uranium Energy from $12.75 to $19.75 and gave the stock a “buy” rating in a research report on Thursday, September 25th. TD Securities upped their price target on shares of Uranium Energy from $8.00 to $13.00 and gave the stock a “buy” rating in a report on Friday, August 15th. Stifel Canada raised Uranium Energy to a “strong-buy” rating in a research note on Friday, October 3rd. BMO Capital Markets reissued a “market perform” rating and issued a $14.00 price target (up previously from $7.75) on shares of Uranium Energy in a research note on Thursday, September 25th. Finally, Stifel Nicolaus began coverage on shares of Uranium Energy in a research report on Monday, October 6th. They set a “buy” rating and a $10.50 price target on the stock. Two investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, Uranium Energy currently has a consensus rating of “Buy” and a consensus target price of $14.19.

Uranium Energy Trading Up 8.6%

Shares of NYSEAMERICAN:UEC traded up $1.12 on Thursday, hitting $14.04. The company had a trading volume of 4,985,243 shares, compared to its average volume of 12,131,053. Uranium Energy has a 1-year low of $3.85 and a 1-year high of $17.80. The stock has a market cap of $6.78 billion, a price-to-earnings ratio of -82.60 and a beta of 1.35. The stock has a 50 day moving average price of $13.33 and a 200 day moving average price of $10.52.

Hedge Funds Weigh In On Uranium Energy

Institutional investors and hedge funds have recently made changes to their positions in the business. Cetera Investment Advisers grew its holdings in Uranium Energy by 13.4% in the 1st quarter. Cetera Investment Advisers now owns 65,063 shares of the basic materials company’s stock worth $311,000 after acquiring an additional 7,679 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Uranium Energy by 0.3% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 3,420,671 shares of the basic materials company’s stock valued at $16,351,000 after purchasing an additional 11,542 shares during the period. Swiss National Bank boosted its position in shares of Uranium Energy by 1.3% during the first quarter. Swiss National Bank now owns 819,700 shares of the basic materials company’s stock valued at $3,918,000 after purchasing an additional 10,500 shares in the last quarter. Nuveen LLC purchased a new stake in shares of Uranium Energy in the 1st quarter worth about $5,099,000. Finally, Russell Investments Group Ltd. lifted its holdings in shares of Uranium Energy by 3,198.9% during the first quarter. Russell Investments Group Ltd. now owns 11,546 shares of the basic materials company’s stock valued at $55,000 after purchasing an additional 11,196 shares during the last quarter. Institutional investors own 62.28% of the company’s stock.

Uranium Energy Company Profile

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.