Stock Traders Purchase High Volume of Uranium Energy Call Options (NYSEAMERICAN:UEC)

Uranium Energy Corp. (NYSEAMERICAN:UEC) was the recipient of some unusual options trading activity on Tuesday. Investors acquired 38,631 call options on the stock. This represents an increase of approximately 144% compared to the average volume of 15,833 call options.

Uranium Energy Trading Up 7.1%

Uranium Energy stock traded up $0.70 during trading on Tuesday, hitting $10.68. 6,553,458 shares of the company were exchanged, compared to its average volume of 10,047,248. The company has a market capitalization of $5.28 billion, a P/E ratio of -88.88 and a beta of 1.22. The business’s 50 day moving average is $11.04 and its 200 day moving average is $13.64. Uranium Energy has a 52 week low of $8.90 and a 52 week high of $20.34.

Uranium Energy (NYSEAMERICAN:UEC) last posted its quarterly earnings data on Tuesday, June 9th. The basic materials company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.04). Equities analysts expect that Uranium Energy will post -0.15 EPS for the current year.

Institutional Trading of Uranium Energy

A number of hedge funds have recently bought and sold shares of the business. Price T Rowe Associates Inc. MD increased its position in shares of Uranium Energy by 11.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 66,352,123 shares of the basic materials company’s stock valued at $774,995,000 after purchasing an additional 7,013,279 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Uranium Energy by 32.2% in the 4th quarter. Vanguard Group Inc. now owns 47,247,813 shares of the basic materials company’s stock worth $551,854,000 after buying an additional 11,521,597 shares during the last quarter. State Street Corp grew its position in Uranium Energy by 9.5% during the second quarter. State Street Corp now owns 23,046,686 shares of the basic materials company’s stock valued at $156,717,000 after buying an additional 2,000,516 shares during the period. Van ECK Associates Corp increased its holdings in Uranium Energy by 25.3% during the fourth quarter. Van ECK Associates Corp now owns 19,665,665 shares of the basic materials company’s stock worth $229,695,000 after buying an additional 3,969,046 shares during the last quarter. Finally, Alps Advisors Inc. raised its position in Uranium Energy by 16.3% in the fourth quarter. Alps Advisors Inc. now owns 17,462,284 shares of the basic materials company’s stock worth $203,959,000 after acquiring an additional 2,453,744 shares during the period. 62.28% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. HC Wainwright reaffirmed a “buy” rating and issued a $26.75 target price on shares of Uranium Energy in a research report on Wednesday, June 10th. The Goldman Sachs Group reiterated a “buy” rating and issued a $16.00 price target on shares of Uranium Energy in a report on Tuesday, June 9th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Uranium Energy has a consensus rating of “Moderate Buy” and an average target price of $17.41.

About Uranium Energy

Uranium Energy Corp. is a uranium mining and exploration company focused on the development and production of uranium through in-situ recovery (ISR) methods. The company’s core activities include operating ISR projects, advancing exploration properties, and engaging in joint ventures to secure uranium supply for nuclear power generation. Uranium Energy’s approach emphasizes environmentally conscious extraction techniques that minimize land disturbance and water usage compared with conventional mining.

The company’s primary producing asset is the Hobson ISR facility in South Texas, which commenced production to supply uranium concentrate to nuclear utilities.