Uranium Energy’s (UEC) “Buy” Rating Reaffirmed at Roth Mkm

Roth Mkm reaffirmed their buy rating on shares of Uranium Energy (NYSEAMERICAN:UEC) in a report released on Wednesday, Benzinga reports. The firm currently has a $10.25 target price on the basic materials company’s stock, up from their previous target price of $9.75.

Separately, HC Wainwright reiterated a “buy” rating and issued a $10.25 price objective on shares of Uranium Energy in a research report on Tuesday, September 24th.

Uranium Energy Stock Performance

Shares of UEC stock opened at $7.73 on Wednesday. The firm has a market capitalization of $3.18 billion, a P/E ratio of -128.81 and a beta of 1.84. The company has a 50 day moving average of $6.36. Uranium Energy has a 52 week low of $4.06 and a 52 week high of $8.67.

Uranium Energy (NYSEAMERICAN:UEC) last issued its quarterly earnings data on Thursday, September 26th. The basic materials company reported ($0.03) EPS for the quarter. Uranium Energy had a negative return on equity of 4.98% and a negative net margin of 8.20%. As a group, analysts anticipate that Uranium Energy will post 0.09 earnings per share for the current fiscal year.

Insider Transactions at Uranium Energy

In related news, CEO Amir Adnani acquired 60,000 shares of the business’s stock in a transaction that occurred on Friday, September 6th. The shares were acquired at an average cost of $4.10 per share, for a total transaction of $246,000.00. Following the completion of the purchase, the chief executive officer now directly owns 4,242,326 shares in the company, valued at $17,393,536.60. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, CEO Amir Adnani acquired 60,000 shares of the company’s stock in a transaction dated Friday, September 6th. The shares were bought at an average price of $4.10 per share, with a total value of $246,000.00. Following the purchase, the chief executive officer now owns 4,242,326 shares of the company’s stock, valued at approximately $17,393,536.60. This represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Scott Melbye purchased 9,500 shares of the company’s stock in a transaction on Friday, September 6th. The stock was acquired at an average price of $4.18 per share, for a total transaction of $39,710.00. Following the completion of the transaction, the executive vice president now owns 988,031 shares of the company’s stock, valued at $4,129,969.58. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 2.40% of the company’s stock.

Institutional Trading of Uranium Energy

A number of large investors have recently added to or reduced their stakes in UEC. MMCAP International Inc. SPC increased its holdings in shares of Uranium Energy by 17.0% in the first quarter. MMCAP International Inc. SPC now owns 29,610,903 shares of the basic materials company’s stock valued at $199,874,000 after buying an additional 4,306,240 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Uranium Energy by 2.4% during the first quarter. Vanguard Group Inc. now owns 22,761,516 shares of the basic materials company’s stock worth $153,640,000 after purchasing an additional 538,703 shares during the period. Driehaus Capital Management LLC lifted its holdings in shares of Uranium Energy by 1.0% during the second quarter. Driehaus Capital Management LLC now owns 9,147,972 shares of the basic materials company’s stock valued at $54,979,000 after purchasing an additional 90,522 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Uranium Energy by 18.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 5,954,561 shares of the basic materials company’s stock valued at $35,786,000 after purchasing an additional 947,773 shares during the period. Finally, Victory Capital Management Inc. increased its stake in Uranium Energy by 33.8% in the 2nd quarter. Victory Capital Management Inc. now owns 3,511,245 shares of the basic materials company’s stock worth $21,103,000 after purchasing an additional 886,445 shares in the last quarter. 62.28% of the stock is currently owned by institutional investors.

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.