National Bank Financial Begins Coverage on Uranium Energy (NYSEAMERICAN:UEC)

Equities researchers at National Bank Financial began coverage on shares of Uranium Energy (NYSEAMERICAN:UEC) in a research note issued on Wednesday, Marketbeat Ratings reports. The brokerage set an “outperform” rating and a $10.00 price target on the basic materials company’s stock. National Bank Financial’s target price suggests a potential upside of 43.27% from the company’s current price.

UEC has been the subject of several other research reports. HC Wainwright raised their price objective on shares of Uranium Energy from $10.25 to $11.00 and gave the stock a “buy” rating in a research note on Monday, December 9th. Roth Mkm reissued a “buy” rating and set a $10.25 price target (up from $9.75) on shares of Uranium Energy in a research note on Wednesday, October 23rd.

Uranium Energy Trading Down 1.1 %

Shares of UEC opened at $6.98 on Wednesday. The company has a fifty day moving average price of $6.64. The stock has a market capitalization of $2.95 billion, a P/E ratio of -58.17 and a beta of 1.88. Uranium Energy has a twelve month low of $4.06 and a twelve month high of $8.93.

Institutional Trading of Uranium Energy

Institutional investors and hedge funds have recently modified their holdings of the stock. Harbour Investments Inc. lifted its stake in Uranium Energy by 947.4% in the fourth quarter. Harbour Investments Inc. now owns 3,886 shares of the basic materials company’s stock worth $26,000 after acquiring an additional 3,515 shares during the period. GAMMA Investing LLC increased its position in Uranium Energy by 180.1% during the 4th quarter. GAMMA Investing LLC now owns 4,338 shares of the basic materials company’s stock valued at $29,000 after purchasing an additional 2,789 shares during the period. Farther Finance Advisors LLC raised its holdings in shares of Uranium Energy by 5,130.4% in the 3rd quarter. Farther Finance Advisors LLC now owns 4,812 shares of the basic materials company’s stock valued at $30,000 after purchasing an additional 4,720 shares in the last quarter. Generali Investments Management Co LLC purchased a new stake in shares of Uranium Energy in the 4th quarter worth approximately $30,000. Finally, Quintet Private Bank Europe S.A. bought a new position in shares of Uranium Energy during the third quarter valued at approximately $33,000. Institutional investors own 62.28% of the company’s stock.

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.