Uranium Energy’s (UEC) Buy Rating Reiterated at HC Wainwright

HC Wainwright reissued their buy rating on shares of Uranium Energy (NYSEAMERICAN:UEC) in a report published on Thursday,Benzinga reports. They currently have a $12.25 target price on the basic materials company’s stock.

Other analysts have also issued reports about the stock. National Bankshares set a $10.00 price target on shares of Uranium Energy and gave the stock an “outperform” rating in a research report on Wednesday, February 12th. Stifel Nicolaus assumed coverage on shares of Uranium Energy in a research note on Wednesday. They set a “buy” rating on the stock. Stifel Canada raised Uranium Energy to a “strong-buy” rating in a report on Tuesday, March 11th. Finally, National Bank Financial assumed coverage on shares of Uranium Energy in a research report on Wednesday, February 12th. They set an “outperform” rating and a $10.00 price target for the company. Four equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Uranium Energy has a consensus rating of “Buy” and a consensus target price of $10.63.

Uranium Energy Stock Performance

Shares of UEC opened at $5.08 on Thursday. The company has a market capitalization of $2.15 billion, a P/E ratio of -42.33 and a beta of 1.88. The stock has a 50-day moving average price of $6.64 and a 200 day moving average price of $6.89. Uranium Energy has a one year low of $4.06 and a one year high of $8.93.

Institutional Investors Weigh In On Uranium Energy

A number of hedge funds have recently added to or reduced their stakes in the company. Harbour Investments Inc. increased its stake in shares of 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 purchasing an additional 3,515 shares in the last quarter. GAMMA Investing LLC increased its stake in Uranium Energy by 180.1% in the fourth quarter. GAMMA Investing LLC now owns 4,338 shares of the basic materials company’s stock valued at $29,000 after acquiring an additional 2,789 shares during the last quarter. Generali Investments Management Co LLC bought a new position in Uranium Energy during the fourth quarter valued at approximately $30,000. Farther Finance Advisors LLC raised its position in 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 worth $30,000 after purchasing an additional 4,720 shares during the period. Finally, BNP Paribas purchased a new stake in Uranium Energy during the 3rd quarter valued at about $38,000. Institutional investors and hedge funds 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.