Uranium Energy Corp. (NYSEAMERICAN:UEC) Given Average Recommendation of “Buy” by Brokerages

Uranium Energy Corp. (NYSEAMERICAN:UEC) has been assigned an average recommendation of “Buy” from the six research firms that are covering the stock, Marketbeat.com reports. Four investment analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $10.63.

UEC has been the topic of several recent research reports. HC Wainwright reaffirmed a “buy” rating and issued a $12.25 price target on shares of Uranium Energy in a report on Thursday, March 13th. Stifel Canada raised shares of Uranium Energy to a “strong-buy” rating in a research note on Tuesday, March 11th. Stifel Nicolaus started coverage on shares of Uranium Energy in a research note on Wednesday, March 12th. They set a “buy” rating on the stock. National Bankshares set a $10.00 target price on shares of Uranium Energy and gave the stock an “outperform” rating in a research note on Wednesday, February 12th. Finally, National Bank Financial started coverage on shares of Uranium Energy in a research note on Wednesday, February 12th. They set an “outperform” rating and a $10.00 target price on the stock.

Uranium Energy Stock Performance

NYSEAMERICAN:UEC opened at $5.52 on Thursday. Uranium Energy has a one year low of $4.06 and a one year high of $8.93. The firm has a market cap of $2.34 billion, a price-to-earnings ratio of -46.00 and a beta of 1.88. The firm’s fifty day moving average is $6.61 and its two-hundred day moving average is $6.88.

Institutional Trading of Uranium Energy

Hedge funds and other institutional investors have recently modified their holdings of the stock. Harbour Investments Inc. increased its stake in shares of Uranium Energy by 947.4% in the 4th 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 last quarter. GAMMA Investing LLC grew its holdings in shares of Uranium Energy by 180.1% during the 4th quarter. GAMMA Investing LLC now owns 4,338 shares of the basic materials company’s stock worth $29,000 after purchasing an additional 2,789 shares during the period. Generali Investments Management Co LLC purchased a new position in shares of Uranium Energy during the 4th quarter worth $30,000. Farther Finance Advisors LLC grew its holdings in shares of Uranium Energy by 5,130.4% during 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 position in shares of Uranium Energy during the 3rd quarter worth $38,000. 62.28% of the stock is owned by institutional investors and hedge funds.

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.