Analysts Set Uranium Energy Corp. (NYSEAMERICAN:UEC) PT at $10.60

Uranium Energy Corp. (NYSEAMERICAN:UEC) has received a consensus rating of “Buy” from the six brokerages that are covering the firm, Marketbeat reports. Four research analysts have rated the stock with a buy rating and two have issued a strong buy rating on the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $10.60.

Several equities analysts recently commented on the company. National Bank Financial assumed coverage on Uranium Energy in a research report on Wednesday, February 12th. They set an “outperform” rating and a $10.00 target price for the company. Stifel Nicolaus set a $10.50 price target on Uranium Energy in a research report on Wednesday, March 12th. HC Wainwright restated a “buy” rating and issued a $12.25 price objective on shares of Uranium Energy in a research 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. Finally, National Bankshares set a $10.00 price target on shares of Uranium Energy and gave the stock an “outperform” rating in a research note on Wednesday, February 12th.

Institutional Investors Weigh In On Uranium Energy

A number of institutional investors have recently made changes to their positions in UEC. Stonehage Fleming Financial Services Holdings Ltd boosted its holdings in Uranium Energy by 21.1% during the 4th quarter. Stonehage Fleming Financial Services Holdings Ltd now owns 7,870 shares of the basic materials company’s stock valued at $53,000 after acquiring an additional 1,370 shares during the period. Integrated Wealth Concepts LLC lifted its position in Uranium Energy by 4.4% in the third quarter. Integrated Wealth Concepts LLC now owns 36,773 shares of the basic materials company’s stock valued at $228,000 after purchasing an additional 1,560 shares during the last quarter. US Bancorp DE boosted its stake in shares of Uranium Energy by 7.7% during the fourth quarter. US Bancorp DE now owns 22,300 shares of the basic materials company’s stock valued at $149,000 after purchasing an additional 1,600 shares during the period. Arizona State Retirement System boosted its stake in shares of Uranium Energy by 1.4% during the fourth quarter. Arizona State Retirement System now owns 119,397 shares of the basic materials company’s stock valued at $799,000 after purchasing an additional 1,692 shares during the period. Finally, Sei Investments Co. grew its holdings in shares of Uranium Energy by 9.7% in the fourth quarter. Sei Investments Co. now owns 19,381 shares of the basic materials company’s stock worth $130,000 after purchasing an additional 1,710 shares during the last quarter. Hedge funds and other institutional investors own 62.28% of the company’s stock.

Uranium Energy Price Performance

Shares of NYSEAMERICAN:UEC opened at $4.42 on Monday. The company has a market cap of $1.87 billion, a price-to-earnings ratio of -36.83 and a beta of 1.88. Uranium Energy has a one year low of $3.85 and a one year high of $8.93. The firm has a fifty day moving average price of $5.68 and a two-hundred day moving average price of $6.64.

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.