Uranium Energy (NYSEAMERICAN:UEC) Given New $13.00 Price Target at TD Securities

Uranium Energy (NYSEAMERICAN:UEC) had its target price raised by TD Securities from $8.00 to $13.00 in a report issued on Friday morning,BayStreet.CA reports. TD Securities currently has a buy rating on the basic materials company’s stock.

Several other brokerages have also recently weighed in on UEC. BMO Capital Markets assumed coverage on shares of Uranium Energy in a research note on Tuesday, June 3rd. They issued an “outperform” rating and a $7.75 price objective on the stock. The Goldman Sachs Group upgraded shares of Uranium Energy to a “strong-buy” rating in a research note on Tuesday, August 12th. Finally, HC Wainwright increased their price objective on shares of Uranium Energy from $12.25 to $12.75 and gave the stock a “buy” rating in a research note on Wednesday, August 6th. Six investment analysts have rated the stock with a buy rating and three have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $10.91.

Uranium Energy Stock Up 4.6%

Shares of NYSEAMERICAN:UEC opened at $10.73 on Friday. The firm’s 50 day moving average price is $7.73 and its 200-day moving average price is $6.43. Uranium Energy has a twelve month low of $3.85 and a twelve month high of $10.88. The stock has a market capitalization of $4.77 billion, a PE ratio of -63.11 and a beta of 1.44.

Insider Buying and Selling

In other Uranium Energy news, Director David Kong sold 50,800 shares of the firm’s stock in a transaction that occurred on Wednesday, August 6th. The shares were sold at an average price of $9.62, for a total transaction of $488,696.00. Following the sale, the director owned 182,237 shares in the company, valued at approximately $1,753,119.94. This trade represents a 21.80% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.00% of the company’s stock.

Institutional Investors Weigh In On Uranium Energy

A number of institutional investors and hedge funds have recently added to or reduced their stakes in UEC. Versant Capital Management Inc bought a new stake in shares of Uranium Energy during the first quarter valued at approximately $27,000. IFP Advisors Inc raised its position in shares of Uranium Energy by 732.8% during the second quarter. IFP Advisors Inc now owns 3,981 shares of the basic materials company’s stock valued at $27,000 after buying an additional 3,503 shares during the last quarter. Operose Advisors LLC bought a new stake in shares of Uranium Energy during the second quarter valued at approximately $34,000. Farther Finance Advisors LLC raised its position in shares of Uranium Energy by 43.5% during the first quarter. Farther Finance Advisors LLC now owns 7,801 shares of the basic materials company’s stock valued at $36,000 after buying an additional 2,364 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Uranium Energy during the first quarter valued at approximately $36,000. Institutional investors 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.