Uranium Energy Corp. (NYSEAMERICAN:UEC – Get Free Report) traded up 6% on Monday . The stock traded as high as $5.41 and last traded at $5.39. 649,251 shares changed hands during trading, a decline of 92% from the average session volume of 7,747,881 shares. The stock had previously closed at $5.08.
Wall Street Analysts Forecast Growth
Several brokerages have issued reports on UEC. National Bankshares set a $10.00 target price on Uranium Energy and gave the company an “outperform” rating in a research note on Wednesday, February 12th. National Bank Financial assumed coverage on Uranium Energy in a report on Wednesday, February 12th. They issued an “outperform” rating and a $10.00 price objective for the company. Stifel Canada raised shares of Uranium Energy to a “strong-buy” rating in a report on Tuesday, March 11th. Stifel Nicolaus assumed coverage on shares of Uranium Energy in a research note on Wednesday, March 12th. They issued a “buy” rating for the company. Finally, HC Wainwright restated a “buy” rating and set a $12.25 price target on shares of Uranium Energy in a research note on Thursday. Four investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, Uranium Energy presently has an average rating of “Buy” and a consensus price target of $10.63.
Get Our Latest Stock Analysis on Uranium Energy
Uranium Energy Trading Up 6.6 %
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of the company. Victory Capital Management Inc. grew its holdings in shares of Uranium Energy by 1.2% during the third quarter. Victory Capital Management Inc. now owns 3,554,149 shares of the basic materials company’s stock worth $22,071,000 after purchasing an additional 42,904 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new stake in Uranium Energy in the third quarter valued at approximately $12,643,000. Intech Investment Management LLC bought a new stake in Uranium Energy during the third quarter valued at approximately $600,000. Charles Schwab Investment Management Inc. grew its stake in Uranium Energy by 2.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,320,496 shares of the basic materials company’s stock worth $20,620,000 after buying an additional 90,098 shares in the last quarter. Finally, The Manufacturers Life Insurance Company increased its holdings in shares of Uranium Energy by 712.5% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 1,821,256 shares of the basic materials company’s stock worth $11,310,000 after buying an additional 1,597,108 shares during the last quarter. 62.28% of the stock is owned by institutional investors.
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 ParanĂ¡ titanium projects in Paraguay.
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