Uranium Energy Corp. (NYSEAMERICAN:UEC) Receives Average Rating of “Buy” from Brokerages

Shares of Uranium Energy Corp. (NYSEAMERICAN:UEC) have received an average rating of “Buy” from the six ratings firms that are presently 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 twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $10.60.

UEC has been the subject of a number of recent research reports. Stifel Canada upgraded Uranium Energy to a “strong-buy” rating in a research note on Tuesday, March 11th. Stifel Nicolaus set a $10.50 price objective on shares of Uranium Energy in a report on Wednesday, March 12th. HC Wainwright reaffirmed a “buy” rating and issued a $12.25 target price on shares of Uranium Energy in a research note on Thursday, March 13th. National Bankshares set a $10.00 target price on Uranium Energy and gave the stock an “outperform” rating in a report on Wednesday, February 12th. Finally, 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 price target on the stock.

Institutional Investors Weigh In On Uranium Energy

Large investors have recently added to or reduced their stakes in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Uranium Energy by 1.5% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 29,230,344 shares of the basic materials company’s stock valued at $195,551,000 after purchasing an additional 423,233 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Uranium Energy by 2.5% during the fourth quarter. Vanguard Group Inc. now owns 25,862,079 shares of the basic materials company’s stock worth $173,017,000 after purchasing an additional 631,929 shares during the period. JPMorgan Chase & Co. grew its holdings in shares of Uranium Energy by 45.9% during the fourth quarter. JPMorgan Chase & Co. now owns 15,842,713 shares of the basic materials company’s stock valued at $105,988,000 after buying an additional 4,982,949 shares during the last quarter. Norges Bank bought a new stake in Uranium Energy during the 4th quarter worth approximately $100,773,000. Finally, Driehaus Capital Management LLC raised its position in Uranium Energy by 52.2% in the 4th quarter. Driehaus Capital Management LLC now owns 9,499,842 shares of the basic materials company’s stock valued at $63,554,000 after buying an additional 3,259,704 shares during the last quarter. Institutional investors and hedge funds own 62.28% of the company’s stock.

Uranium Energy Stock Performance

Shares of UEC stock opened at $4.68 on Monday. The company has a market capitalization of $1.98 billion, a price-to-earnings ratio of -39.00 and a beta of 1.88. Uranium Energy has a twelve month low of $3.85 and a twelve month high of $8.93. The stock’s 50 day simple moving average is $5.58 and its 200 day simple moving average is $6.61.

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.