Roth Mkm Reiterates Buy Rating for Uranium Energy (NYSEAMERICAN:UEC)

Uranium Energy (NYSEAMERICAN:UEC)‘s stock had its “buy” rating reissued by research analysts at Roth Mkm in a report released on Wednesday, Benzinga reports. They presently have a $10.25 price objective on the basic materials company’s stock, up from their prior price objective of $9.75. Roth Mkm’s target price points to a potential upside of 29.17% from the company’s previous close.

Separately, HC Wainwright reaffirmed a “buy” rating and set a $10.25 price target on shares of Uranium Energy in a research report on Tuesday, September 24th.

Uranium Energy Trading Up 2.1 %

UEC stock opened at $7.94 on Wednesday. The business’s fifty day moving average price is $6.36. Uranium Energy has a 52 week low of $4.06 and a 52 week high of $8.67. The firm has a market cap of $3.26 billion, a P/E ratio of -132.23 and a beta of 1.84.

Uranium Energy (NYSEAMERICAN:UEC) last announced its quarterly earnings results on Thursday, September 26th. The basic materials company reported ($0.03) earnings per share for the quarter. Uranium Energy had a negative return on equity of 4.98% and a negative net margin of 8.20%. As a group, equities analysts forecast that Uranium Energy will post 0.09 earnings per share for the current year.

Insider Buying and Selling at Uranium Energy

In other news, EVP Scott Melbye acquired 9,500 shares of the firm’s stock in a transaction on Friday, September 6th. The stock was bought at an average cost of $4.18 per share, with a total value of $39,710.00. Following the transaction, the executive vice president now directly owns 988,031 shares in the company, valued at approximately $4,129,969.58. This represents a 0.00 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, CEO Amir Adnani purchased 60,000 shares of Uranium Energy stock in a transaction dated Friday, September 6th. The shares were acquired at an average price of $4.10 per share, with a total value of $246,000.00. Following the completion of the transaction, the chief executive officer now owns 4,242,326 shares of the company’s stock, valued at approximately $17,393,536.60. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Scott Melbye purchased 9,500 shares of Uranium Energy stock in a transaction dated Friday, September 6th. The shares were bought at an average cost of $4.18 per share, for a total transaction of $39,710.00. Following the transaction, the executive vice president now directly owns 988,031 shares of the company’s stock, valued at approximately $4,129,969.58. The trade was a 0.00 % increase in their position. The disclosure for this purchase can be found here. 2.40% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Uranium Energy

Several large investors have recently modified their holdings of the stock. MMCAP International Inc. SPC lifted its position in shares of Uranium Energy by 17.0% during the first quarter. MMCAP International Inc. SPC now owns 29,610,903 shares of the basic materials company’s stock worth $199,874,000 after purchasing an additional 4,306,240 shares during the last quarter. Vanguard Group Inc. raised its stake in Uranium Energy by 2.4% during the first quarter. Vanguard Group Inc. now owns 22,761,516 shares of the basic materials company’s stock worth $153,640,000 after acquiring an additional 538,703 shares during the period. Driehaus Capital Management LLC raised its stake in Uranium Energy by 1.0% during the second quarter. Driehaus Capital Management LLC now owns 9,147,972 shares of the basic materials company’s stock worth $54,979,000 after acquiring an additional 90,522 shares during the period. Dimensional Fund Advisors LP raised its stake in Uranium Energy by 18.9% during the second quarter. Dimensional Fund Advisors LP now owns 5,954,561 shares of the basic materials company’s stock worth $35,786,000 after acquiring an additional 947,773 shares during the period. Finally, Victory Capital Management Inc. raised its stake in Uranium Energy by 33.8% during the second quarter. Victory Capital Management Inc. now owns 3,511,245 shares of the basic materials company’s stock worth $21,103,000 after acquiring an additional 886,445 shares during the period. Institutional investors own 62.28% of the company’s stock.

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.