Uranium Energy (NYSEAMERICAN:UEC) Upgraded at National Bank Financial

National Bank Financial upgraded shares of Uranium Energy (NYSEAMERICAN:UEC) to a strong-buy rating in a research note issued to investors on Tuesday,Zacks.com reports.

A number of other equities research analysts have also recently commented on UEC. Roth Mkm restated a “buy” rating and set a $10.25 target price (up previously from $9.75) on shares of Uranium Energy in a research note on Wednesday, October 23rd. HC Wainwright upped their price target on Uranium Energy from $10.25 to $11.00 and gave the stock a “buy” rating in a research note on Monday, December 9th. Finally, National Bankshares set a $10.00 price objective on shares of Uranium Energy and gave the company an “outperform” rating in a research report on Wednesday.

Uranium Energy Stock Performance

Shares of UEC opened at $7.06 on Tuesday. The stock has a 50-day moving average of $6.64. Uranium Energy has a 52 week low of $4.06 and a 52 week high of $8.93. The stock has a market capitalization of $2.99 billion, a PE ratio of -58.83 and a beta of 1.88.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. raised its holdings in shares of Uranium Energy by 2.5% in the fourth quarter. Vanguard Group Inc. now owns 25,862,079 shares of the basic materials company’s stock worth $173,017,000 after buying an additional 631,929 shares during the period. JPMorgan Chase & Co. grew its position in Uranium Energy by 45.9% in the 4th quarter. JPMorgan Chase & Co. now owns 15,842,713 shares of the basic materials company’s stock valued at $105,988,000 after acquiring an additional 4,982,949 shares during the last quarter. Norges Bank bought a new position in Uranium Energy in the 4th quarter valued at $100,773,000. Geode Capital Management LLC increased its stake in Uranium Energy by 1.8% in the third quarter. Geode Capital Management LLC now owns 9,083,449 shares of the basic materials company’s stock worth $56,419,000 after purchasing an additional 159,921 shares during the period. Finally, Van ECK Associates Corp lifted its position in shares of Uranium Energy by 33.2% during the fourth quarter. Van ECK Associates Corp now owns 6,602,890 shares of the basic materials company’s stock worth $44,174,000 after purchasing an additional 1,645,919 shares during the last quarter. 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.