Uranium Energy (NYSEAMERICAN:UEC) Trading Up 7.8% – Time to Buy?

Uranium Energy Corp. (NYSEAMERICAN:UECGet Free Report)’s share price rose 7.8% during mid-day trading on Thursday . The company traded as high as $10.20 and last traded at $10.1560. Approximately 4,989,244 shares traded hands during mid-day trading, a decline of 51% from the average daily volume of 10,192,506 shares. The stock had previously closed at $9.42.

Uranium Energy News Roundup

Here are the key news stories impacting Uranium Energy this week:

Analyst Ratings Changes

UEC has been the subject of a number of research analyst reports. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $16.00 target price on shares of Uranium Energy in a report on Tuesday. TD Securities dropped their price objective on shares of Uranium Energy from $22.00 to $21.00 and set a “buy” rating for the company in a research note on Wednesday, March 11th. Roth Mkm set a $17.00 price objective on shares of Uranium Energy in a research note on Wednesday, March 11th. Finally, HC Wainwright reissued a “buy” rating and set a $26.75 price objective on shares of Uranium Energy in a research note on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $17.41.

Get Our Latest Stock Analysis on UEC

Uranium Energy Trading Up 10.7%

The stock’s 50 day moving average price is $13.95 and its two-hundred day moving average price is $14.31. The firm has a market capitalization of $5.11 billion, a PE ratio of -87.13 and a beta of 1.12.

Uranium Energy (NYSEAMERICAN:UECGet Free Report) last issued its quarterly earnings data on Tuesday, March 10th. The basic materials company reported ($0.03) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.03). The business had revenue of $20.20 million for the quarter, compared to analysts’ expectations of $12.85 million. Analysts expect that Uranium Energy Corp. will post -0.12 earnings per share for the current year.

Institutional Trading of Uranium Energy

Hedge funds and other institutional investors have recently bought and sold shares of the company. Ameritas Advisory Services LLC purchased a new stake in Uranium Energy in the 3rd quarter worth approximately $33,000. Strategic Advocates LLC acquired a new stake in shares of Uranium Energy during the third quarter worth $40,000. Sound Income Strategies LLC boosted its holdings in shares of Uranium Energy by 159.1% during the fourth quarter. Sound Income Strategies LLC now owns 3,094 shares of the basic materials company’s stock worth $36,000 after purchasing an additional 1,900 shares during the last quarter. PenderFund Capital Management Ltd. acquired a new stake in shares of Uranium Energy during the fourth quarter worth $39,000. Finally, Caitong International Asset Management Co. Ltd acquired a new stake in shares of Uranium Energy during the fourth quarter worth $39,000. 62.28% of the stock is owned by hedge funds and other institutional investors.

About Uranium Energy

(Get Free Report)

Uranium Energy Corp. is a uranium mining and exploration company focused on the development and production of uranium through in-situ recovery (ISR) methods. The company’s core activities include operating ISR projects, advancing exploration properties, and engaging in joint ventures to secure uranium supply for nuclear power generation. Uranium Energy’s approach emphasizes environmentally conscious extraction techniques that minimize land disturbance and water usage compared with conventional mining.

The company’s primary producing asset is the Hobson ISR facility in South Texas, which commenced production to supply uranium concentrate to nuclear utilities.

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