Uranium Energy (NYSEAMERICAN:UEC) Receives Buy Rating from HC Wainwright

HC Wainwright restated their buy rating on shares of Uranium Energy (NYSEAMERICAN:UEC) in a report issued on Thursday morning,Benzinga reports. HC Wainwright currently has a $12.25 target price on the basic materials company’s stock.

Several other equities analysts have also recently weighed in on UEC. Stifel Canada upgraded shares of Uranium Energy to a “strong-buy” rating in a research note on Tuesday. Stifel Nicolaus started coverage on shares of Uranium Energy in a research report on Wednesday. They issued a “buy” rating on the stock. National Bankshares set a $10.00 price target on shares of Uranium Energy and gave the stock an “outperform” rating in a research note on Wednesday, February 12th. Finally, National Bank Financial started coverage on Uranium Energy in a research note on Wednesday, February 12th. They issued an “outperform” rating and a $10.00 price objective for the company. Four research analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $10.63.

Uranium Energy Stock Performance

Uranium Energy stock opened at $5.19 on Thursday. The stock has a market capitalization of $2.20 billion, a PE ratio of -43.25 and a beta of 1.88. The firm’s fifty day moving average price is $6.72. Uranium Energy has a one year low of $4.06 and a one year high of $8.93.

Institutional Investors Weigh In On Uranium Energy

Institutional investors have recently bought and sold shares of the business. Harbour Investments Inc. grew its holdings in Uranium Energy by 947.4% during the 4th quarter. Harbour Investments Inc. now owns 3,886 shares of the basic materials company’s stock valued at $26,000 after buying an additional 3,515 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of Uranium Energy by 180.1% during the fourth quarter. GAMMA Investing LLC now owns 4,338 shares of the basic materials company’s stock worth $29,000 after acquiring an additional 2,789 shares during the last quarter. Farther Finance Advisors LLC grew its stake in Uranium Energy by 5,130.4% during the third quarter. Farther Finance Advisors LLC now owns 4,812 shares of the basic materials company’s stock valued at $30,000 after acquiring an additional 4,720 shares in the last quarter. Generali Investments Management Co LLC bought a new stake in Uranium Energy in the 4th quarter valued at $30,000. Finally, BNP Paribas purchased a new stake in Uranium Energy in the 3rd quarter worth $38,000. Hedge funds and other 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.