Brokerages Set Uranium Energy Corp. (NYSEAMERICAN:UEC) PT at $10.31

Uranium Energy Corp. (NYSEAMERICAN:UEC) has received a consensus rating of “Buy” from the six brokerages that are currently covering the company, MarketBeat Ratings reports. Four investment analysts have rated the stock with a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $10.63.

A number of brokerages recently commented on UEC. Stifel Nicolaus began coverage on Uranium Energy in a report on Wednesday, March 12th. They set a “buy” rating for the company. HC Wainwright restated a “buy” rating and set a $12.25 target price on shares of Uranium Energy in a report on Thursday, March 13th. National Bank Financial began coverage on Uranium Energy in a report on Wednesday, February 12th. They set an “outperform” rating and a $10.00 target price for the company. National Bankshares set a $10.00 target price on Uranium Energy and gave the company an “outperform” rating in a report on Wednesday, February 12th. Finally, Stifel Canada upgraded Uranium Energy to a “strong-buy” rating in a report on Tuesday, March 11th.

Institutional Investors Weigh In On Uranium Energy

Hedge funds have recently bought and sold shares of the stock. Stonehage Fleming Financial Services Holdings Ltd raised its position in shares of Uranium Energy by 21.1% during the 4th quarter. Stonehage Fleming Financial Services Holdings Ltd now owns 7,870 shares of the basic materials company’s stock worth $53,000 after acquiring an additional 1,370 shares in the last quarter. Integrated Wealth Concepts LLC raised its position in shares of Uranium Energy by 4.4% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 36,773 shares of the basic materials company’s stock worth $228,000 after acquiring an additional 1,560 shares in the last quarter. US Bancorp DE raised its position in shares of Uranium Energy by 7.7% during the 4th quarter. US Bancorp DE now owns 22,300 shares of the basic materials company’s stock worth $149,000 after acquiring an additional 1,600 shares in the last quarter. Arizona State Retirement System raised its position in shares of Uranium Energy by 1.4% during the 4th quarter. Arizona State Retirement System now owns 119,397 shares of the basic materials company’s stock worth $799,000 after acquiring an additional 1,692 shares in the last quarter. Finally, Sei Investments Co. raised its position in shares of Uranium Energy by 9.7% during the 4th quarter. Sei Investments Co. now owns 19,381 shares of the basic materials company’s stock worth $130,000 after acquiring an additional 1,710 shares in the last quarter. Institutional investors and hedge funds own 62.28% of the company’s stock.

Uranium Energy Trading Up 8.7 %

NYSEAMERICAN UEC opened at $5.52 on Thursday. The stock has a market cap of $2.34 billion, a PE ratio of -46.00 and a beta of 1.88. Uranium Energy has a twelve month low of $4.06 and a twelve month high of $8.93. The stock has a fifty day simple moving average of $6.61 and a 200-day simple moving average of $6.88.

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.