Uranium Energy Corp. (NYSEMKT:UEC)‘s stock had its “buy” rating restated by equities research analysts at HC Wainwright in a report released on Friday. They currently have a $4.10 price objective on the basic materials company’s stock. HC Wainwright’s target price indicates a potential upside of 290.48% from the company’s previous close.

A number of other equities analysts also recently commented on the stock. Zacks Investment Research raised shares of Uranium Energy Corp. from a “hold” rating to a “buy” rating and set a $1.50 price objective for the company in a report on Tuesday, September 5th. Cantor Fitzgerald downgraded shares of Uranium Energy Corp. from a “buy” rating to a “sell” rating in a report on Thursday, October 26th. Roth Capital started coverage on shares of Uranium Energy Corp. in a research report on Wednesday, October 25th. They set a “buy” rating and a $3.00 target price for the company. Finally, ValuEngine cut shares of Uranium Energy Corp. from a “hold” rating to a “sell” rating in a research report on Friday, September 8th. Two equities research analysts have rated the stock with a sell rating and three have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $2.87.

Uranium Energy Corp. (NYSEMKT:UEC) traded down $0.02 during trading hours on Friday, hitting $1.05. 676,337 shares of the stock were exchanged, compared to its average volume of 853,512. Uranium Energy Corp. has a one year low of $0.81 and a one year high of $1.92.

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Institutional investors have recently made changes to their positions in the stock. State Street Corp increased its position in Uranium Energy Corp. by 3,975.8% in the 2nd quarter. State Street Corp now owns 1,774,011 shares of the basic materials company’s stock valued at $2,818,000 after acquiring an additional 1,730,485 shares in the last quarter. Northern Trust Corp increased its position in Uranium Energy Corp. by 441.2% in the 2nd quarter. Northern Trust Corp now owns 1,517,722 shares of the basic materials company’s stock valued at $2,413,000 after acquiring an additional 1,237,289 shares in the last quarter. Vanguard Group Inc. increased its position in Uranium Energy Corp. by 23.6% in the 1st quarter. Vanguard Group Inc. now owns 4,888,279 shares of the basic materials company’s stock valued at $6,942,000 after acquiring an additional 934,513 shares in the last quarter. Goldman Sachs Group Inc. increased its position in Uranium Energy Corp. by 1,402.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 552,567 shares of the basic materials company’s stock valued at $785,000 after acquiring an additional 515,780 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in Uranium Energy Corp. by 79.4% in the 1st quarter. Geode Capital Management LLC now owns 886,863 shares of the basic materials company’s stock valued at $1,259,000 after acquiring an additional 392,410 shares in the last quarter.

About Uranium Energy Corp.

Uranium Energy Corp. is engaged in uranium mining and related activities, including exploration, pre-extraction, extraction and processing of uranium concentrates, on projects located in the United States and Paraguay. The Company utilizes in-situ recovery (ISR) mining. The Company has uranium mine located in the state of Texas, the Palangana Mine, which utilizes ISR mining and extracts uranium oxide (U3O8).

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