Uranium Energy (NYSEAMERICAN:UEC) received a $4.00 target price from analysts at HC Wainwright in a research note issued to investors on Monday. The brokerage currently has a “buy” rating on the basic materials company’s stock. HC Wainwright’s price objective suggests a potential upside of 214.96% from the company’s current price.
UEC has been the subject of several other reports. Cantor Fitzgerald lowered Uranium Energy from a “buy” rating to a “sell” rating in a report on Thursday, October 26th. Roth Capital started coverage on Uranium Energy in a report on Wednesday, October 25th. They set a “buy” rating and a $3.00 price target for the company. Two analysts have rated the stock with a sell rating and three have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $2.83.
Shares of Uranium Energy (NYSEAMERICAN UEC) traded down $0.05 during midday trading on Monday, reaching $1.27. The company’s stock had a trading volume of 2,589,833 shares, compared to its average volume of 1,379,346. The firm has a market cap of $206.12, a price-to-earnings ratio of -9.77 and a beta of 1.72. Uranium Energy has a 12-month low of $0.96 and a 12-month high of $2.00.
A number of institutional investors and hedge funds have recently bought and sold shares of UEC. Global X Management Co. LLC lifted its holdings in Uranium Energy by 23.5% in the 4th quarter. Global X Management Co. LLC now owns 9,334,591 shares of the basic materials company’s stock worth $16,522,000 after purchasing an additional 1,773,871 shares during the last quarter. State Street Corp lifted its holdings in Uranium Energy by 3,975.8% in the 2nd quarter. State Street Corp now owns 1,774,011 shares of the basic materials company’s stock worth $2,818,000 after purchasing an additional 1,730,485 shares during the last quarter. Northern Trust Corp lifted its holdings in Uranium Energy by 441.2% in the 2nd quarter. Northern Trust Corp now owns 1,517,722 shares of the basic materials company’s stock worth $2,413,000 after purchasing an additional 1,237,289 shares during the last quarter. Vanguard Group Inc. lifted its holdings in Uranium Energy by 12.2% in the 2nd quarter. Vanguard Group Inc. now owns 5,485,254 shares of the basic materials company’s stock worth $8,721,000 after purchasing an additional 596,975 shares during the last quarter. Finally, TIAA CREF Investment Management LLC acquired a new stake in Uranium Energy in the 2nd quarter worth approximately $578,000.
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Uranium Energy Company Profile
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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