Roth Capital Reaffirms “Buy” Rating for Uranium Energy (NYSEAMERICAN:UEC)

Uranium Energy (NYSEAMERICAN:UEC)‘s stock had its “buy” rating reaffirmed by investment analysts at Roth Capital in a research report issued on Thursday,Benzinga reports. They currently have a $16.00 target price on the basic materials company’s stock. Roth Capital’s target price suggests a potential upside of 23.84% from the stock’s current price.

Several other analysts also recently commented on the stock. Canaccord Genuity Group set a $17.50 target price on shares of Uranium Energy and gave the stock a “buy” rating in a report on Wednesday, September 24th. Zacks Research upgraded Uranium Energy from a “strong sell” rating to a “hold” rating in a report on Monday, December 1st. BMO Capital Markets reaffirmed a “market perform” rating and issued a $14.00 target price (up previously from $7.75) on shares of Uranium Energy in a research report on Thursday, September 25th. TD Securities lifted their price target on Uranium Energy from $8.00 to $13.00 and gave the stock a “buy” rating in a report on Friday, August 15th. Finally, Stifel Canada upgraded Uranium Energy to a “strong-buy” rating in a research note on Friday, October 3rd. Two analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, Uranium Energy has an average rating of “Buy” and a consensus price target of $14.19.

Uranium Energy Trading Down 8.7%

UEC stock opened at $12.92 on Thursday. Uranium Energy has a 1-year low of $3.85 and a 1-year high of $17.80. The business’s 50 day simple moving average is $13.33 and its 200 day simple moving average is $10.59. The firm has a market capitalization of $6.25 billion, a PE ratio of -107.67 and a beta of 1.35.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Norges Bank bought a new position in Uranium Energy in the 2nd quarter valued at about $105,058,000. Vanguard Group Inc. increased its stake in Uranium Energy by 34.5% in the third quarter. Vanguard Group Inc. now owns 35,726,216 shares of the basic materials company’s stock valued at $476,588,000 after acquiring an additional 9,159,024 shares during the last quarter. Caxton Associates LLP raised its position in Uranium Energy by 11,233.4% during the second quarter. Caxton Associates LLP now owns 4,093,058 shares of the basic materials company’s stock valued at $27,833,000 after purchasing an additional 4,056,943 shares in the last quarter. Encompass Capital Advisors LLC lifted its stake in Uranium Energy by 255.1% during the first quarter. Encompass Capital Advisors LLC now owns 4,223,438 shares of the basic materials company’s stock worth $20,188,000 after purchasing an additional 3,033,974 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Uranium Energy by 9.9% during the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 26,599,686 shares of the basic materials company’s stock worth $354,847,000 after purchasing an additional 2,393,683 shares during the last quarter. Institutional investors and hedge funds own 62.28% of the company’s stock.

About Uranium Energy

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.