Uranium Energy Target of Unusually High Options Trading (NYSEAMERICAN:UEC)

Uranium Energy Corp. (NYSEAMERICAN:UEC) saw some unusual options trading on Friday. Stock traders acquired 35,884 call options on the stock. This is an increase of 35% compared to the typical volume of 26,607 call options.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. Stifel Canada raised shares of Uranium Energy to a “strong-buy” rating in a research report on Friday, October 3rd. Roth Capital reiterated a “buy” rating and set a $16.00 target price on shares of Uranium Energy in a report on Thursday, December 11th. Canaccord Genuity Group set a $17.50 price target on shares of Uranium Energy and gave the company a “buy” rating in a research report on Wednesday, September 24th. BMO Capital Markets reaffirmed a “market perform” rating and set a $14.00 price objective (up previously from $7.75) on shares of Uranium Energy in a research report on Thursday, September 25th. Finally, National Bankshares increased their price objective on Uranium Energy from $15.50 to $16.50 and gave the company an “outperform” rating in a research note on Friday, December 19th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $14.92.

Uranium Energy Trading Up 1.3%

Shares of UEC opened at $14.76 on Friday. The firm has a market capitalization of $7.13 billion, a price-to-earnings ratio of -123.00 and a beta of 1.23. The firm’s fifty day simple moving average is $12.60 and its 200-day simple moving average is $11.51. Uranium Energy has a twelve month low of $3.85 and a twelve month high of $17.80.

Institutional Trading of Uranium Energy

Institutional investors have recently bought and sold shares of the business. Mirae Asset Global Investments Co. Ltd. lifted its position in Uranium Energy by 1,954.8% during the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 153,614 shares of the basic materials company’s stock worth $1,045,000 after acquiring an additional 146,138 shares during the period. Ballentine Partners LLC increased its holdings in shares of Uranium Energy by 207.5% in the second quarter. Ballentine Partners LLC now owns 31,476 shares of the basic materials company’s stock valued at $214,000 after purchasing an additional 21,241 shares during the period. MQS Management LLC purchased a new stake in shares of Uranium Energy during the second quarter worth approximately $137,000. Norges Bank acquired a new stake in shares of Uranium Energy during the second quarter worth $105,058,000. Finally, Harbour Capital Advisors LLC acquired a new stake in shares of Uranium Energy during the second quarter worth $310,000. 62.28% of the stock is owned by hedge funds and other institutional investors.

Uranium Energy Company Profile

Uranium Energy Corp. is a uranium mining and exploration company focused on the development and production of uranium through in-situ recovery (ISR) methods. The company’s core activities include operating ISR projects, advancing exploration properties, and engaging in joint ventures to secure uranium supply for nuclear power generation. Uranium Energy’s approach emphasizes environmentally conscious extraction techniques that minimize land disturbance and water usage compared with conventional mining.

The company’s primary producing asset is the Hobson ISR facility in South Texas, which commenced production to supply uranium concentrate to nuclear utilities.