Uranium Energy Corp. (NYSEAMERICAN:UEC) Given Consensus Recommendation of “Buy” by Analysts

Shares of Uranium Energy Corp. (NYSEAMERICAN:UEC) have been assigned an average rating of “Buy” from the ten research firms that are covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating, six have assigned a buy rating and two have issued a strong buy rating on the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $14.9167.

UEC has been the topic of several recent analyst reports. Stifel Nicolaus assumed coverage on Uranium Energy in a report on Monday, October 6th. They issued a “buy” rating and a $10.50 price target on the stock. Roth Mkm reiterated a “buy” rating and issued a $16.00 target price on shares of Uranium Energy in a research note on Thursday, December 11th. Zacks Research raised shares of Uranium Energy from a “strong sell” rating to a “hold” rating in a research note on Monday, December 1st. Finally, National Bankshares upped their price target on shares of Uranium Energy from $15.50 to $16.50 and gave the stock an “outperform” rating in a report on Friday, December 19th.

Institutional Trading of Uranium Energy

Several institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. grew its stake in Uranium Energy by 32.2% in the fourth quarter. Vanguard Group Inc. now owns 47,247,813 shares of the basic materials company’s stock worth $551,854,000 after purchasing an additional 11,521,597 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Uranium Energy by 9.9% during the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 26,599,686 shares of the basic materials company’s stock valued at $354,847,000 after purchasing an additional 2,393,683 shares in the last quarter. State Street Corp lifted its holdings in shares of Uranium Energy by 9.5% in the 2nd quarter. State Street Corp now owns 23,046,686 shares of the basic materials company’s stock worth $156,717,000 after buying an additional 2,000,516 shares during the period. Norges Bank purchased a new position in shares of Uranium Energy during the second quarter valued at $105,058,000. Finally, Geode Capital Management LLC increased its stake in shares of Uranium Energy by 3.0% during the second quarter. Geode Capital Management LLC now owns 9,902,310 shares of the basic materials company’s stock valued at $67,344,000 after buying an additional 289,662 shares during the period. Institutional investors own 62.28% of the company’s stock.

Uranium Energy Price Performance

Uranium Energy stock opened at $17.24 on Friday. The firm has a market capitalization of $8.33 billion, a P/E ratio of -143.67 and a beta of 1.23. Uranium Energy has a 1-year low of $3.85 and a 1-year high of $20.34. The company’s 50-day moving average is $14.38 and its 200 day moving average is $12.71.

About Uranium Energy

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.