Uranium Energy (NYSEAMERICAN:UEC) Shares Pass Above 200-Day Moving Average of $0.00

Uranium Energy Corp. (NYSEAMERICAN:UEC)’s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $0.00 and traded as high as $7.22. Uranium Energy shares last traded at $6.89, with a volume of 4,368,997 shares traded.

Analyst Ratings Changes

A number of equities analysts have commented on the company. Eight Capital lifted their price target on Uranium Energy from $7.00 to $13.00 and gave the stock a “buy” rating in a research note on Monday, January 15th. HC Wainwright lifted their target price on shares of Uranium Energy from $8.25 to $9.75 and gave the stock a “buy” rating in a research note on Thursday, January 18th. One research analyst has rated the stock with a sell rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $8.80.

Uranium Energy Stock Down 2.5 %

The company has a market capitalization of $2.78 billion, a PE ratio of -689.00 and a beta of 1.83. The company has a 50-day moving average of $6.25.

Uranium Energy (NYSEAMERICAN:UEC) last posted its quarterly earnings results on Monday, March 11th. The basic materials company reported $0.01 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.01. Uranium Energy had a negative return on equity of 1.11% and a negative net margin of 8.20%. The firm had revenue of $0.12 million during the quarter, compared to analyst estimates of $16.00 million. On average, equities analysts predict that Uranium Energy Corp. will post 0.08 earnings per share for the current year.

Insider Activity at Uranium Energy

In other news, Director Volpe Vincent Della sold 84,000 shares of Uranium Energy stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $8.17, for a total value of $686,280.00. Following the completion of the sale, the director now directly owns 186,095 shares in the company, valued at $1,520,396.15. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Volpe Vincent Della sold 84,000 shares of the company’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $8.17, for a total transaction of $686,280.00. Following the completion of the sale, the director now owns 186,095 shares in the company, valued at $1,520,396.15. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director David Kong sold 26,000 shares of the stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $6.81, for a total value of $177,060.00. Following the completion of the transaction, the director now directly owns 154,085 shares in the company, valued at approximately $1,049,318.85. The disclosure for this sale can be found here. 2.90% of the stock is currently owned by insiders.

Institutional Trading of Uranium Energy

Several hedge funds have recently bought and sold shares of the stock. Kingswood Wealth Advisors LLC purchased a new position in shares of Uranium Energy during the 1st quarter valued at $68,000. Fourth Sail Capital LP bought a new position in shares of Uranium Energy in the first quarter worth about $12,695,000. Confluence Investment Management LLC purchased a new stake in shares of Uranium Energy during the first quarter worth about $543,000. Vanguard Group Inc. lifted its holdings in Uranium Energy by 4.6% in the 4th quarter. Vanguard Group Inc. now owns 22,222,813 shares of the basic materials company’s stock worth $142,226,000 after purchasing an additional 967,448 shares in the last quarter. Finally, American International Group Inc. boosted its stake in Uranium Energy by 2.4% in the 4th quarter. American International Group Inc. now owns 188,056 shares of the basic materials company’s stock worth $1,204,000 after purchasing an additional 4,358 shares during the period. Institutional investors 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.