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

Shares of Uranium Energy Corp. (NYSEAMERICAN:UEC) have earned a consensus recommendation of “Buy” from the six research firms that are currently covering the firm, Marketbeat Ratings reports. Four analysts have rated the stock with a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $10.60.

A number of brokerages have commented on UEC. Stifel Nicolaus set a $10.50 price target on Uranium Energy in a research report on Wednesday, March 12th. Stifel Canada upgraded Uranium Energy to a “strong-buy” rating in a research report on Tuesday, March 11th. HC Wainwright reissued a “buy” rating and set a $12.25 price target on shares of Uranium Energy in a research report on Thursday, March 13th. National Bankshares set a $10.00 price objective on shares of Uranium Energy and gave the company an “outperform” rating in a research note on Wednesday, February 12th. Finally, National Bank Financial assumed coverage on shares of Uranium Energy in a research note on Wednesday, February 12th. They issued an “outperform” rating and a $10.00 price objective on the stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Uranium Energy by 1.5% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 29,230,344 shares of the basic materials company’s stock worth $195,551,000 after purchasing an additional 423,233 shares during the period. Vanguard Group Inc. lifted its stake in Uranium Energy by 2.5% during the fourth quarter. Vanguard Group Inc. now owns 25,862,079 shares of the basic materials company’s stock worth $173,017,000 after purchasing an additional 631,929 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of Uranium Energy by 45.9% during the fourth quarter. JPMorgan Chase & Co. now owns 15,842,713 shares of the basic materials company’s stock worth $105,988,000 after buying an additional 4,982,949 shares during the period. Norges Bank acquired a new stake in shares of Uranium Energy in the fourth quarter valued at $100,773,000. Finally, Driehaus Capital Management LLC raised its holdings in shares of Uranium Energy by 52.2% in the 4th quarter. Driehaus Capital Management LLC now owns 9,499,842 shares of the basic materials company’s stock valued at $63,554,000 after buying an additional 3,259,704 shares during the period. Hedge funds and other institutional investors own 62.28% of the company’s stock.

Uranium Energy Stock Up 5.9 %

Uranium Energy stock opened at $5.55 on Friday. Uranium Energy has a twelve month low of $3.85 and a twelve month high of $8.93. The business has a fifty day moving average of $5.03 and a two-hundred day moving average of $6.49. The firm has a market cap of $2.35 billion, a P/E ratio of -46.25 and a beta of 1.88.

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.