Roth Mkm Boosts Uranium Energy (NYSEAMERICAN:UEC) Price Target to $9.50

Uranium Energy (NYSEAMERICAN:UEC - Free Report) had its price objective raised by Roth Mkm from $9.00 to $9.50 in a research report released on Wednesday morning, Benzinga reports. The brokerage currently has a buy rating on the basic materials company's stock.

Separately, HC Wainwright reiterated a buy rating and set a $10.25 price objective on shares of Uranium Energy in a research report on Tuesday. One research analyst has rated the stock with a sell rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of Moderate Buy and a consensus target price of $10.31.

Uranium Energy Price Performance

UEC stock traded down $0.02 during trading on Wednesday, hitting $6.43. 10,695,070 shares of the company's stock traded hands, compared to its average volume of 7,333,133. Uranium Energy has a 52 week low of $4.06 and a 52 week high of $8.34. The firm has a market capitalization of $2.63 billion, a PE ratio of -215.50 and a beta of 1.84. The firm has a fifty day simple moving average of $6.47.

Insider Activity at Uranium Energy

In other Uranium Energy news, CEO Amir Adnani acquired 60,000 shares of the firm's stock in a transaction dated Friday, September 6th. The stock was purchased at an average price of $4.10 per share, for a total transaction of $246,000.00. Following the acquisition, the chief executive officer now owns 4,242,326 shares in the company, valued at approximately $17,393,536.60. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, EVP Scott Melbye acquired 9,500 shares of the company's stock in a transaction dated Friday, September 6th. The shares were purchased at an average cost of $4.18 per share, with a total value of $39,710.00. Following the completion of the acquisition, the executive vice president now directly owns 988,031 shares of the company's stock, valued at $4,129,969.58. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Amir Adnani bought 60,000 shares of the business's stock in a transaction that occurred on Friday, September 6th. The stock was purchased at an average cost of $4.10 per share, for a total transaction of $246,000.00. Following the completion of the transaction, the chief executive officer now owns 4,242,326 shares in the company, valued at $17,393,536.60. The disclosure for this purchase can be found here. 2.40% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Uranium Energy

A number of institutional investors have recently bought and sold shares of the business. Strategic Investment Solutions Inc. IL purchased a new position in shares of Uranium Energy during the 2nd quarter valued at about $26,000. Creative Planning boosted its position in Uranium Energy by 13.3% in the 2nd quarter. Creative Planning now owns 50,157 shares of the basic materials company's stock worth $301,000 after purchasing an additional 5,871 shares in the last quarter. Algert Global LLC acquired a new stake in shares of Uranium Energy during the 2nd quarter worth approximately $244,000. Clearline Capital LP purchased a new position in shares of Uranium Energy during the 2nd quarter valued at approximately $466,000. Finally, Driehaus Capital Management LLC lifted its stake in shares of Uranium Energy by 1.0% in the 2nd quarter. Driehaus Capital Management LLC now owns 9,147,972 shares of the basic materials company's stock valued at $54,979,000 after purchasing an additional 90,522 shares during the period. 62.28% of the stock is owned by hedge funds and other institutional investors.

Uranium Energy Company Profile

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.