Uranium Energy (NYSEAMERICAN:UEC) Shares Gap Up - Should You Buy?

Uranium Energy Corp. (NYSEAMERICAN:UEC - Get Free Report) gapped up prior to trading on Tuesday . The stock had previously closed at $7.14, but opened at $7.31. Uranium Energy shares last traded at $7.31, with a volume of 1,440,111 shares changing hands.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on UEC shares. Roth Mkm lifted their target price on Uranium Energy from $9.00 to $9.50 and gave the company a "buy" rating in a report on Wednesday, September 25th. HC Wainwright reiterated a "buy" rating and issued a $10.25 price objective on shares of Uranium Energy in a research note on Tuesday, September 24th.

Uranium Energy Price Performance

The firm has a market cap of $3.02 billion, a PE ratio of -122.48 and a beta of 1.84. The firm's 50 day moving average is $6.36.

Uranium Energy (NYSEAMERICAN:UEC - Get Free Report) last announced its quarterly earnings results on Thursday, September 26th. The basic materials company reported ($0.03) EPS for the quarter. Uranium Energy had a negative return on equity of 4.98% and a negative net margin of 8.20%. Equities analysts anticipate that Uranium Energy Corp. will post 0.09 EPS for the current year.

Insider Activity

In related news, EVP Scott Melbye purchased 9,500 shares of the company's stock in a transaction on Friday, September 6th. The stock was bought at an average price of $4.18 per share, with a total value of $39,710.00. Following the completion of the transaction, the executive vice president now owns 988,031 shares of the company's stock, valued at approximately $4,129,969.58. This represents a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, EVP Scott Melbye acquired 9,500 shares of the business's stock in a transaction dated Friday, September 6th. The shares were acquired at an average cost of $4.18 per share, for a total transaction of $39,710.00. Following the acquisition, the executive vice president now directly owns 988,031 shares in the company, valued at approximately $4,129,969.58. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Amir Adnani purchased 60,000 shares of the company's stock in a transaction on Friday, September 6th. The shares were purchased at an average price of $4.10 per share, with a total value of $246,000.00. Following the completion of the purchase, the chief executive officer now directly owns 4,242,326 shares of the company's stock, valued at $17,393,536.60. The trade was a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 2.40% of the company's stock.

Institutional Investors Weigh In On Uranium Energy

A number of large investors have recently added to or reduced their stakes in UEC. Creative Planning increased its position in shares of Uranium Energy by 68.6% in the 3rd quarter. Creative Planning now owns 84,580 shares of the basic materials company's stock worth $525,000 after purchasing an additional 34,423 shares during the last quarter. SG Americas Securities LLC grew its stake in Uranium Energy by 81.3% in the third quarter. SG Americas Securities LLC now owns 169,217 shares of the basic materials company's stock worth $1,051,000 after purchasing an additional 75,871 shares in the last quarter. Strategic Investment Solutions Inc. IL bought a new stake in Uranium Energy in the second quarter valued at about $26,000. Algert Global LLC acquired a new stake in Uranium Energy during the second quarter valued at approximately $244,000. Finally, Clearline Capital LP bought a new position in Uranium Energy during the 2nd quarter worth approximately $466,000. 62.28% of the stock is owned by institutional investors and hedge funds.

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.