Uranium Energy (NYSEAMERICAN:UEC) Rating Reiterated by HC Wainwright

HC Wainwright reaffirmed their buy rating on shares of Uranium Energy (NYSEAMERICAN:UEC - Free Report) in a report issued on Tuesday, Benzinga reports. HC Wainwright currently has a $10.25 price objective on the basic materials company's stock.

Separately, Roth Mkm reaffirmed a buy rating and issued a $9.00 target price on shares of Uranium Energy in a research report on Wednesday, August 14th. One research analyst has rated the stock with a sell rating and four have issued a buy rating to the company's stock. According to MarketBeat, the company has an average rating of Moderate Buy and an average price target of $10.19.

Uranium Energy Price Performance

Shares of UEC stock traded up $0.26 during trading on Tuesday, reaching $6.45. 14,058,854 shares of the company's stock were exchanged, compared to its average volume of 7,302,102. Uranium Energy has a twelve month low of $4.06 and a twelve month high of $8.34. The business has a fifty day moving average price of $6.47. The stock has a market capitalization of $2.64 billion, a PE ratio of -206.33 and a beta of 1.84.

Insiders Place Their Bets

In related news, CEO Amir Adnani acquired 60,000 shares of the company's stock in a transaction that occurred on Friday, September 6th. The stock was acquired at an average price of $4.10 per share, with a total value of $246,000.00. Following the purchase, the chief executive officer now directly owns 4,242,326 shares in the company, valued at $17,393,536.60. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, EVP Scott Melbye purchased 9,500 shares of the business'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 purchase, the executive vice president now owns 988,031 shares of the company's stock, valued at approximately $4,129,969.58. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Amir Adnani acquired 60,000 shares of the stock in a transaction dated Friday, September 6th. The stock was purchased at an average cost of $4.10 per share, with a total value of $246,000.00. Following 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 disclosure for this purchase can be found here. Insiders own 2.40% of the company's stock.

Institutional Trading of Uranium Energy

Institutional investors have recently modified their holdings of the business. Strategic Investment Solutions Inc. IL bought a new position in Uranium Energy during the 2nd quarter worth approximately $26,000. EntryPoint Capital LLC increased its position in shares of Uranium Energy by 897.7% during the first quarter. EntryPoint Capital LLC now owns 4,340 shares of the basic materials company's stock worth $29,000 after buying an additional 3,905 shares during the period. EP Wealth Advisors LLC bought a new position in Uranium Energy during the fourth quarter worth $64,000. Parallel Advisors LLC lifted its holdings in Uranium Energy by 39.7% in the fourth quarter. Parallel Advisors LLC now owns 10,293 shares of the basic materials company's stock valued at $66,000 after buying an additional 2,923 shares during the period. Finally, Kingswood Wealth Advisors LLC bought a new stake in Uranium Energy during the first quarter valued at $68,000. Institutional investors own 62.28% of the company's stock.

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.