Uranium Energy (NYSEAMERICAN:UEC) Given "Buy" Rating at Roth Mkm

Roth Mkm reaffirmed their buy rating on shares of Uranium Energy (NYSEAMERICAN:UEC - Free Report) in a research report sent to investors on Wednesday morning, Benzinga reports. The firm currently has a $10.25 target price on the basic materials company's stock, up from their prior target price of $9.75.

Separately, HC Wainwright reiterated a "buy" rating and issued a $10.25 price target on shares of Uranium Energy in a research note on Tuesday, September 24th.

Uranium Energy Price Performance

Shares of UEC stock traded down $0.17 during trading hours on Wednesday, reaching $7.79. 9,205,529 shares of the stock were exchanged, compared to its average volume of 7,570,909. The stock has a fifty day moving average price of $6.36. Uranium Energy has a 12-month low of $4.06 and a 12-month high of $8.67. The stock has a market cap of $3.20 billion, a price-to-earnings ratio of -127.98 and a beta of 1.84.

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

Insider Buying and Selling at Uranium Energy

In other news, CEO Amir Adnani acquired 60,000 shares of the firm's stock in a transaction dated Friday, September 6th. The stock was acquired at an average cost of $4.10 per share, with a total value of $246,000.00. Following the completion of the acquisition, the chief executive officer now 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 acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, EVP Scott Melbye acquired 9,500 shares of the firm's stock in a transaction dated Friday, September 6th. The stock was acquired 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 owns 988,031 shares of the company's stock, valued at $4,129,969.58. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 cost of $4.10 per share, with a total value of $246,000.00. Following the completion of the acquisition, the chief executive officer now directly owns 4,242,326 shares of the company's stock, valued at approximately $17,393,536.60. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. 2.40% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Uranium Energy

Several hedge funds have recently modified their holdings of UEC. Grimes & Company Inc. acquired a new stake in Uranium Energy in the third quarter valued at $394,000. Riverwater Partners LLC acquired a new stake in Uranium Energy in the third quarter valued at $2,341,000. International Assets Investment Management LLC lifted its holdings in Uranium Energy by 222.7% in the third quarter. International Assets Investment Management LLC now owns 26,610 shares of the basic materials company's stock valued at $165,000 after acquiring an additional 18,365 shares during the period. Saxony Capital Management LLC acquired a new stake in Uranium Energy in the third quarter valued at $81,000. Finally, Sequoia Financial Advisors LLC lifted its holdings in Uranium Energy by 96.4% in the third quarter. Sequoia Financial Advisors LLC now owns 25,640 shares of the basic materials company's stock valued at $159,000 after acquiring an additional 12,582 shares during the period. 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.