Uranium Energy Corp. (NYSEAMERICAN:UEC) Receives $10.60 Consensus PT from Analysts

Shares of Uranium Energy Corp. (NYSEAMERICAN:UEC - Get Free Report) have received an average recommendation of "Buy" from the six research firms that are covering the stock, MarketBeat.com reports. Four analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $10.60.

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

Uranium Energy Stock Performance

UEC traded up $0.30 during mid-day trading on Monday, reaching $4.68. The stock had a trading volume of 8,158,378 shares, compared to its average volume of 7,659,711. The firm's fifty day simple moving average is $5.58 and its two-hundred day simple moving average is $6.61. The stock has a market capitalization of $1.98 billion, a P/E ratio of -39.00 and a beta of 1.88. Uranium Energy has a 52 week low of $3.85 and a 52 week high of $8.93.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of UEC. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Uranium Energy by 4.1% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 655,946 shares of the basic materials company's stock valued at $4,073,000 after purchasing an additional 26,102 shares during the period. Captrust Financial Advisors bought a new position in shares of Uranium Energy during the third quarter worth about $170,000. Integrated Wealth Concepts LLC raised its position in Uranium Energy by 4.4% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 36,773 shares of the basic materials company's stock valued at $228,000 after buying an additional 1,560 shares during the last quarter. Quadrature Capital Ltd bought a new stake in Uranium Energy in the 3rd quarter valued at approximately $157,000. Finally, Wellington Management Group LLP acquired a new position in Uranium Energy during the 3rd quarter worth approximately $4,512,000. Institutional investors own 62.28% of the company's stock.

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.