Uranium Energy Corp. (NYSEAMERICAN:UEC) Given Average Rating of "Buy" by Brokerages

Uranium Energy Corp. (NYSEAMERICAN:UEC - Get Free Report) has been assigned an average recommendation of "Buy" from the six research firms that are covering the firm, MarketBeat reports. Four investment analysts have rated the stock with a buy recommendation and two have given a strong buy recommendation to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $10.31.

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

Hedge Funds Weigh In On Uranium Energy

Several institutional investors and hedge funds have recently added to or reduced their stakes in UEC. Harbour Investments Inc. raised its stake in Uranium Energy by 947.4% during the fourth quarter. Harbour Investments Inc. now owns 3,886 shares of the basic materials company's stock worth $26,000 after buying an additional 3,515 shares during the last quarter. GAMMA Investing LLC grew its holdings in Uranium Energy by 180.1% during the 4th quarter. GAMMA Investing LLC now owns 4,338 shares of the basic materials company's stock worth $29,000 after acquiring an additional 2,789 shares during the period. Generali Investments Management Co LLC bought a new position in shares of Uranium Energy in the 4th quarter worth about $30,000. Farther Finance Advisors LLC lifted its stake in shares of Uranium Energy by 5,130.4% in the 3rd quarter. Farther Finance Advisors LLC now owns 4,812 shares of the basic materials company's stock valued at $30,000 after purchasing an additional 4,720 shares during the period. Finally, BNP Paribas bought a new stake in shares of Uranium Energy during the 3rd quarter valued at about $38,000. 62.28% of the stock is currently owned by institutional investors and hedge funds.

Uranium Energy Stock Up 1.4 %

UEC stock opened at $5.13 on Thursday. The company's 50-day moving average price is $6.72 and its two-hundred day moving average price is $6.92. The firm has a market cap of $2.17 billion, a P/E ratio of -42.75 and a beta of 1.88. Uranium Energy has a 12 month low of $4.06 and a 12 month high of $8.93.

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.

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