Uranium Energy (NYSEAMERICAN:UEC) Hits New 1-Year High - Should You Buy?

Shares of Uranium Energy Corp. (NYSEAMERICAN:UEC - Get Free Report) reached a new 52-week high during trading on Friday . The stock traded as high as $8.93 and last traded at $8.60, with a volume of 1664519 shares traded. The stock had previously closed at $8.57.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. HC Wainwright restated a "buy" rating and issued a $10.25 price target on shares of Uranium Energy in a research report on Tuesday, September 24th. Roth Mkm restated a "buy" rating and issued a $10.25 price target (up previously from $9.75) on shares of Uranium Energy in a research report on Wednesday, October 23rd.

Uranium Energy Trading Down 0.5 %

The business has a 50 day moving average price of $6.50.

Uranium Energy (NYSEAMERICAN:UEC - Get Free Report) last announced its quarterly earnings data on Thursday, September 26th. The basic materials company reported ($0.03) EPS for the quarter. On average, analysts predict that Uranium Energy Corp. will post 0.09 EPS for the current fiscal year.

Institutional Investors Weigh In On Uranium Energy

Hedge funds and other institutional investors have recently made changes to their positions in the company. Vontobel Holding Ltd. lifted its position in shares of Uranium Energy by 3.9% during the 3rd quarter. Vontobel Holding Ltd. now owns 38,548 shares of the basic materials company's stock valued at $239,000 after buying an additional 1,461 shares in the last quarter. Integrated Wealth Concepts LLC lifted its position in shares of Uranium Energy by 4.4% during 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 in the last quarter. National Bank of Canada FI lifted its position in shares of Uranium Energy by 29.7% during the 3rd quarter. National Bank of Canada FI now owns 7,485 shares of the basic materials company's stock valued at $46,000 after buying an additional 1,713 shares in the last quarter. Choreo LLC lifted its holdings in Uranium Energy by 11.0% in the 2nd quarter. Choreo LLC now owns 24,505 shares of the basic materials company's stock valued at $141,000 after purchasing an additional 2,420 shares in the last quarter. Finally, Franklin Resources Inc. boosted its stake in Uranium Energy by 12.7% during the 3rd quarter. Franklin Resources Inc. now owns 22,245 shares of the basic materials company's stock worth $138,000 after purchasing an additional 2,505 shares during the last quarter. Institutional investors and hedge funds 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.