Uranium Energy Corp. (NYSEAMERICAN:UEC - Get Free Report)'s share price gapped up before the market opened on Wednesday . The stock had previously closed at $5.06, but opened at $5.51. Uranium Energy shares last traded at $5.28, with a volume of 1,892,686 shares.
Wall Street Analysts Forecast Growth
UEC has been the subject of a number of research analyst reports. National Bank Financial initiated coverage on Uranium Energy in a report on Wednesday, February 12th. They set an "outperform" rating and a $10.00 price target for the company. Stifel Canada raised Uranium Energy to a "strong-buy" rating in a research note on Tuesday. National Bankshares set a $10.00 price target on shares of Uranium Energy and gave the company an "outperform" rating in a research note on Wednesday, February 12th. Stifel Nicolaus began coverage on shares of Uranium Energy in a research report on Wednesday. They set a "buy" rating for the company. Finally, HC Wainwright reissued a "buy" rating and issued a $12.25 price objective on shares of Uranium Energy in a research note on Thursday. Four equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Buy" and an average price target of $10.63.
Read Our Latest Research Report on UEC
Uranium Energy Price Performance
The company has a fifty day moving average price of $6.72. The stock has a market cap of $2.20 billion, a P/E ratio of -43.25 and a beta of 1.88.
Hedge Funds Weigh In On Uranium Energy
A number of hedge funds have recently modified their holdings of the business. US Bancorp DE lifted its stake in shares of Uranium Energy by 62.0% in the third quarter. US Bancorp DE now owns 20,700 shares of the basic materials company's stock worth $129,000 after acquiring an additional 7,923 shares during the period. Farther Finance Advisors LLC lifted its position 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 worth $30,000 after purchasing an additional 4,720 shares during the period. State of New Jersey Common Pension Fund D boosted its stake in shares of Uranium Energy by 46.5% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 374,260 shares of the basic materials company's stock valued at $2,324,000 after purchasing an additional 118,786 shares during the last quarter. Victory Capital Management Inc. increased its position in shares of Uranium Energy by 1.2% during the third quarter. Victory Capital Management Inc. now owns 3,554,149 shares of the basic materials company's stock worth $22,071,000 after buying an additional 42,904 shares during the period. Finally, Lifeworks Advisors LLC acquired a new stake in shares of Uranium Energy during the third quarter worth $85,000. Institutional investors and hedge funds own 62.28% of the company's stock.
About Uranium Energy
(
Get Free Report)
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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