Shares of Uranium Energy Corp. (NYSEAMERICAN:UEC - Get Free Report) traded up 5.3% during mid-day trading on Tuesday . The company traded as high as $7.59 and last traded at $7.45. 967,356 shares changed hands during trading, a decline of 86% from the average session volume of 6,785,687 shares. The stock had previously closed at $7.08.
Wall Street Analysts Forecast Growth
A number of equities analysts recently issued reports on the company. HC Wainwright raised their target price on Uranium Energy from $10.25 to $11.00 and gave the stock a "buy" rating in a research note on Monday, December 9th. Roth Mkm reaffirmed a "buy" rating and set a $10.25 target price (up previously from $9.75) on shares of Uranium Energy in a report on Wednesday, October 23rd.
View Our Latest Analysis on UEC
Uranium Energy Stock Performance
The firm has a fifty day simple moving average of $6.62. The firm has a market capitalization of $3.14 billion, a price-to-earnings ratio of -61.83 and a beta of 1.89.
Hedge Funds Weigh In On Uranium Energy
A number of institutional investors have recently bought and sold shares of UEC. Strategic Investment Solutions Inc. IL purchased a new position in Uranium Energy during the second quarter worth about $26,000. GAMMA Investing LLC boosted its position in shares of 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 purchasing an additional 2,789 shares during the period. Farther Finance Advisors LLC raised its position in Uranium Energy by 5,130.4% in the third 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. Quintet Private Bank Europe S.A. acquired a new position in Uranium Energy during the third quarter worth $33,000. Finally, BNP Paribas acquired a new position in Uranium Energy during the third quarter worth $38,000. 62.28% of the stock is owned by hedge funds and other institutional investors.
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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