HC Wainwright Issues Positive Forecast for Uranium Energy (NYSEAMERICAN:UEC) Stock Price

Uranium Energy (NYSEAMERICAN:UEC - Get Free Report) had its price objective upped by analysts at HC Wainwright from $10.25 to $11.00 in a report released on Monday,Benzinga reports. The firm currently has a "buy" rating on the basic materials company's stock. HC Wainwright's target price indicates a potential upside of 37.33% from the stock's previous close.

Separately, Roth Mkm restated a "buy" rating and set a $10.25 price objective (up from $9.75) on shares of Uranium Energy in a research report on Wednesday, October 23rd.

Uranium Energy Trading Down 6.1 %

NYSEAMERICAN:UEC traded down $0.52 during trading hours on Monday, reaching $8.01. The company's stock had a trading volume of 7,650,144 shares, compared to its average volume of 7,643,460. The company has a market cap of $3.39 billion, a P/E ratio of -71.08 and a beta of 1.84. Uranium Energy has a one year low of $4.06 and a one year high of $8.93. The business has a 50-day moving average of $6.54.

Uranium Energy (NYSEAMERICAN:UEC - Get Free Report) last released its quarterly earnings results on Thursday, September 26th. The basic materials company reported ($0.03) EPS for the quarter. Sell-side analysts forecast that Uranium Energy will post 0.09 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Vontobel Holding Ltd. increased its holdings in Uranium Energy by 3.9% in the third quarter. Vontobel Holding Ltd. now owns 38,548 shares of the basic materials company's stock valued at $239,000 after purchasing an additional 1,461 shares during the last quarter. Integrated Wealth Concepts LLC increased its stake in shares of 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 acquiring an additional 1,560 shares during the last quarter. National Bank of Canada FI raised its position in shares of Uranium Energy by 29.7% in 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 acquiring an additional 1,713 shares during the period. Choreo LLC boosted its stake in Uranium Energy by 11.0% during the 2nd quarter. Choreo LLC now owns 24,505 shares of the basic materials company's stock worth $141,000 after acquiring an additional 2,420 shares during 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 acquiring an additional 2,505 shares during the last quarter. 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.