Uranium Energy (NYSEAMERICAN:UEC) Shares Up 6.8% - Here's Why

Shares of Uranium Energy Corp. (NYSEAMERICAN:UEC - Get Free Report) were up 6.8% on Tuesday . The company traded as high as $5.21 and last traded at $5.26. Approximately 5,592,485 shares were traded during trading, a decline of 26% from the average daily volume of 7,554,722 shares. The stock had previously closed at $4.92.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on UEC shares. HC Wainwright upped their target price on Uranium Energy from $10.25 to $11.00 and gave the stock a "buy" rating in a report on Monday, December 9th. National Bankshares set a $10.00 target price on Uranium Energy and gave the stock an "outperform" rating in a report on Wednesday, February 12th. Finally, National Bank Financial started coverage on Uranium Energy in a report on Wednesday, February 12th. They set an "outperform" rating and a $10.00 target price on the stock.

Uranium Energy Price Performance

The business's 50 day simple moving average is $6.86. The firm has a market cap of $2.11 billion, a price-to-earnings ratio of -41.58 and a beta of 1.88.

Institutional Trading of Uranium Energy

Several institutional investors have recently added to or reduced their stakes in UEC. International Assets Investment Management LLC boosted its stake in Uranium Energy by 222.7% during the 3rd quarter. International Assets Investment Management LLC now owns 26,610 shares of the basic materials company's stock valued at $165,000 after purchasing an additional 18,365 shares during the last quarter. US Bancorp DE boosted its stake in shares of Uranium Energy by 62.0% in the 3rd quarter. US Bancorp DE now owns 20,700 shares of the basic materials company's stock worth $129,000 after buying an additional 7,923 shares during the last quarter. Farther Finance Advisors LLC boosted 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 worth $30,000 after buying an additional 4,720 shares during the last quarter. Confluence Investment Management LLC boosted its stake in shares of Uranium Energy by 4.1% in the 3rd quarter. Confluence Investment Management LLC now owns 82,252 shares of the basic materials company's stock worth $511,000 after buying an additional 3,207 shares during the last quarter. Finally, 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 worth $2,324,000 after buying an additional 118,786 shares during the last quarter. 62.28% of the stock is currently owned by hedge funds and other institutional investors.

Remove Ads

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.