Uranium Energy (NYSEAMERICAN:UEC) Shares Up 9.4% - Time to Buy?

Uranium Energy Corp. (NYSEAMERICAN:UEC - Get Free Report) was up 9.4% during mid-day trading on Thursday . The company traded as high as $7.41 and last traded at $7.32. Approximately 2,475,758 shares were traded during trading, a decline of 68% from the average daily volume of 7,617,867 shares. The stock had previously closed at $6.69.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on UEC. HC Wainwright lifted their price objective on Uranium Energy from $10.25 to $11.00 and gave the company a "buy" rating in a report on Monday, December 9th. Roth Mkm restated a "buy" rating and set a $10.25 target price (up previously from $9.75) on shares of Uranium Energy in a research report on Wednesday, October 23rd.

Uranium Energy Stock Up 13.9 %

The company has a market capitalization of $3.22 billion, a PE ratio of -63.50 and a beta of 1.84. The business's fifty day simple moving average is $6.61.

Institutional Trading of Uranium Energy

Hedge funds and other institutional investors have recently modified their holdings of the company. Strategic Investment Solutions Inc. IL acquired a new position in Uranium Energy in the second quarter worth approximately $26,000. Farther Finance Advisors LLC grew its holdings in shares of Uranium Energy by 5,130.4% during the third quarter. Farther Finance Advisors LLC now owns 4,812 shares of the basic materials company's stock valued at $30,000 after buying an additional 4,720 shares in the last quarter. Quintet Private Bank Europe S.A. acquired a new position in Uranium Energy during the third quarter valued at $33,000. BNP Paribas purchased a new stake in Uranium Energy in the 3rd quarter worth about $38,000. Finally, National Bank of Canada FI increased its holdings 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 purchasing an additional 1,713 shares during the period. Institutional investors own 62.28% of the company's stock.

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.