Uranium Energy Corp. (NYSEAMERICAN:UEC) Given Average Recommendation of “Buy” by Brokerages

Uranium Energy Corp. (NYSEAMERICAN:UEC) has been assigned an average recommendation of “Buy” from the six research firms that are currently covering the stock, Marketbeat reports. Four analysts have rated the stock with a buy rating and two have issued a strong buy rating on the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $10.31.

Several brokerages recently issued reports on UEC. National Bankshares set a $10.00 price target on Uranium Energy and gave the stock an “outperform” rating in a report on Wednesday, February 12th. National Bank Financial began coverage on shares of Uranium Energy in a report on Wednesday, February 12th. They issued an “outperform” rating and a $10.00 target price for the company. HC Wainwright restated a “buy” rating and set a $12.25 price target on shares of Uranium Energy in a report on Thursday. Stifel Canada upgraded shares of Uranium Energy to a “strong-buy” rating in a research note on Tuesday. Finally, Stifel Nicolaus initiated coverage on Uranium Energy in a research note on Wednesday. They issued a “buy” rating on the stock.

Uranium Energy Trading Up 1.4 %

NYSEAMERICAN:UEC opened at $5.13 on Thursday. The firm has a fifty day simple moving average of $6.72 and a two-hundred day simple moving average of $6.92. Uranium Energy has a 12 month low of $4.06 and a 12 month high of $8.93. The stock has a market capitalization of $2.17 billion, a price-to-earnings ratio of -42.75 and a beta of 1.88.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Harbour Investments Inc. grew its stake in shares of Uranium Energy by 947.4% during the 4th quarter. Harbour Investments Inc. now owns 3,886 shares of the basic materials company’s stock worth $26,000 after acquiring an additional 3,515 shares during the period. GAMMA Investing LLC boosted its position in Uranium Energy by 180.1% during the fourth 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 boosted its position in 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 worth $30,000 after purchasing an additional 4,720 shares during the period. Generali Investments Management Co LLC purchased a new position in shares of Uranium Energy in the fourth quarter worth about $30,000. Finally, BNP Paribas bought a new stake in shares of Uranium Energy in the third quarter valued at approximately $38,000. 62.28% of the stock is owned by institutional investors.

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.