Uranium Energy (NYSEAMERICAN:UEC) Shares Gap Up to $6.75

Uranium Energy Corp. (NYSEAMERICAN:UEC - Get Free Report)'s share price gapped up prior to trading on Wednesday . The stock had previously closed at $6.75, but opened at $7.28. Uranium Energy shares last traded at $7.22, with a volume of 3,367,279 shares traded.

Analyst Ratings Changes

A number of research analysts recently commented on the company. HC Wainwright increased their target price on Uranium Energy from $8.25 to $9.75 and gave the company a "buy" rating in a research note on Thursday, January 18th. Eight Capital boosted their target price on Uranium Energy from $7.00 to $13.00 and gave the company a "buy" rating in a research note on Monday, January 15th. One research analyst has rated the stock with a sell rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $8.80.

Uranium Energy Stock Up 1.3 %

The firm has a market capitalization of $2.76 billion, a P/E ratio of -716.00 and a beta of 1.83. The stock has a 50-day moving average of $6.38.

Uranium Energy (NYSEAMERICAN:UEC - Get Free Report) last announced its earnings results on Monday, March 11th. The basic materials company reported $0.01 earnings per share for the quarter, hitting the consensus estimate of $0.01. The business had revenue of $0.12 million during the quarter, compared to the consensus estimate of $16.00 million. Uranium Energy had a negative return on equity of 1.11% and a negative net margin of 8.20%. On average, equities research analysts expect that Uranium Energy Corp. will post 0.08 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Uranium Energy news, Director David Kong sold 26,000 shares of the stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $6.81, for a total transaction of $177,060.00. Following the completion of the transaction, the director now owns 154,085 shares of the company's stock, valued at $1,049,318.85. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other Uranium Energy news, Director David Kong sold 26,000 shares of the business's stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $6.81, for a total transaction of $177,060.00. Following the sale, the director now directly owns 154,085 shares in the company, valued at $1,049,318.85. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Volpe Vincent Della sold 84,000 shares of the business's stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $8.17, for a total transaction of $686,280.00. Following the completion of the transaction, the director now owns 186,095 shares of the company's stock, valued at approximately $1,520,396.15. The disclosure for this sale can be found here. 2.90% of the stock is owned by insiders.

Institutional Investors Weigh In On Uranium Energy

Institutional investors have recently added to or reduced their stakes in the business. MMCAP International Inc. SPC lifted its holdings in shares of Uranium Energy by 18.1% in the 4th quarter. MMCAP International Inc. SPC now owns 25,304,663 shares of the basic materials company's stock valued at $160,558,000 after purchasing an additional 3,876,952 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Uranium Energy by 7.1% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 22,943,719 shares of the basic materials company's stock valued at $146,840,000 after acquiring an additional 1,521,140 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Uranium Energy by 4.6% in the fourth quarter. Vanguard Group Inc. now owns 22,222,813 shares of the basic materials company's stock valued at $142,226,000 after acquiring an additional 967,448 shares during the period. Norges Bank purchased a new position in shares of Uranium Energy during the fourth quarter worth approximately $96,000,000. Finally, Alps Advisors Inc. increased its holdings in shares of Uranium Energy by 16.8% in the 3rd quarter. Alps Advisors Inc. now owns 14,889,161 shares of the basic materials company's stock valued at $76,679,000 after acquiring an additional 2,142,316 shares during the period. Hedge funds and other 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.