Uranium Energy (NYSEAMERICAN:UEC) Trading 4.4% Higher

Uranium Energy Corp. (NYSEAMERICAN:UEC - Get Free Report)'s stock price traded up 4.4% on Monday . The company traded as high as $7.12 and last traded at $7.05. 752,766 shares traded hands during mid-day trading, a decline of 91% from the average session volume of 8,122,574 shares. The stock had previously closed at $6.75.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. HC Wainwright upped their price objective on shares of Uranium Energy from $8.25 to $9.75 and gave the stock a "buy" rating in a research note on Thursday, January 18th. Eight Capital upped their price objective on shares of Uranium Energy from $7.00 to $13.00 and gave the stock a "buy" rating in a research note on Monday, January 15th. Finally, TD Securities upped their price objective on shares of Uranium Energy from $7.00 to $8.50 and gave the stock a "speculative buy" rating in a research note on Tuesday, December 12th. One research analyst has rated the stock with a sell rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $8.80.

Uranium Energy Trading Up 4.6 %

The stock has a fifty day moving average of $6.05. The firm has a market cap of $2.85 billion, a P/E ratio of -702.00 and a beta of 1.83.

Uranium Energy (NYSEAMERICAN:UEC - Get Free Report) last issued its quarterly 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. Uranium Energy had a negative net margin of 8.20% and a negative return on equity of 1.11%. The company had revenue of $0.12 million for the quarter, compared to the consensus estimate of $16.00 million. Analysts expect that Uranium Energy Corp. will post 0.08 EPS for the current fiscal year.

Insider Transactions at Uranium Energy

In other news, Director David Kong sold 26,000 shares of the firm's stock in a transaction that occurred on 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 owns 154,085 shares of the company's stock, valued at approximately $1,049,318.85. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director David Kong sold 26,000 shares of the firm's stock in a transaction that occurred on 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 owns 154,085 shares of the company's stock, valued at approximately $1,049,318.85. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Volpe Vincent Della sold 84,000 shares of the stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $8.17, for a total value of $686,280.00. Following the transaction, the director now owns 186,095 shares in the company, valued at approximately $1,520,396.15. The disclosure for this sale can be found here. Corporate insiders own 2.90% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Householder Group Estate & Retirement Specialist LLC purchased a new position in Uranium Energy in the 3rd quarter valued at $26,000. Millburn Ridgefield Corp purchased a new position in Uranium Energy in the 3rd quarter valued at $27,000. Catalyst Capital Advisors LLC purchased a new position in Uranium Energy in the 3rd quarter valued at $27,000. Farmers & Merchants Trust Co of Chambersburg PA purchased a new position in Uranium Energy in the 4th quarter valued at $27,000. Finally, Apexium Financial LP purchased a new position in Uranium Energy in the 1st quarter valued at $29,000. 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.