Uranium Energy Sees Unusually Large Options Volume (NYSEAMERICAN:UEC)

Uranium Energy Corp. (NYSEAMERICAN:UEC - Get Free Report) was the target of unusually large options trading on Wednesday. Stock traders purchased 21,240 call options on the stock. This represents an increase of approximately 156% compared to the typical daily volume of 8,302 call options.

Analysts Set New Price Targets

Several research firms recently weighed in on UEC. Stifel Canada raised shares of Uranium Energy to a "strong-buy" rating in a research note on Tuesday, March 11th. HC Wainwright reissued a "buy" rating and issued a $12.25 price objective on shares of Uranium Energy in a research report on Thursday, March 13th. Stifel Nicolaus set a $10.50 target price on shares of Uranium Energy in a report on Wednesday, March 12th. 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. Finally, National Bank Financial initiated coverage on Uranium Energy in a research note on Wednesday, February 12th. They issued an "outperform" rating and a $10.00 price objective on the stock. Four investment analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Buy" and an average target price of $10.60.

Uranium Energy Trading Up 2.2 %

UEC stock traded up $0.12 during mid-day trading on Friday, hitting $5.70. The stock had a trading volume of 10,617,630 shares, compared to its average volume of 7,897,474. The firm has a fifty day simple moving average of $5.04 and a 200 day simple moving average of $6.47. The firm has a market capitalization of $2.41 billion, a P/E ratio of -47.50 and a beta of 1.88. Uranium Energy has a 52 week low of $3.85 and a 52 week high of $8.93.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. grew its position in Uranium Energy by 0.3% in the first quarter. Charles Schwab Investment Management Inc. now owns 3,420,671 shares of the basic materials company's stock valued at $16,351,000 after acquiring an additional 11,542 shares during the last quarter. Jefferies Financial Group Inc. bought a new stake in shares of Uranium Energy during the 1st quarter valued at approximately $322,000. Baader Bank Aktiengesellschaft acquired a new position in Uranium Energy during the 1st quarter worth approximately $223,000. Banque Cantonale Vaudoise acquired a new position in Uranium Energy during the 1st quarter worth approximately $137,000. Finally, Bearing Point Capital LLC boosted its position in Uranium Energy by 489.5% in the first quarter. Bearing Point Capital LLC now owns 70,175 shares of the basic materials company's stock valued at $335,000 after buying an additional 58,270 shares in the last quarter. 62.28% of the stock is owned by institutional investors.

About Uranium Energy

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.