Uranium Energy Corp. (NYSEAMERICAN:UEC - Get Free Report) was the recipient of unusually large options trading activity on Friday. Stock investors acquired 78,263 call options on the company. This represents an increase of approximately 786% compared to the typical volume of 8,835 call options.
Wall Street Analyst Weigh In
UEC has been the topic of several analyst reports. National Bank Financial assumed coverage on Uranium Energy in a research report on Wednesday, February 12th. They set an "outperform" rating and a $10.00 price target on the stock. Stifel Nicolaus set a $10.50 price objective on Uranium Energy in a research report on Wednesday, March 12th. 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 set a $12.25 price objective on shares of Uranium Energy in a research note on Thursday, March 13th. Finally, National Bankshares set a $10.00 target price on Uranium Energy and gave the stock an "outperform" rating in a research note on Wednesday, February 12th. Four research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Uranium Energy has a consensus rating of "Buy" and an average target price of $10.60.
Check Out Our Latest Stock Report on Uranium Energy
Institutional Trading of Uranium Energy
A number of hedge funds have recently modified their holdings of the business. Barclays PLC boosted its position in shares of Uranium Energy by 394.5% in the 3rd quarter. Barclays PLC now owns 697,045 shares of the basic materials company's stock worth $4,329,000 after purchasing an additional 556,081 shares in the last quarter. Ballentine Partners LLC raised its stake in Uranium Energy by 11.7% during the fourth quarter. Ballentine Partners LLC now owns 17,179 shares of the basic materials company's stock valued at $115,000 after buying an additional 1,795 shares during the last quarter. Nisa Investment Advisors LLC raised its stake in Uranium Energy by 50.5% during the fourth quarter. Nisa Investment Advisors LLC now owns 20,042 shares of the basic materials company's stock valued at $134,000 after buying an additional 6,723 shares during the last quarter. Advisory Alpha LLC bought a new stake in Uranium Energy in the fourth quarter worth $186,000. Finally, SG Americas Securities LLC boosted its holdings in Uranium Energy by 107.6% in the fourth quarter. SG Americas Securities LLC now owns 351,233 shares of the basic materials company's stock worth $2,350,000 after acquiring an additional 182,016 shares in the last quarter. Institutional investors own 62.28% of the company's stock.
Uranium Energy Price Performance
UEC stock traded up $1.27 during trading on Friday, reaching $6.43. The company had a trading volume of 30,507,779 shares, compared to its average volume of 8,090,759. Uranium Energy has a 52 week low of $3.85 and a 52 week high of $8.93. The business has a 50 day moving average of $5.07 and a 200 day moving average of $6.42. The company has a market cap of $2.72 billion, a P/E ratio of -53.13 and a beta of 1.88.
About Uranium Energy
(
Get Free Report)
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.
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