Traders Buy Large Volume of Uranium Energy Call Options (NYSEAMERICAN:UEC)

Key Points

• Uranium Energy Corp. (NYSEAMERICAN: UEC) saw a significant surge in call options trading, with traders purchasing 32,611 call options, a 50% increase from typical volumes.
• Analysts have raised their price targets for Uranium Energy, with Roth Capital increasing its target from $10.50 to $11.50 and TD Securities from $8.00 to $13.00, both maintaining "buy" ratings.
• The stock price of Uranium Energy rose by 7.8% to $14.93, with a market cap of $6.64 billion, indicating positive market momentum for the company.

Uranium Energy Corp. (NYSEAMERICAN:UEC - Get Free Report) was the recipient of unusually large options trading activity on Wednesday. Traders purchased 32,611 call options on the stock. This is an increase of 50% compared to the typical volume of 21,766 call options.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on UEC. Roth Capital increased their price target on shares of Uranium Energy from $10.50 to $11.50 and gave the company a "buy" rating in a research report on Wednesday, September 3rd. TD Securities increased their price target on shares of Uranium Energy from $8.00 to $13.00 and gave the company a "buy" rating in a research report on Friday, August 15th. BMO Capital Markets began coverage on shares of Uranium Energy in a research report on Tuesday, June 3rd. They issued an "outperform" rating and a $7.75 price target on the stock. Zacks Research upgraded shares of Uranium Energy from a "strong sell" rating to a "hold" rating in a research report on Monday. Finally, The Goldman Sachs Group upgraded shares of Uranium Energy to a "strong-buy" rating in a research report on Tuesday, August 12th. Three equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus price target of $10.97.

Uranium Energy Trading Up 7.8%

Shares of UEC traded up $1.08 during mid-day trading on Wednesday, reaching $14.93. The company had a trading volume of 9,792,704 shares, compared to its average volume of 11,630,743. The stock has a market cap of $6.64 billion, a price-to-earnings ratio of -87.84 and a beta of 1.42. The firm has a fifty day simple moving average of $10.36 and a 200-day simple moving average of $7.26. Uranium Energy has a fifty-two week low of $3.85 and a fifty-two week high of $15.06.

Insider Transactions at Uranium Energy

In other Uranium Energy news, Director David Kong sold 50,800 shares of the stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $9.62, for a total value of $488,696.00. Following the completion of the transaction, the director directly owned 182,237 shares of the company's stock, valued at approximately $1,753,119.94. This trade represents a 21.80% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 2.00% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Uranium Energy

A number of hedge funds have recently made changes to their positions in the stock. Cetera Investment Advisers raised its stake in shares of Uranium Energy by 18.8% in the 4th quarter. Cetera Investment Advisers now owns 57,384 shares of the basic materials company's stock valued at $384,000 after acquiring an additional 9,074 shares during the period. Nuveen Asset Management LLC raised its stake in shares of Uranium Energy by 47.9% in the 4th quarter. Nuveen Asset Management LLC now owns 1,557,012 shares of the basic materials company's stock valued at $10,416,000 after acquiring an additional 504,471 shares during the period. Tidal Investments LLC raised its stake in shares of Uranium Energy by 42.4% in the 4th quarter. Tidal Investments LLC now owns 103,102 shares of the basic materials company's stock valued at $690,000 after acquiring an additional 30,700 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Uranium Energy by 43.9% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 943,603 shares of the basic materials company's stock valued at $6,313,000 after acquiring an additional 287,657 shares during the period. Finally, Polar Asset Management Partners Inc. purchased a new position in shares of Uranium Energy in the 4th quarter valued at $2,415,000. Institutional investors and hedge funds own 62.28% of the company's stock.

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.

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