Uranium Energy Corp. (NYSEAMERICAN:UEC) Receives Average Rating of "Buy" from Analysts

Uranium Energy Corp. (NYSEAMERICAN:UEC - Get Free Report) has been assigned an average rating of "Buy" from the six ratings firms that are presently covering the company, MarketBeat Ratings reports. Four investment analysts have rated the stock with a buy rating and two have issued a strong buy rating on the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $10.60.

UEC has been the subject of a number of research analyst reports. Stifel Nicolaus set a $10.50 target price on Uranium Energy in a research note on Wednesday, March 12th. HC Wainwright reiterated a "buy" rating and issued a $12.25 price objective on shares of Uranium Energy in a research report on Thursday, March 13th. Stifel Canada upgraded shares of Uranium Energy to a "strong-buy" rating in a report on Tuesday, March 11th. National Bank Financial began coverage on shares of Uranium Energy in a report on Wednesday, February 12th. They issued an "outperform" rating and a $10.00 price target for the company. Finally, National Bankshares set a $10.00 price objective on shares of Uranium Energy and gave the stock an "outperform" rating in a research report on Wednesday, February 12th.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the business. Barclays PLC boosted its position in Uranium Energy by 394.5% during the third quarter. Barclays PLC now owns 697,045 shares of the basic materials company's stock valued at $4,329,000 after purchasing an additional 556,081 shares during the last quarter. Tidal Investments LLC raised its stake in shares of Uranium Energy by 11.1% during the 3rd quarter. Tidal Investments LLC now owns 72,402 shares of the basic materials company's stock worth $450,000 after purchasing an additional 7,220 shares in the last quarter. Franklin Resources Inc. boosted its holdings in shares of Uranium Energy by 12.7% in the 3rd quarter. Franklin Resources Inc. now owns 22,245 shares of the basic materials company's stock valued at $138,000 after buying an additional 2,505 shares during the last quarter. B. Riley Wealth Advisors Inc. bought a new position in shares of Uranium Energy in the third quarter valued at $174,000. Finally, Confluence Investment Management LLC increased its holdings in Uranium Energy by 2.5% during the fourth quarter. Confluence Investment Management LLC now owns 84,333 shares of the basic materials company's stock worth $564,000 after buying an additional 2,081 shares during the last quarter. Institutional investors and hedge funds own 62.28% of the company's stock.

Uranium Energy Price Performance

Shares of NYSEAMERICAN UEC traded down $0.04 during midday trading on Friday, reaching $5.24. 5,531,656 shares of the stock were exchanged, compared to its average volume of 7,754,367. Uranium Energy has a 12 month low of $3.85 and a 12 month high of $8.93. The company has a market capitalization of $2.22 billion, a price-to-earnings ratio of -43.67 and a beta of 1.88. The business has a 50-day simple moving average of $5.04 and a two-hundred day simple moving average of $6.50.

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.