Uranium Energy Corp. (NYSEAMERICAN:UEC) Given Average Rating of "Buy" by Brokerages

Shares of Uranium Energy Corp. (NYSEAMERICAN:UEC - Get Free Report) have received a consensus rating of "Buy" from the seven ratings firms that are currently covering the stock, Marketbeat reports. Five investment analysts have rated the stock with a buy rating and two have issued a strong buy rating on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $10.13.

A number of brokerages have recently issued reports on UEC. Stifel Canada raised Uranium Energy to a "strong-buy" rating in a research note on Tuesday, March 11th. Stifel Nicolaus set a $10.50 price objective on Uranium Energy in a report on Wednesday, March 12th. BMO Capital Markets began coverage on Uranium Energy in a research report on Tuesday, June 3rd. They issued an "outperform" rating and a $7.75 price objective for the company. Finally, HC Wainwright restated a "buy" rating and set a $12.25 target price on shares of Uranium Energy in a research report on Thursday, March 13th.

Institutional Trading of Uranium Energy

Several hedge funds and other institutional investors have recently added to or reduced their stakes in UEC. Rhumbline Advisers raised its stake in Uranium Energy by 3.3% during the first quarter. Rhumbline Advisers now owns 599,395 shares of the basic materials company's stock worth $2,865,000 after purchasing an additional 19,416 shares during the period. Focus Partners Wealth increased its holdings in shares of Uranium Energy by 114.0% during the 1st quarter. Focus Partners Wealth now owns 36,427 shares of the basic materials company's stock worth $174,000 after buying an additional 19,407 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Uranium Energy by 44.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,367,597 shares of the basic materials company's stock worth $6,537,000 after buying an additional 423,994 shares during the period. Caxton Associates LLP acquired a new position in Uranium Energy in the first quarter valued at $173,000. Finally, Teza Capital Management LLC purchased a new stake in Uranium Energy during the first quarter valued at about $49,000. Hedge funds and other institutional investors own 62.28% of the company's stock.

Uranium Energy Stock Up 0.9%

UEC traded up $0.06 on Friday, hitting $6.65. 12,951,741 shares of the company traded hands, compared to its average volume of 8,955,030. Uranium Energy has a 12-month low of $3.85 and a 12-month high of $8.93. The company has a 50 day moving average of $5.74 and a 200-day moving average of $6.49. The stock has a market capitalization of $2.95 billion, a PE ratio of -39.12 and a beta of 1.39.

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.