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

Uranium Energy Corp. (NYSEAMERICAN:UEC - Get Free Report) has earned an average rating of "Buy" from the seven ratings firms that are currently covering the company, MarketBeat Ratings reports. Five research analysts have rated the stock with a buy recommendation and two have issued a strong buy recommendation on the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $10.13.

Several equities analysts recently issued reports on UEC shares. Stifel Nicolaus set a $10.50 price objective on shares of Uranium Energy in a research note on Wednesday, March 12th. BMO Capital Markets started coverage on Uranium Energy in a research note on Tuesday, June 3rd. They set an "outperform" rating and a $7.75 price target on the stock. HC Wainwright reiterated a "buy" rating and issued a $12.25 target price on shares of Uranium Energy in a research note on Thursday, March 13th. Finally, Stifel Canada upgraded Uranium Energy to a "strong-buy" rating in a research report on Tuesday, March 11th.

Uranium Energy Price Performance

NYSEAMERICAN:UEC traded down $0.19 on Friday, reaching $6.46. The stock had a trading volume of 15,007,547 shares, compared to its average volume of 8,920,781. Uranium Energy has a 12-month low of $3.85 and a 12-month high of $8.93. The company has a market cap of $2.87 billion, a price-to-earnings ratio of -38.00 and a beta of 1.39. The firm's fifty day moving average is $5.71 and its two-hundred day moving average is $6.50.

Institutional Investors Weigh In On Uranium Energy

A number of institutional investors have recently added to or reduced their stakes in UEC. US Bancorp DE grew its stake in Uranium Energy by 7.7% during the fourth quarter. US Bancorp DE now owns 22,300 shares of the basic materials company's stock worth $149,000 after buying an additional 1,600 shares during the period. Arizona State Retirement System lifted its holdings in shares of Uranium Energy by 1.4% during the 4th quarter. Arizona State Retirement System now owns 119,397 shares of the basic materials company's stock valued at $799,000 after acquiring an additional 1,692 shares in the last quarter. Sei Investments Co. boosted its position in Uranium Energy by 9.7% during the 4th quarter. Sei Investments Co. now owns 19,381 shares of the basic materials company's stock worth $130,000 after purchasing an additional 1,710 shares during the period. Farther Finance Advisors LLC increased its holdings in Uranium Energy by 43.5% in the 1st quarter. Farther Finance Advisors LLC now owns 7,801 shares of the basic materials company's stock valued at $36,000 after purchasing an additional 2,364 shares in the last quarter. Finally, Xponance Inc. raised its position in Uranium Energy by 7.7% in the first quarter. Xponance Inc. now owns 33,240 shares of the basic materials company's stock valued at $159,000 after purchasing an additional 2,385 shares during the period. Hedge funds and other institutional investors own 62.28% of the company's stock.

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.