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

Uranium Energy Corp. (NYSEAMERICAN:UEC - Get Free Report) has earned a consensus rating of "Buy" from the seven research firms that are presently covering the stock, MarketBeat Ratings reports. Five investment analysts have rated the stock with a buy recommendation and two have issued a strong buy recommendation on the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $10.13.

Separately, BMO Capital Markets initiated coverage on Uranium Energy in a research report on Tuesday, June 3rd. They issued an "outperform" rating and a $7.75 target price for the company.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Sei Investments Co. lifted its holdings in shares of Uranium Energy by 9.7% during the fourth quarter. Sei Investments Co. now owns 19,381 shares of the basic materials company's stock valued at $130,000 after acquiring an additional 1,710 shares during the period. Arizona State Retirement System increased its stake in shares of Uranium Energy by 1.6% in the first quarter. Arizona State Retirement System now owns 121,359 shares of the basic materials company's stock valued at $580,000 after buying an additional 1,962 shares in the last quarter. Farther Finance Advisors LLC increased its stake in shares of Uranium Energy by 43.5% in the first quarter. Farther Finance Advisors LLC now owns 7,801 shares of the basic materials company's stock valued at $36,000 after buying an additional 2,364 shares in the last quarter. Xponance Inc. increased its stake in shares of 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 buying an additional 2,385 shares in the last quarter. Finally, Summit Investment Advisors Inc. increased its stake in shares of Uranium Energy by 6.6% in the fourth quarter. Summit Investment Advisors Inc. now owns 41,733 shares of the basic materials company's stock valued at $279,000 after buying an additional 2,570 shares in the last quarter. 62.28% of the stock is owned by institutional investors.

Uranium Energy Trading Down 0.7%

UEC stock traded down $0.06 during midday trading on Wednesday, hitting $8.10. The stock had a trading volume of 5,457,104 shares, compared to its average volume of 9,478,405. The firm has a market capitalization of $3.60 billion, a price-to-earnings ratio of -47.66 and a beta of 1.42. Uranium Energy has a 52 week low of $3.85 and a 52 week high of $8.93. The stock has a 50-day simple moving average of $6.31 and a 200 day simple moving average of $6.33.

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.