Uranium Energy Corp. (NYSEAMERICAN:UEC) Receives Consensus Rating of "Buy" from Brokerages

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

Separately, BMO Capital Markets started coverage on shares of Uranium Energy in a research report on Tuesday, June 3rd. They set an "outperform" rating and a $7.75 price objective on the stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Charles Schwab Investment Management Inc. increased its position in shares of Uranium Energy by 2.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,409,129 shares of the basic materials company's stock worth $22,807,000 after purchasing an additional 88,633 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in Uranium Energy during the 4th quarter worth approximately $1,007,000. PNC Financial Services Group Inc. grew its position in Uranium Energy by 258.3% during the 4th quarter. PNC Financial Services Group Inc. now owns 32,572 shares of the basic materials company's stock worth $218,000 after purchasing an additional 23,481 shares during the last quarter. Avantax Advisory Services Inc. purchased a new stake in Uranium Energy during the 4th quarter worth approximately $291,000. Finally, Swiss National Bank grew its position in Uranium Energy by 1.4% during the 4th quarter. Swiss National Bank now owns 809,200 shares of the basic materials company's stock worth $5,414,000 after purchasing an additional 11,300 shares during the last quarter. Hedge funds and other institutional investors own 62.28% of the company's stock.

Uranium Energy Price Performance

Uranium Energy stock traded down $0.13 during trading hours on Wednesday, reaching $8.03. The stock had a trading volume of 17,596,442 shares, compared to its average volume of 9,537,629. The stock has a market cap of $3.57 billion, a PE ratio of -47.23 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 company has a fifty day simple moving average of $6.35 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.