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

Key Points

• Consensus Rating: Analysts have given Uranium Energy Corp. a consensus rating of "Buy," with seven ratings for "buy" and three for "strong buy," reflecting positive market sentiment.
• Price Target Increase: Several firms have recently raised their price targets for UEC, with TD Securities increasing it from $8.00 to $13.00, indicating a bullish outlook for the stock.
• Insider Activity: Director David Kong sold 50,800 shares at an average price of $9.62, reducing his position by 21.80%, amidst growing interest from institutional investors.

Shares of Uranium Energy Corp. (NYSEAMERICAN:UEC - Get Free Report) have earned a consensus rating of "Buy" from the ten brokerages that are currently covering the firm, Marketbeat.com reports. Seven analysts have rated the stock with a buy rating and three have given a strong buy rating to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $10.9722.

UEC has been the topic of several analyst reports. The Goldman Sachs Group raised shares of Uranium Energy to a "strong-buy" rating in a research note on Tuesday, August 12th. TD Securities lifted their price target on shares of Uranium Energy from $8.00 to $13.00 and gave the stock a "buy" rating in a research note on Friday, August 15th. Roth Capital lifted their price target on shares of Uranium Energy from $10.50 to $11.50 and gave the stock a "buy" rating in a research note on Wednesday. HC Wainwright lifted their price target on shares of Uranium Energy from $12.25 to $12.75 and gave the stock a "buy" rating in a research note on Wednesday, August 6th. Finally, BMO Capital Markets initiated coverage on shares of Uranium Energy in a research note on Tuesday, June 3rd. They set an "outperform" rating and a $7.75 price target on the stock.

Uranium Energy Trading Up 4.8%

Shares of UEC stock opened at $11.51 on Thursday. The company's fifty day simple moving average is $8.75 and its 200-day simple moving average is $6.67. Uranium Energy has a 52 week low of $3.85 and a 52 week high of $11.61. The company has a market cap of $5.11 billion, a PE ratio of -67.70 and a beta of 1.42.

Insider Transactions at Uranium Energy

In related news, Director David Kong sold 50,800 shares of Uranium Energy stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $9.62, for a total transaction of $488,696.00. Following the sale, the director owned 182,237 shares of the company's stock, valued at $1,753,119.94. The trade was a 21.80% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 2.00% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Versant Capital Management Inc bought a new stake in Uranium Energy in the 1st quarter valued at about $27,000. IFP Advisors Inc raised its holdings in shares of Uranium Energy by 732.8% in the 2nd quarter. IFP Advisors Inc now owns 3,981 shares of the basic materials company's stock worth $27,000 after purchasing an additional 3,503 shares in the last quarter. Operose Advisors LLC purchased a new position in shares of Uranium Energy in the second quarter worth approximately $34,000. Farther Finance Advisors LLC increased its position 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 worth $36,000 after acquiring an additional 2,364 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Uranium Energy in the first quarter worth approximately $36,000. 62.28% of the stock is owned by institutional investors and hedge funds.

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.

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