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

Uranium Energy Corp. (NYSEAMERICAN:UEC - Get Free Report) has been assigned a consensus rating of "Buy" from the six ratings firms that are presently covering the stock, MarketBeat.com reports. Four research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $10.60.

UEC has been the subject of a number of recent research reports. Stifel Canada raised shares of Uranium Energy to a "strong-buy" rating in a report on Tuesday, March 11th. Stifel Nicolaus set a $10.50 price objective on shares of Uranium Energy in a report on Wednesday, March 12th. HC Wainwright reaffirmed a "buy" rating and set a $12.25 price target on shares of Uranium Energy in a report on Thursday, March 13th. National Bank Financial began coverage on shares of Uranium Energy in a report on Wednesday, February 12th. They set an "outperform" rating and a $10.00 price target for the company. Finally, National Bankshares set a $10.00 price target on shares of Uranium Energy and gave the stock an "outperform" rating in a report on Wednesday, February 12th.

Uranium Energy Trading Down 4.8%

Shares of Uranium Energy stock traded down $0.30 during trading on Tuesday, hitting $6.01. 15,476,823 shares of the stock were exchanged, compared to its average volume of 8,423,394. The stock has a market capitalization of $2.54 billion, a price-to-earnings ratio of -50.08 and a beta of 1.88. The company has a fifty day moving average price of $5.15 and a 200-day moving average price of $6.43. Uranium Energy has a 1-year low of $3.85 and a 1-year high of $8.93.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Uranium Energy by 1.5% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 29,230,344 shares of the basic materials company's stock worth $195,551,000 after acquiring an additional 423,233 shares in the last quarter. Vanguard Group Inc. boosted its stake in Uranium Energy by 2.5% during the fourth quarter. Vanguard Group Inc. now owns 25,862,079 shares of the basic materials company's stock worth $173,017,000 after acquiring an additional 631,929 shares in the last quarter. MMCAP International Inc. SPC boosted its stake in Uranium Energy by 8.6% during the first quarter. MMCAP International Inc. SPC now owns 19,716,341 shares of the basic materials company's stock worth $94,244,000 after acquiring an additional 1,559,173 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in Uranium Energy by 45.9% during the fourth quarter. JPMorgan Chase & Co. now owns 15,842,713 shares of the basic materials company's stock worth $105,988,000 after acquiring an additional 4,982,949 shares in the last quarter. Finally, Norges Bank bought a new position in Uranium Energy during the fourth quarter worth $100,773,000. 62.28% of the stock is owned by institutional investors.

About Uranium Energy

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.