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

Key Points

• Uranium Energy Corp. has received a consensus rating of "Moderate Buy" from eleven analysts, with a price target averaging $14.19.
• Insider activity shows Director David Kong sold 50,800 shares at an average price of $9.62, reducing his ownership by 21.80%.
• Institutional investors hold 62.28% of Uranium Energy's stock, with significant increases in positions from firms like IFP Advisors and Oarsman Capital.

Shares of Uranium Energy Corp. (NYSEAMERICAN:UEC - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the eleven analysts that are covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell rating, one has issued a hold rating, seven have given a buy rating and two have issued a strong buy rating on the company. The average 1 year price target among brokers that have covered the stock in the last year is $14.1944.

Several equities analysts have recently issued reports on the stock. BMO Capital Markets reissued a "market perform" rating and set a $14.00 price target (up previously from $7.75) on shares of Uranium Energy in a report on Thursday, September 25th. Stifel Nicolaus assumed coverage on shares of Uranium Energy in a report on Monday, October 6th. They set a "buy" rating and a $10.50 price target for the company. HC Wainwright boosted their price target on shares of Uranium Energy from $12.75 to $19.75 and gave the company a "buy" rating in a report on Thursday, September 25th. Stifel Canada raised shares of Uranium Energy to a "strong-buy" rating in a report on Friday, October 3rd. Finally, Canaccord Genuity Group set a $17.50 price target on shares of Uranium Energy and gave the company a "buy" rating in a report on Wednesday, September 24th.

Insider Activity

In other news, Director David Kong sold 50,800 shares of the business's 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 completion of the transaction, the director owned 182,237 shares of the company's stock, valued at approximately $1,753,119.94. The trade was a 21.80% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 2.00% of the company's stock.

Institutional Investors Weigh In On Uranium Energy

A number of hedge funds and other institutional investors have recently modified their holdings of UEC. IFP Advisors Inc raised its position in Uranium Energy by 732.8% in the second quarter. IFP Advisors Inc now owns 3,981 shares of the basic materials company's stock worth $27,000 after acquiring an additional 3,503 shares in the last quarter. Operose Advisors LLC acquired a new stake in Uranium Energy in the 2nd quarter valued at about $34,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in Uranium Energy in the 1st quarter valued at about $36,000. Oarsman Capital Inc. lifted its holdings in Uranium Energy by 900.0% in the 1st quarter. Oarsman Capital Inc. now owns 10,000 shares of the basic materials company's stock valued at $48,000 after acquiring an additional 9,000 shares during the last quarter. Finally, Teza Capital Management LLC acquired a new stake in Uranium Energy in the 1st quarter valued at about $49,000. 62.28% of the stock is currently owned by institutional investors.

Uranium Energy Price Performance

Uranium Energy stock opened at $13.32 on Friday. The company has a market cap of $6.44 billion, a PE ratio of -78.35 and a beta of 1.40. The company has a fifty day moving average price of $12.60 and a two-hundred day moving average price of $8.64. Uranium Energy has a 12 month low of $3.85 and a 12 month high of $17.80.

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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