Uranium Energy (NYSEAMERICAN:UEC) Coverage Initiated by Analysts at Stifel Nicolaus

Key Points

• Analysts at Stifel Nicolaus initiated coverage on Uranium Energy (NYSEAMERICAN:UEC) with a "buy" rating and a price target of $10.50, indicating a potential downside of 22.15% from its previous close.
• The average rating for Uranium Energy currently stands at "Buy" with a consensus price target of $13.80, following multiple upgrades from various analysts.
• The stock has demonstrated a significant upward trend, closing at $13.49, and has seen substantial institutional interest with 62.28% of shares owned by institutional investors.

Stock analysts at Stifel Nicolaus initiated coverage on shares of Uranium Energy (NYSEAMERICAN:UEC - Get Free Report) in a research note issued on Monday. The firm set a "buy" rating and a $10.50 price target on the basic materials company's stock. Stifel Nicolaus' target price would suggest a potential downside of 22.15% from the stock's previous close.

UEC has been the subject of a number of other reports. The Goldman Sachs Group lifted their target price on Uranium Energy from $13.00 to $17.00 and gave the company a "buy" rating in a research report on Friday, September 26th. BMO Capital Markets restated a "market perform" rating and issued a $14.00 price objective (up from $7.75) on shares of Uranium Energy in a report on Thursday, September 25th. Zacks Research upgraded Uranium Energy from a "strong sell" rating to a "hold" rating in a report on Monday, September 22nd. 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. Finally, TD Securities boosted their price target on shares of Uranium Energy from $8.00 to $13.00 and gave the company a "buy" rating in a report on Friday, August 15th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus price target of $13.80.

Uranium Energy Stock Up 2.1%

UEC traded up $0.28 on Monday, reaching $13.49. 3,649,266 shares of the company traded hands, compared to its average volume of 11,930,780. The firm has a fifty day simple moving average of $11.19 and a two-hundred day simple moving average of $7.75. Uranium Energy has a one year low of $3.85 and a one year high of $15.06. The company has a market cap of $6.27 billion, a P/E ratio of -78.85 and a beta of 1.40.

Insider Transactions at Uranium Energy

In related news, Director David Kong sold 50,800 shares of the company's stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $9.62, for a total transaction of $488,696.00. Following the transaction, the director directly owned 182,237 shares of the company's stock, valued at $1,753,119.94. This represents a 21.80% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 2.00% of the stock is owned by corporate insiders.

Institutional Trading of Uranium Energy

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. IFP Advisors Inc grew its stake in shares of Uranium Energy by 732.8% during 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 during the period. Operose Advisors LLC acquired a new stake in shares of Uranium Energy during the 2nd quarter valued at about $34,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Uranium Energy during the 1st quarter valued at about $36,000. Farther Finance Advisors LLC grew its position in shares of Uranium Energy by 43.5% during the 1st quarter. Farther Finance Advisors LLC now owns 7,801 shares of the basic materials company's stock valued at $36,000 after acquiring an additional 2,364 shares during the period. Finally, Oarsman Capital Inc. grew its position in shares of Uranium Energy by 900.0% during 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 period. 62.28% of the stock is owned by institutional investors and hedge funds.

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.

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