Uranium Energy (NYSEAMERICAN:UEC) Now Covered by BMO Capital Markets

BMO Capital Markets began coverage on shares of Uranium Energy (NYSEAMERICAN:UEC - Get Free Report) in a research report issued to clients and investors on Tuesday, MarketBeat.com reports. The firm set an "outperform" rating and a $7.75 price target on the basic materials company's stock. BMO Capital Markets' price target would indicate a potential upside of 26.02% from the company's current price.

A number of other brokerages have also recently commented on UEC. National Bank Financial began coverage on shares of Uranium Energy in a report on Wednesday, February 12th. They issued an "outperform" rating and a $10.00 target price on the stock. HC Wainwright reaffirmed a "buy" rating and issued a $12.25 target price on shares of Uranium Energy in a report on Thursday, March 13th. Stifel Nicolaus set a $10.50 price target on Uranium Energy in a report on Wednesday, March 12th. Stifel Canada raised Uranium Energy to a "strong-buy" rating in a research note on Tuesday, March 11th. Finally, National Bankshares set a $10.00 price objective on Uranium Energy and gave the stock an "outperform" rating in a research report on Wednesday, February 12th. Five research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and an average target price of $10.13.

Uranium Energy Stock Down 3.3%

UEC traded down $0.21 on Tuesday, reaching $6.15. The company had a trading volume of 11,495,167 shares, compared to its average volume of 8,562,724. Uranium Energy has a 1 year low of $3.85 and a 1 year high of $8.93. The stock has a market capitalization of $2.60 billion, a PE ratio of -51.25 and a beta of 1.88. The stock has a 50-day moving average price of $5.20 and a 200-day moving average price of $6.44.

Institutional Trading of Uranium Energy

Several large investors have recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Uranium Energy by 1.5% during the 4th 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 purchasing an additional 423,233 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of 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 buying an additional 631,929 shares in the last quarter. MMCAP International Inc. SPC raised its position in shares of Uranium Energy by 8.6% in the first quarter. MMCAP International Inc. SPC now owns 19,716,341 shares of the basic materials company's stock valued at $94,244,000 after buying an additional 1,559,173 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of 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 valued at $105,988,000 after buying an additional 4,982,949 shares during the period. Finally, Norges Bank acquired a new stake in Uranium Energy during the fourth quarter worth approximately $100,773,000. Institutional investors and hedge funds own 62.28% of the company's stock.

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.