Uranium Energy (NYSEAMERICAN:UEC) Price Target Raised to $19.75

Key Points

• Uranium Energy has had its price target raised by HC Wainwright from $12.75 to $19.75, indicating a potential upside of 44.37% from its current price.
• Multiple analysts have upgraded their ratings and price targets for Uranium Energy, with a consensus rating of "Buy" and an average price target of $12.95.
• Insider trading activity includes Director David Kong selling 50,800 shares, resulting in a 21.80% decrease in their ownership of the stock.

Uranium Energy (NYSEAMERICAN:UEC - Get Free Report) had its price target boosted by equities research analysts at HC Wainwright from $12.75 to $19.75 in a research note issued on Thursday,Benzinga reports. The brokerage presently has a "buy" rating on the basic materials company's stock. HC Wainwright's target price points to a potential upside of 44.37% from the stock's current price.

Several other analysts also recently weighed in on the stock. BMO Capital Markets reaffirmed a "market perform" rating and set a $14.00 price target (up previously from $7.75) on shares of Uranium Energy in a research note on Thursday. TD Securities lifted their price target on shares of Uranium Energy from $8.00 to $13.00 and gave the company a "buy" rating in a research note on Friday, August 15th. Zacks Research raised shares of Uranium Energy from a "strong sell" rating to a "hold" rating in a research note on Monday. Canaccord Genuity Group set a $17.50 price target on shares of Uranium Energy and gave the company a "buy" rating in a research note on Wednesday. Finally, The Goldman Sachs Group raised shares of Uranium Energy to a "strong-buy" rating in a research note on Tuesday, August 12th. Three analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, Uranium Energy has a consensus rating of "Buy" and a consensus price target of $12.95.

Uranium Energy Price Performance

Shares of NYSEAMERICAN UEC opened at $13.68 on Thursday. The company has a market cap of $6.08 billion, a P/E ratio of -80.47 and a beta of 1.42. Uranium Energy has a 1 year low of $3.85 and a 1 year high of $15.06. The firm has a 50-day simple moving average of $10.48 and a two-hundred day simple moving average of $7.32.

Insider Transactions at Uranium Energy

In other Uranium Energy 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 value of $488,696.00. Following the transaction, the director directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.00% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Uranium Energy

Several institutional investors and hedge funds have recently bought and sold shares of UEC. Versant Capital Management Inc purchased a new position in Uranium Energy in the first quarter worth $27,000. IFP Advisors Inc grew its holdings 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 purchasing an additional 3,503 shares during the last quarter. Operose Advisors LLC purchased a new position in Uranium Energy in the second quarter worth $34,000. Farther Finance Advisors LLC grew its holdings in 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 purchasing an additional 2,364 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new position in Uranium Energy in the first quarter worth $36,000. 62.28% of the stock is owned by hedge funds and other 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.

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