Uranium Energy Corp. (NYSEAMERICAN:UEC - Get Free Report) traded up 7.5% during trading on Wednesday . The company traded as high as $7.32 and last traded at $7.51. 12,149,440 shares were traded during trading, an increase of 31% from the average session volume of 9,305,203 shares. The stock had previously closed at $6.98.
Wall Street Analysts Forecast Growth
Separately, BMO Capital Markets assumed coverage on Uranium Energy in a research note on Tuesday, June 3rd. They issued an "outperform" rating and a $7.75 target price on the stock. Five equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Buy" and an average target price of $10.13.
View Our Latest Analysis on UEC
Uranium Energy Stock Performance
The firm has a 50 day moving average price of $6.35 and a two-hundred day moving average price of $6.33. The firm has a market capitalization of $3.57 billion, a P/E ratio of -47.23 and a beta of 1.42.
Hedge Funds Weigh In On Uranium Energy
Institutional investors and hedge funds have recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of 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 purchasing an additional 423,233 shares during the period. Vanguard Group Inc. boosted its position in Uranium Energy by 2.5% in the fourth quarter. Vanguard Group Inc. now owns 25,862,079 shares of the basic materials company's stock valued at $173,017,000 after buying an additional 631,929 shares in the last quarter. MMCAP International Inc. SPC boosted its position in 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 in the last quarter. JPMorgan Chase & Co. boosted its position in Uranium Energy by 45.9% in 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 in the last quarter. Finally, Norges Bank acquired a new position in shares of Uranium Energy during the fourth quarter worth $100,773,000. Institutional investors and hedge funds own 62.28% of the company's stock.
About Uranium Energy
(
Get Free Report)
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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