Investors Purchase High Volume of Uranium Energy Call Options (NYSEAMERICAN:UEC)

Uranium Energy Corp. (NYSEAMERICAN:UEC - Get Free Report) was the target of some unusual options trading activity on Monday. Stock traders purchased 23,964 call options on the company. This is an increase of 113% compared to the average volume of 11,237 call options.

Analyst Upgrades and Downgrades

A number of research analysts have commented on UEC shares. HC Wainwright restated a "buy" rating and set a $12.25 price target on shares of Uranium Energy in a research note on Thursday, March 13th. Stifel Nicolaus set a $10.50 target price on Uranium Energy in a report on Wednesday, March 12th. Stifel Canada upgraded shares of Uranium Energy to a "strong-buy" rating in a research note on Tuesday, March 11th. Finally, BMO Capital Markets began coverage on shares of Uranium Energy in a research note on Tuesday, June 3rd. They issued an "outperform" rating and a $7.75 price objective for the company. Five investment analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus price target of $10.13.

Institutional Trading of Uranium Energy

Several institutional investors and hedge funds have recently added to or reduced their stakes in UEC. Harbour Investments Inc. raised its holdings in Uranium Energy by 947.4% during the fourth quarter. Harbour Investments Inc. now owns 3,886 shares of the basic materials company's stock worth $26,000 after purchasing an additional 3,515 shares in the last quarter. Versant Capital Management Inc purchased a new position in shares of Uranium Energy during the 1st quarter worth approximately $27,000. Generali Investments Management Co LLC purchased a new position in shares of Uranium Energy during the 4th quarter worth approximately $30,000. Farther Finance Advisors LLC lifted its holdings in shares of Uranium Energy by 43.5% in the 1st quarter. Farther Finance Advisors LLC now owns 7,801 shares of the basic materials company's stock valued at $36,000 after buying an additional 2,364 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Uranium Energy in the first quarter valued at approximately $36,000. 62.28% of the stock is owned by hedge funds and other institutional investors.

Uranium Energy Trading Up 6.7%

Shares of Uranium Energy stock traded up $0.42 during trading on Monday, reaching $6.67. The company's stock had a trading volume of 30,048,186 shares, compared to its average volume of 8,848,866. The company has a 50-day moving average price of $5.48 and a two-hundred day moving average price of $6.51. Uranium Energy has a fifty-two week low of $3.85 and a fifty-two week high of $8.93. The firm has a market cap of $2.82 billion, a PE ratio of -55.58 and a beta of 1.88.

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.