Uranium Energy’s (UEC) Buy Rating Reaffirmed at HC Wainwright

HC Wainwright reissued their buy rating on shares of Uranium Energy (NYSEAMERICAN:UEC) in a research report sent to investors on Tuesday, Benzinga reports. They currently have a $10.25 price target on the basic materials company’s stock.

Separately, Roth Mkm restated a buy rating and set a $9.00 target price on shares of Uranium Energy in a research report on Wednesday, August 14th. One equities research analyst has rated the stock with a sell rating and four have given a buy rating to the stock. According to MarketBeat, Uranium Energy has a consensus rating of Moderate Buy and an average price target of $10.31.

Uranium Energy Stock Performance

Shares of NYSEAMERICAN:UEC opened at $6.37 on Tuesday. The stock has a market capitalization of $2.60 billion, a PE ratio of -212.17 and a beta of 1.84. Uranium Energy has a 12-month low of $4.06 and a 12-month high of $8.34. The firm’s 50 day moving average is $6.44.

Insider Activity

In related news, CEO Amir Adnani bought 60,000 shares of the stock in a transaction dated Friday, September 6th. The stock was bought at an average price of $4.10 per share, with a total value of $246,000.00. Following the purchase, the chief executive officer now owns 4,242,326 shares in the company, valued at approximately $17,393,536.60. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Uranium Energy news, CEO Amir Adnani purchased 60,000 shares of the stock in a transaction on Friday, September 6th. The stock was acquired at an average price of $4.10 per share, with a total value of $246,000.00. Following the transaction, the chief executive officer now directly owns 4,242,326 shares of the company’s stock, valued at approximately $17,393,536.60. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Scott Melbye purchased 9,500 shares of the stock in a transaction on Friday, September 6th. The shares were acquired at an average cost of $4.18 per share, with a total value of $39,710.00. Following the transaction, the executive vice president now directly owns 988,031 shares in the company, valued at $4,129,969.58. The disclosure for this purchase can be found here. 2.40% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Strategic Investment Solutions Inc. IL bought a new position in shares of Uranium Energy in the 2nd quarter worth approximately $26,000. EntryPoint Capital LLC grew its stake in shares of Uranium Energy by 897.7% in the 1st quarter. EntryPoint Capital LLC now owns 4,340 shares of the basic materials company’s stock worth $29,000 after buying an additional 3,905 shares during the last quarter. EP Wealth Advisors LLC purchased a new stake in shares of Uranium Energy in the 4th quarter worth approximately $64,000. Parallel Advisors LLC grew its stake in shares of Uranium Energy by 39.7% in the 4th quarter. Parallel Advisors LLC now owns 10,293 shares of the basic materials company’s stock worth $66,000 after buying an additional 2,923 shares during the last quarter. Finally, Kingswood Wealth Advisors LLC purchased a new stake in Uranium Energy during the 1st quarter valued at $68,000. Institutional investors 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.