Uranium Energy (NYSEAMERICAN:UEC) Given a $10.00 Price Target by National Bankshares Analysts

Uranium Energy (NYSEAMERICAN:UEC) has been assigned a $10.00 price objective by research analysts at National Bankshares in a research report issued to clients and investors on Wednesday,BayStreet.CA reports. The firm currently has an “outperform” rating on the basic materials company’s stock. National Bankshares’ price objective suggests a potential upside of 42.55% from the company’s previous close.

A number of other research firms also recently commented on UEC. Roth Mkm restated a “buy” rating and set a $10.25 price objective (up from $9.75) on shares of Uranium Energy in a report on Wednesday, October 23rd. National Bank Financial initiated coverage on Uranium Energy in a report on Wednesday. They set an “outperform” rating and a $10.00 price objective for the company. Finally, HC Wainwright increased their price target on Uranium Energy from $10.25 to $11.00 and gave the company a “buy” rating in a report on Monday, December 9th.

Uranium Energy Price Performance

Shares of Uranium Energy stock traded up $0.13 during trading hours on Wednesday, reaching $7.02. 3,792,001 shares of the company’s stock were exchanged, compared to its average volume of 6,758,782. Uranium Energy has a 52-week low of $4.06 and a 52-week high of $8.93. The company has a market capitalization of $2.97 billion, a price-to-earnings ratio of -58.54 and a beta of 1.88. The company’s fifty day moving average is $6.64.

Hedge Funds Weigh In On Uranium Energy

A number of large investors have recently bought and sold shares of UEC. Creative Planning raised its holdings in shares of Uranium Energy by 13.3% during the second quarter. Creative Planning now owns 50,157 shares of the basic materials company’s stock valued at $301,000 after buying an additional 5,871 shares during the last quarter. Vontobel Holding Ltd. raised its holdings in shares of Uranium Energy by 3.9% during the third quarter. Vontobel Holding Ltd. now owns 38,548 shares of the basic materials company’s stock valued at $239,000 after buying an additional 1,461 shares during the last quarter. Sequoia Financial Advisors LLC raised its holdings in shares of Uranium Energy by 96.4% during the third quarter. Sequoia Financial Advisors LLC now owns 25,640 shares of the basic materials company’s stock valued at $159,000 after buying an additional 12,582 shares during the last quarter. Saxony Capital Management LLC bought a new stake in shares of Uranium Energy during the third quarter valued at approximately $81,000. Finally, International Assets Investment Management LLC raised its holdings in shares of Uranium Energy by 222.7% during the third quarter. International Assets Investment Management LLC now owns 26,610 shares of the basic materials company’s stock valued at $165,000 after buying an additional 18,365 shares during the last quarter. Institutional investors own 62.28% of the company’s stock.

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.