Uranium Energy (NYSEAMERICAN:UEC) Stock Price Up 6% – What’s Next?

Uranium Energy Corp. (NYSEAMERICAN:UEC) shares shot up 6% on Monday . The company traded as high as $5.41 and last traded at $5.39. 649,251 shares traded hands during mid-day trading, a decline of 92% from the average session volume of 7,747,881 shares. The stock had previously closed at $5.08.

Analyst Ratings Changes

UEC has been the topic of a number of analyst reports. National Bankshares set a $10.00 price target on Uranium Energy and gave the company an “outperform” rating in a research note on Wednesday, February 12th. Stifel Canada raised Uranium Energy to a “strong-buy” rating in a report on Tuesday, March 11th. HC Wainwright reissued a “buy” rating and set a $12.25 price objective on shares of Uranium Energy in a report on Thursday, March 13th. Stifel Nicolaus set a $10.50 target price on shares of Uranium Energy in a report on Wednesday, March 12th. Finally, National Bank Financial initiated coverage on shares of Uranium Energy in a research note on Wednesday, February 12th. They set an “outperform” rating and a $10.00 price target on the stock. Four investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, Uranium Energy has a consensus rating of “Buy” and a consensus price target of $10.60.

Uranium Energy Stock Performance

The stock has a market capitalization of $2.34 billion, a PE ratio of -46.00 and a beta of 1.88. The company’s fifty day simple moving average is $6.57 and its two-hundred day simple moving average is $6.87.

Institutional Investors Weigh In On Uranium Energy

A number of institutional investors and hedge funds have recently bought and sold shares of UEC. Stonehage Fleming Financial Services Holdings Ltd raised its position in shares of Uranium Energy by 21.1% in the fourth quarter. Stonehage Fleming Financial Services Holdings Ltd now owns 7,870 shares of the basic materials company’s stock valued at $53,000 after buying an additional 1,370 shares during the last quarter. Integrated Wealth Concepts LLC raised its holdings in Uranium Energy by 4.4% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 36,773 shares of the basic materials company’s stock valued at $228,000 after acquiring an additional 1,560 shares during the last quarter. US Bancorp DE lifted its stake in shares of Uranium Energy by 7.7% during the 4th quarter. US Bancorp DE now owns 22,300 shares of the basic materials company’s stock worth $149,000 after purchasing an additional 1,600 shares during the period. Arizona State Retirement System boosted its holdings in shares of Uranium Energy by 1.4% during the fourth quarter. Arizona State Retirement System now owns 119,397 shares of the basic materials company’s stock worth $799,000 after purchasing an additional 1,692 shares during the last quarter. Finally, Sei Investments Co. increased its stake in Uranium Energy by 9.7% in the fourth quarter. Sei Investments Co. now owns 19,381 shares of the basic materials company’s stock valued at $130,000 after purchasing an additional 1,710 shares during the last quarter. Hedge funds and other 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.