Uranium Energy (NYSEAMERICAN:UEC) Research Coverage Started at Stifel Nicolaus

Stifel Nicolaus started coverage on shares of Uranium Energy (NYSEAMERICAN:UEC) in a research note issued to investors on Wednesday morning, Marketbeat Ratings reports. The firm issued a buy rating on the basic materials company’s stock.

A number of other research analysts have also issued reports on the stock. HC Wainwright increased their target price on shares of Uranium Energy from $10.25 to $11.00 and gave the stock a “buy” rating in a research report on Monday, December 9th. National Bankshares set a $10.00 price target on shares of Uranium Energy and gave the stock an “outperform” rating in a report on Wednesday, February 12th. Finally, National Bank Financial began coverage on shares of Uranium Energy in a report on Wednesday, February 12th. They set an “outperform” rating and a $10.00 price target for the company. Four 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, Uranium Energy currently has a consensus rating of “Buy” and a consensus price target of $10.63.

Uranium Energy Stock Down 2.1 %

Shares of NYSEAMERICAN:UEC opened at $5.08 on Wednesday. The company’s 50 day moving average price is $6.68 and its two-hundred day moving average price is $6.90. Uranium Energy has a 12-month low of $4.06 and a 12-month high of $8.93. The firm has a market cap of $2.15 billion, a PE ratio of -42.33 and a beta of 1.88.

Hedge Funds Weigh In On Uranium Energy

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. SG Americas Securities LLC increased its position in Uranium Energy by 107.6% in the 4th quarter. SG Americas Securities LLC now owns 351,233 shares of the basic materials company’s stock valued at $2,350,000 after acquiring an additional 182,016 shares during the period. Van ECK Associates Corp increased its position in Uranium Energy by 33.2% in the 4th quarter. Van ECK Associates Corp now owns 6,602,890 shares of the basic materials company’s stock valued at $44,174,000 after acquiring an additional 1,645,919 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new position in Uranium Energy in the 3rd quarter valued at approximately $12,643,000. Intech Investment Management LLC acquired a new position in Uranium Energy in the 3rd quarter valued at approximately $600,000. Finally, Barclays PLC increased its position in Uranium Energy by 394.5% in the 3rd quarter. Barclays PLC now owns 697,045 shares of the basic materials company’s stock valued at $4,329,000 after acquiring an additional 556,081 shares during the period. 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.