Uranium Energy (NYSEAMERICAN:UEC) Coverage Initiated by Analysts at National Bank Financial

Equities research analysts at National Bank Financial assumed coverage on shares of Uranium Energy (NYSEAMERICAN:UEC) in a report released on Wednesday,Briefing.com Automated Import reports. The firm set an “outperform” rating and a $10.00 price target on the basic materials company’s stock. National Bank Financial’s price objective suggests a potential upside of 45.14% from the stock’s current price.

A number of other analysts also recently commented on the stock. Roth Mkm reiterated a “buy” rating and issued a $10.25 target price (up from $9.75) on shares of Uranium Energy in a report on Wednesday, October 23rd. HC Wainwright boosted their target price on shares of Uranium Energy from $10.25 to $11.00 and gave the stock a “buy” rating in a report on Monday, December 9th.

Uranium Energy Price Performance

UEC stock opened at $6.89 on Wednesday. Uranium Energy has a 52 week low of $4.06 and a 52 week high of $8.93. The company has a market cap of $2.92 billion, a P/E ratio of -57.42 and a beta of 1.88. The stock’s 50-day moving average is $6.64.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of UEC. SG Americas Securities LLC boosted its holdings in shares of Uranium Energy by 107.6% during the 4th quarter. SG Americas Securities LLC now owns 351,233 shares of the basic materials company’s stock worth $2,350,000 after buying an additional 182,016 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new stake in shares of Uranium Energy during the 3rd quarter worth $12,643,000. Van ECK Associates Corp boosted its holdings in shares of Uranium Energy by 78.0% during the 3rd quarter. Van ECK Associates Corp now owns 4,956,971 shares of the basic materials company’s stock worth $30,783,000 after buying an additional 2,171,468 shares during the period. Intech Investment Management LLC bought a new stake in shares of Uranium Energy during the 3rd quarter worth $600,000. Finally, Barclays PLC boosted its holdings in shares of Uranium Energy by 394.5% during the 3rd quarter. Barclays PLC now owns 697,045 shares of the basic materials company’s stock worth $4,329,000 after buying an additional 556,081 shares during the period. Institutional investors and hedge funds 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.