HC Wainwright Reiterates “Buy” Rating for Uranium Energy (NYSEAMERICAN:UEC)

Uranium Energy (NYSEAMERICAN:UEC)‘s stock had its “buy” rating restated by research analysts at HC Wainwright in a note issued to investors on Thursday,Benzinga reports. They presently have a $12.25 price objective on the basic materials company’s stock. HC Wainwright’s price objective would suggest a potential upside of 138.79% from the company’s previous close.

UEC has been the topic of several other reports. Stifel Nicolaus initiated coverage on Uranium Energy in a research report on Wednesday. They set a “buy” rating on the stock. Stifel Canada upgraded Uranium Energy to a “strong-buy” rating in a research report on Tuesday. National Bankshares set a $10.00 price target on Uranium Energy and gave the stock an “outperform” rating in a research note on Wednesday, February 12th. Finally, National Bank Financial started coverage on Uranium Energy in a research report on Wednesday, February 12th. They set an “outperform” rating and a $10.00 price objective for the company. Four research analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $10.63.

Uranium Energy Trading Up 1.4 %

Shares of NYSEAMERICAN UEC opened at $5.13 on Thursday. The firm has a fifty day simple moving average of $6.72 and a two-hundred day simple moving average of $6.92. Uranium Energy has a 12 month low of $4.06 and a 12 month high of $8.93. The firm has a market capitalization of $2.17 billion, a PE ratio of -42.75 and a beta of 1.88.

Hedge Funds Weigh In On Uranium Energy

A number of hedge funds have recently bought and sold shares of UEC. Harbour Investments Inc. increased its holdings in shares of Uranium Energy by 947.4% in the 4th quarter. Harbour Investments Inc. now owns 3,886 shares of the basic materials company’s stock worth $26,000 after purchasing an additional 3,515 shares in the last quarter. GAMMA Investing LLC increased its holdings in Uranium Energy by 180.1% in the 4th quarter. GAMMA Investing LLC now owns 4,338 shares of the basic materials company’s stock worth $29,000 after buying an additional 2,789 shares in the last quarter. Farther Finance Advisors LLC raised its position in Uranium Energy by 5,130.4% in the 3rd quarter. Farther Finance Advisors LLC now owns 4,812 shares of the basic materials company’s stock worth $30,000 after buying an additional 4,720 shares during the last quarter. Generali Investments Management Co LLC purchased a new position in Uranium Energy in the 4th quarter worth about $30,000. Finally, BNP Paribas bought a new position in Uranium Energy during the 3rd quarter valued at about $38,000. 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.