Uranium Energy (NYSEAMERICAN:UEC) Upgraded by Stifel Canada to “Strong-Buy” Rating

Stifel Canada upgraded shares of Uranium Energy (NYSEAMERICAN:UEC) to a strong-buy rating in a report released on Tuesday,Zacks.com reports.

Several other research analysts have also issued reports on the company. Stifel Nicolaus started coverage on Uranium Energy in a research note on Wednesday. They set a “buy” rating for the company. HC Wainwright increased their price objective on Uranium Energy from $10.25 to $11.00 and gave the stock a “buy” rating in a research note on Monday, December 9th. National Bank Financial started coverage on Uranium Energy in a research note on Wednesday, February 12th. They issued an “outperform” rating and a $10.00 target price for the company. Finally, National Bankshares set a $10.00 target price on Uranium Energy and gave the company an “outperform” rating in a research note on Wednesday, February 12th. Four analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $10.31.

Uranium Energy Trading Up 1.4 %

Shares of NYSEAMERICAN UEC opened at $5.13 on Tuesday. The business has a fifty day simple moving average of $6.72 and a 200 day simple moving average of $6.92. The firm has a market capitalization of $2.17 billion, a price-to-earnings ratio of -42.75 and a beta of 1.88. Uranium Energy has a one year low of $4.06 and a one year high of $8.93.

Hedge Funds Weigh In On Uranium Energy

Hedge funds have recently added to or reduced their stakes in the company. Harbour Investments Inc. boosted its holdings in Uranium Energy by 947.4% during the fourth quarter. Harbour Investments Inc. now owns 3,886 shares of the basic materials company’s stock worth $26,000 after buying an additional 3,515 shares during the last quarter. GAMMA Investing LLC boosted its holdings in Uranium Energy by 180.1% during the fourth 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 during the last quarter. Generali Investments Management Co LLC bought a new position in Uranium Energy during the fourth quarter worth about $30,000. Farther Finance Advisors LLC boosted its holdings in Uranium Energy by 5,130.4% during the third 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. Finally, BNP Paribas bought a new position in Uranium Energy during the third quarter worth about $38,000. 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.