Uranium Energy (NYSEAMERICAN:UEC) Shares Gap Up – What’s Next?

Shares of Uranium Energy Corp. (NYSEAMERICAN:UEC) gapped up prior to trading on Wednesday . The stock had previously closed at $5.06, but opened at $5.51. Uranium Energy shares last traded at $5.28, with a volume of 1,892,686 shares traded.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Stifel Nicolaus began coverage on shares of Uranium Energy in a research report on Wednesday. They issued a “buy” rating on the stock. HC Wainwright reaffirmed a “buy” rating and set a $12.25 target price on shares of Uranium Energy in a report on Thursday. 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. National Bank Financial initiated coverage on Uranium Energy in a research note on Wednesday, February 12th. They set an “outperform” rating and a $10.00 price objective for the company. Finally, Stifel Canada upgraded Uranium Energy to a “strong-buy” rating in a research note on Tuesday. Four investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $10.63.

Uranium Energy Stock Performance

The business’s 50 day simple moving average is $6.72. The stock has a market capitalization of $2.20 billion, a price-to-earnings ratio of -43.25 and a beta of 1.88.

Hedge Funds Weigh In On Uranium Energy

A number of hedge funds have recently modified their holdings of the company. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of Uranium Energy during the fourth quarter valued at approximately $9,100,000. Polar Asset Management Partners Inc. bought a new position in Uranium Energy in the 4th quarter worth $2,415,000. Neo Ivy Capital Management purchased a new stake in shares of Uranium Energy in the 4th quarter worth about $2,288,000. Delta Investment Management LLC bought a new stake in shares of Uranium Energy during the 4th quarter valued at about $118,000. Finally, Vanguard Capital Wealth Advisors increased its position in shares of Uranium Energy by 19.1% during the fourth quarter. Vanguard Capital Wealth Advisors now owns 89,900 shares of the basic materials company’s stock valued at $601,000 after buying an additional 14,400 shares during the period. Hedge funds and other 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.