Uranium Energy (NYSEAMERICAN:UEC) Upgraded by National Bank Financial to “Strong-Buy” Rating

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

Several other equities research analysts also recently weighed in on the stock. National Bankshares set a $10.00 price target on shares of Uranium Energy and gave the company an “outperform” rating in a research report on Wednesday. Roth Mkm reiterated a “buy” rating and set a $10.25 target price (up from $9.75) on shares of Uranium Energy in a research note on Wednesday, October 23rd. Finally, HC Wainwright boosted their price target on Uranium Energy from $10.25 to $11.00 and gave the stock a “buy” rating in a research note on Monday, December 9th.

Uranium Energy Price Performance

Shares of NYSEAMERICAN:UEC opened at $7.06 on Tuesday. Uranium Energy has a 1-year low of $4.06 and a 1-year high of $8.93. The firm’s fifty day moving average is $6.64. The company has a market capitalization of $2.99 billion, a P/E ratio of -58.83 and a beta of 1.88.

Hedge Funds Weigh In On Uranium Energy

A number of institutional investors and hedge funds have recently modified their holdings of UEC. Harbour Investments Inc. lifted its holdings in Uranium Energy by 947.4% in the fourth quarter. Harbour Investments Inc. now owns 3,886 shares of the basic materials company’s stock valued at $26,000 after acquiring an additional 3,515 shares during the period. GAMMA Investing LLC lifted its stake in shares of 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 purchasing an additional 2,789 shares during the period. Farther Finance Advisors LLC lifted its stake in shares of 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 purchasing an additional 4,720 shares during the period. Generali Investments Management Co LLC purchased a new position in shares of Uranium Energy in the fourth quarter worth approximately $30,000. Finally, Quintet Private Bank Europe S.A. bought a new stake in Uranium Energy during the third quarter valued at approximately $33,000. 62.28% of the stock is currently owned by hedge funds and other institutional investors.

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.