HC Wainwright set a $4.00 price objective on Uranium Energy (NYSEAMERICAN:UEC) in a research note released on Tuesday. The brokerage currently has a buy rating on the basic materials company’s stock.

A number of other equities analysts also recently weighed in on UEC. Zacks Investment Research downgraded shares of Uranium Energy from a buy rating to a hold rating in a research note on Saturday, August 19th. ValuEngine downgraded shares of Uranium Energy from a hold rating to a sell rating in a research note on Friday, September 8th. Roth Capital began coverage on shares of Uranium Energy in a research note on Wednesday, October 25th. They issued a buy rating and a $3.00 price target on the stock. Finally, Cantor Fitzgerald downgraded shares of Uranium Energy from a buy rating to a sell rating in a research note on Thursday, October 26th. Two investment analysts have rated the stock with a sell rating and three have issued a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus price target of $2.83.

Uranium Energy (NYSEAMERICAN:UEC) opened at $1.33 on Tuesday. Uranium Energy has a one year low of $0.86 and a one year high of $1.92.

A number of large investors have recently modified their holdings of the stock. Vanguard Group Inc. boosted its holdings in Uranium Energy by 12.2% in the second quarter. Vanguard Group Inc. now owns 5,485,254 shares of the basic materials company’s stock worth $8,721,000 after purchasing an additional 596,975 shares in the last quarter. State Street Corp boosted its holdings in Uranium Energy by 3,975.8% in the second quarter. State Street Corp now owns 1,774,011 shares of the basic materials company’s stock worth $2,818,000 after purchasing an additional 1,730,485 shares in the last quarter. Northern Trust Corp boosted its holdings in Uranium Energy by 441.2% in the second quarter. Northern Trust Corp now owns 1,517,722 shares of the basic materials company’s stock worth $2,413,000 after purchasing an additional 1,237,289 shares in the last quarter. Commerzbank Aktiengesellschaft FI boosted its holdings in Uranium Energy by 19.8% in the third quarter. Commerzbank Aktiengesellschaft FI now owns 938,529 shares of the basic materials company’s stock worth $1,295,000 after purchasing an additional 155,150 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in Uranium Energy by 79.4% in the first quarter. Geode Capital Management LLC now owns 886,863 shares of the basic materials company’s stock worth $1,259,000 after purchasing an additional 392,410 shares in the last quarter.

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Uranium Energy Company Profile

Uranium Energy Corp. is engaged in uranium mining and related activities, including exploration, pre-extraction, extraction and processing of uranium concentrates, on projects located in the United States and Paraguay. The Company utilizes in-situ recovery (ISR) mining. The Company has uranium mine located in the state of Texas, the Palangana Mine, which utilizes ISR mining and extracts uranium oxide (U3O8).

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