Uranium Energy (NYSEAMERICAN:UEC) Trading Up 3.2%

Uranium Energy Corp. (NYSEAMERICAN:UEC) traded up 3.2% on Tuesday . The stock traded as high as $4.52 and last traded at $4.52. 1,703,556 shares were traded during trading, a decline of 76% from the average session volume of 7,153,934 shares. The stock had previously closed at $4.38.

Analyst Upgrades and Downgrades

UEC has been the topic of a number of research analyst reports. HC Wainwright reaffirmed a “buy” rating and issued a $10.25 target price on shares of Uranium Energy in a report on Wednesday, August 14th. Roth Mkm reaffirmed a “buy” rating and issued a $9.00 price objective on shares of Uranium Energy in a research note on Wednesday, August 14th. One research analyst has rated the stock with a sell rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $9.35.

Uranium Energy Stock Performance

The stock’s 50-day simple moving average is $6.58.

Uranium Energy (NYSEAMERICAN:UEC) last announced its quarterly earnings data on Friday, June 7th. The basic materials company reported ($0.05) EPS for the quarter, missing the consensus estimate of $0.01 by ($0.06). Uranium Energy had a negative return on equity of 3.05% and a negative net margin of 8.20%. Equities analysts predict that Uranium Energy Corp. will post 0.01 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, EVP Scott Melbye bought 9,500 shares of the firm’s stock in a transaction that occurred on Friday, September 6th. The stock was acquired at an average cost of $4.18 per share, with a total value of $39,710.00. Following the transaction, the executive vice president now directly owns 988,031 shares of the company’s stock, valued at approximately $4,129,969.58. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other Uranium Energy news, EVP Scott Melbye acquired 9,500 shares of the company’s stock in a transaction on Friday, September 6th. The shares were purchased at an average cost of $4.18 per share, with a total value of $39,710.00. Following the completion of the purchase, the executive vice president now owns 988,031 shares of the company’s stock, valued at $4,129,969.58. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Amir Adnani bought 60,000 shares of the firm’s stock in a transaction dated Friday, September 6th. The shares were acquired at an average cost of $4.10 per share, with a total value of $246,000.00. Following the completion of the transaction, the chief executive officer now owns 4,242,326 shares of the company’s stock, valued at $17,393,536.60. The disclosure for this purchase can be found here. Corporate insiders own 2.40% of the company’s stock.

Institutional Investors Weigh In On Uranium Energy

Several institutional investors have recently bought and sold shares of the stock. New York State Common Retirement Fund boosted its stake in shares of Uranium Energy by 7.7% in the 4th quarter. New York State Common Retirement Fund now owns 150,530 shares of the basic materials company’s stock worth $963,000 after buying an additional 10,811 shares during the last quarter. Victory Capital Management Inc. grew its stake in shares of Uranium Energy by 25.0% during the 4th quarter. Victory Capital Management Inc. now owns 50,822 shares of the basic materials company’s stock worth $325,000 after acquiring an additional 10,163 shares during the period. Charles Schwab Investment Management Inc. raised its stake in Uranium Energy by 4.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,006,974 shares of the basic materials company’s stock valued at $19,245,000 after acquiring an additional 118,785 shares during the period. BNP Paribas Financial Markets lifted its holdings in Uranium Energy by 659.3% during the fourth quarter. BNP Paribas Financial Markets now owns 590,291 shares of the basic materials company’s stock valued at $3,778,000 after purchasing an additional 512,552 shares during the last quarter. Finally, Baader Bank Aktiengesellschaft raised its position in shares of Uranium Energy by 352.8% in the fourth quarter. Baader Bank Aktiengesellschaft now owns 66,098 shares of the basic materials company’s stock worth $408,000 after buying an additional 51,500 shares in the last quarter. 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.