Uranium Energy Corp. (NYSEAMERICAN:UEC) Receives $14.19 Average Price Target from Brokerages

Shares of Uranium Energy Corp. (NYSEAMERICAN:UEC) have been assigned an average rating of “Moderate Buy” from the eleven brokerages that are covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $14.1944.

Several research analysts have weighed in on UEC shares. TD Securities raised their price objective on shares of Uranium Energy from $8.00 to $13.00 and gave the stock a “buy” rating in a report on Friday, August 15th. Stifel Nicolaus started coverage on shares of Uranium Energy in a research report on Monday, October 6th. They set a “buy” rating and a $10.50 price target on the stock. Stifel Canada raised Uranium Energy to a “strong-buy” rating in a report on Friday, October 3rd. BMO Capital Markets restated a “market perform” rating and set a $14.00 price objective (up previously from $7.75) on shares of Uranium Energy in a research note on Thursday, September 25th. Finally, Roth Capital lifted their target price on Uranium Energy from $11.50 to $16.00 and gave the stock a “buy” rating in a research report on Wednesday, September 24th.

Uranium Energy Trading Down 7.8%

Uranium Energy stock opened at $11.05 on Tuesday. Uranium Energy has a 52 week low of $3.85 and a 52 week high of $17.80. The stock has a market cap of $5.34 billion, a P/E ratio of -65.00 and a beta of 1.40. The stock has a 50 day moving average of $13.44 and a 200-day moving average of $9.79.

Institutional Trading of Uranium Energy

Several institutional investors have recently added to or reduced their stakes in the business. Ameritas Advisory Services LLC bought a new position in shares of Uranium Energy in the 3rd quarter worth about $33,000. IFP Advisors Inc lifted its holdings in Uranium Energy by 732.8% in the second quarter. IFP Advisors Inc now owns 3,981 shares of the basic materials company’s stock worth $27,000 after acquiring an additional 3,503 shares during the last quarter. GPS Wealth Strategies Group LLC boosted its stake in Uranium Energy by 31.0% in the third quarter. GPS Wealth Strategies Group LLC now owns 4,654 shares of the basic materials company’s stock valued at $62,000 after acquiring an additional 1,100 shares during the period. Operose Advisors LLC bought a new position in shares of Uranium Energy during the second quarter valued at approximately $34,000. Finally, Fulcrum Asset Management LLP acquired a new stake in shares of Uranium Energy during the 3rd quarter worth approximately $67,000. 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.