Traders Purchase Large Volume of Uranium Energy Call Options (NYSEAMERICAN:UEC)

Uranium Energy Corp. (NYSEAMERICAN:UEC) was the target of some unusual options trading activity on Friday. Stock traders acquired 35,884 call options on the stock. This is an increase of 35% compared to the typical volume of 26,607 call options.

Analyst Ratings Changes

UEC has been the topic of a number of research reports. BMO Capital Markets reissued a “market perform” rating and set a $14.00 price target (up from $7.75) on shares of Uranium Energy in a research note on Thursday, September 25th. Stifel Nicolaus assumed coverage on shares of Uranium Energy in a research report on Monday, October 6th. They set a “buy” rating and a $10.50 target price for the company. HC Wainwright increased their price objective on Uranium Energy from $12.75 to $19.75 and gave the stock a “buy” rating in a report on Thursday, September 25th. Stifel Canada upgraded Uranium Energy to a “strong-buy” rating in a research report on Friday, October 3rd. Finally, The Goldman Sachs Group raised their target price on shares of Uranium Energy from $13.00 to $17.00 and gave the stock a “buy” rating in a research report on Friday, September 26th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Buy” and an average price target of $14.92.

Hedge Funds Weigh In On Uranium Energy

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. increased its holdings in shares of Uranium Energy by 34.5% during the third quarter. Vanguard Group Inc. now owns 35,726,216 shares of the basic materials company’s stock valued at $476,588,000 after purchasing an additional 9,159,024 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Uranium Energy by 9.9% in the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 26,599,686 shares of the basic materials company’s stock worth $354,847,000 after purchasing an additional 2,393,683 shares during the last quarter. State Street Corp increased its holdings in shares of Uranium Energy by 9.5% in the second quarter. State Street Corp now owns 23,046,686 shares of the basic materials company’s stock valued at $156,717,000 after purchasing an additional 2,000,516 shares in the last quarter. Norges Bank acquired a new position in Uranium Energy during the second quarter valued at approximately $105,058,000. Finally, Geode Capital Management LLC increased its holdings in Uranium Energy by 3.0% during the 2nd quarter. Geode Capital Management LLC now owns 9,902,310 shares of the basic materials company’s stock worth $67,344,000 after purchasing an additional 289,662 shares in the last quarter. 62.28% of the stock is owned by institutional investors and hedge funds.

Uranium Energy Trading Up 2.3%

Shares of NYSEAMERICAN:UEC traded up $0.34 during trading on Friday, hitting $14.91. 6,387,395 shares of the stock were exchanged, compared to its average volume of 8,688,352. Uranium Energy has a 12-month low of $3.85 and a 12-month high of $17.80. The company has a market cap of $7.20 billion, a PE ratio of -124.13 and a beta of 1.23. The company has a fifty day moving average price of $12.61 and a two-hundred day moving average price of $11.42.

Uranium Energy Company Profile

Uranium Energy Corp. is a uranium mining and exploration company focused on the development and production of uranium through in-situ recovery (ISR) methods. The company’s core activities include operating ISR projects, advancing exploration properties, and engaging in joint ventures to secure uranium supply for nuclear power generation. Uranium Energy’s approach emphasizes environmentally conscious extraction techniques that minimize land disturbance and water usage compared with conventional mining.

The company’s primary producing asset is the Hobson ISR facility in South Texas, which commenced production to supply uranium concentrate to nuclear utilities.