Uranium Energy Corp. (NYSEAMERICAN:UEC) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Uranium Energy Corp. (NYSEAMERICAN:UECGet Free Report) have been assigned a consensus rating of “Moderate Buy” from the ten analysts that are presently covering the company, Marketbeat reports. Three investment analysts have rated the stock with a hold recommendation, six have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among brokerages that have covered the stock in the last year is $16.75.

UEC has been the subject of several recent research reports. HC Wainwright restated a “buy” rating on shares of Uranium Energy in a research note on Wednesday, August 26th. The Goldman Sachs Group reiterated a “buy” rating and set a $16.00 price objective on shares of Uranium Energy in a research report on Tuesday, June 9th. Finally, Jefferies Financial Group assumed coverage on Uranium Energy in a report on Thursday, September 3rd. They set a “hold” rating and a $11.50 target price for the company.

Check Out Our Latest Report on UEC

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. BlackRock Inc. bought a new stake in Uranium Energy during the second quarter worth about $432,676,000. Van ECK Associates Corp increased its holdings in Uranium Energy by 21.8% in the 2nd quarter. Van ECK Associates Corp now owns 29,034,465 shares of the basic materials company’s stock valued at $309,507,000 after buying an additional 5,191,738 shares during the period. Alps Advisors Inc. raised its position in Uranium Energy by 16.3% during the fourth quarter. Alps Advisors Inc. now owns 17,462,284 shares of the basic materials company’s stock valued at $203,959,000 after purchasing an additional 2,453,744 shares in the last quarter. Geode Capital Management LLC lifted its stake in Uranium Energy by 13.4% during the fourth quarter. Geode Capital Management LLC now owns 11,449,334 shares of the basic materials company’s stock worth $133,751,000 after purchasing an additional 1,355,701 shares during the last quarter. Finally, Norges Bank bought a new stake in Uranium Energy during the fourth quarter worth $118,019,000. 62.28% of the stock is owned by institutional investors.

Uranium Energy Trading Down 3.1%

Uranium Energy stock opened at $9.81 on Monday. Uranium Energy has a 12 month low of $8.90 and a 12 month high of $20.34. The stock’s 50 day moving average is $10.86 and its 200-day moving average is $12.35. The company has a market capitalization of $4.85 billion, a price-to-earnings ratio of -81.75 and a beta of 1.23.

Uranium Energy Company Profile

(Get Free Report)

Uranium Energy Corp. (NYSE American: UEC) is a uranium mining and nuclear fuel company focused on the exploration, development and production of uranium in the United States and Canada. Its activities support the supply of uranium used to generate nuclear power.

The company’s U.S. portfolio includes in-situ recovery uranium projects and processing infrastructure in South Texas and Wyoming. Its South Texas operations include the Hobson Processing Facility and nearby well-field projects, while its Wyoming assets include the Irigaray Central Processing Plant and the Christensen Ranch project.

Further Reading

Analyst Recommendations for Uranium Energy (NYSEAMERICAN:UEC)

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