Uranium Energy (NYSEAMERICAN:UEC) Shares Gap Up – Should You Buy?

Uranium Energy Corp. (NYSEAMERICAN:UEC)’s share price gapped up before the market opened on Tuesday . The stock had previously closed at $7.14, but opened at $7.31. Uranium Energy shares last traded at $7.31, with a volume of 1,440,111 shares.

Analyst Ratings Changes

Several research analysts have issued reports on UEC shares. HC Wainwright reiterated a “buy” rating and set a $10.25 price objective on shares of Uranium Energy in a research note on Tuesday, September 24th. Roth Mkm increased their price objective on shares of Uranium Energy from $9.00 to $9.50 and gave the stock a “buy” rating in a report on Wednesday, September 25th.

Uranium Energy Stock Performance

The company has a market cap of $3.27 billion, a PE ratio of -132.64 and a beta of 1.84. The business’s 50-day moving average price is $6.36.

Uranium Energy (NYSEAMERICAN:UEC) last posted its quarterly earnings data on Thursday, September 26th. The basic materials company reported ($0.03) earnings per share for the quarter. Uranium Energy had a negative net margin of 8.20% and a negative return on equity of 4.98%. As a group, analysts expect that Uranium Energy Corp. will post 0.09 earnings per share for the current year.

Insider Transactions at Uranium Energy

In other Uranium Energy news, CEO Amir Adnani purchased 60,000 shares of the stock in a transaction dated Friday, September 6th. The stock was bought at an average price of $4.10 per share, for a total transaction of $246,000.00. Following the transaction, the chief executive officer now directly owns 4,242,326 shares in the company, valued at $17,393,536.60. This represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. In other news, EVP Scott Melbye acquired 9,500 shares of the firm’s stock in a transaction that occurred on Friday, September 6th. The stock was purchased at an average price of $4.18 per share, for a total transaction of $39,710.00. Following the completion of the acquisition, the executive vice president now owns 988,031 shares in the company, valued at $4,129,969.58. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Amir Adnani acquired 60,000 shares of the firm’s stock in a transaction that occurred on Friday, September 6th. The shares were purchased at an average price of $4.10 per share, with a total value of $246,000.00. Following the acquisition, the chief executive officer now owns 4,242,326 shares of the company’s stock, valued at approximately $17,393,536.60. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. 2.40% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. MMCAP International Inc. SPC grew its holdings in Uranium Energy by 17.0% during the first quarter. MMCAP International Inc. SPC now owns 29,610,903 shares of the basic materials company’s stock valued at $199,874,000 after purchasing an additional 4,306,240 shares during the period. Vanguard Group Inc. lifted its stake in Uranium Energy by 2.4% in the first quarter. Vanguard Group Inc. now owns 22,761,516 shares of the basic materials company’s stock valued at $153,640,000 after buying an additional 538,703 shares in the last quarter. Driehaus Capital Management LLC lifted its stake in Uranium Energy by 1.0% in the second quarter. Driehaus Capital Management LLC now owns 9,147,972 shares of the basic materials company’s stock valued at $54,979,000 after buying an additional 90,522 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Uranium Energy by 18.9% in the second quarter. Dimensional Fund Advisors LP now owns 5,954,561 shares of the basic materials company’s stock valued at $35,786,000 after buying an additional 947,773 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its stake in Uranium Energy by 33.8% in the second quarter. Victory Capital Management Inc. now owns 3,511,245 shares of the basic materials company’s stock valued at $21,103,000 after buying an additional 886,445 shares in the last quarter. Institutional investors and hedge funds own 62.28% of the company’s stock.

Uranium Energy Company Profile

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.