Uranium Energy (NYSEAMERICAN:UEC) Now Covered by Analysts at National Bank Financial

National Bank Financial started coverage on shares of Uranium Energy (NYSEAMERICAN:UEC) in a report issued on Wednesday morning, MarketBeat reports. The brokerage issued an outperform rating and a $10.00 price target on the basic materials company’s stock.

A number of other equities analysts have also issued reports on the stock. Roth Mkm reaffirmed a “buy” rating and set a $10.25 target price (up previously from $9.75) on shares of Uranium Energy in a research report on Wednesday, October 23rd. HC Wainwright lifted their price target on shares of Uranium Energy from $10.25 to $11.00 and gave the stock a “buy” rating in a research note on Monday, December 9th.

Uranium Energy Stock Performance

Shares of UEC stock opened at $7.06 on Wednesday. Uranium Energy has a 1 year low of $4.06 and a 1 year high of $8.93. The business’s fifty day moving average is $6.64.

Institutional Investors Weigh In On Uranium Energy

Several institutional investors and hedge funds have recently made changes to their positions in UEC. Norges Bank acquired a new stake in shares of Uranium Energy in the 4th quarter valued at $100,773,000. JPMorgan Chase & Co. lifted its position in Uranium Energy by 45.9% during the 4th quarter. JPMorgan Chase & Co. now owns 15,842,713 shares of the basic materials company’s stock worth $105,988,000 after buying an additional 4,982,949 shares in the last quarter. Van ECK Associates Corp lifted its position in Uranium Energy by 78.0% during the 3rd quarter. Van ECK Associates Corp now owns 4,956,971 shares of the basic materials company’s stock worth $30,783,000 after buying an additional 2,171,468 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new position in Uranium Energy during the 3rd quarter worth about $12,643,000. Finally, Segra Capital Management LLC lifted its position in Uranium Energy by 81.0% during the 3rd quarter. Segra Capital Management LLC now owns 4,036,529 shares of the basic materials company’s stock worth $24,926,000 after buying an additional 1,806,529 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.