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

Uranium Energy Corp. (NYSEAMERICAN:UEC) was the target of unusually large options trading on Monday. Traders purchased 26,634 call options on the stock. This represents an increase of approximately 62% compared to the typical daily volume of 16,452 call options.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. The Goldman Sachs Group restated a “buy” rating and set a $16.00 price objective on shares of Uranium Energy in a report on Tuesday, June 9th. Roth Mkm set a $17.00 price objective on Uranium Energy in a report on Wednesday, March 11th. HC Wainwright restated a “buy” rating and set a $26.75 price objective on shares of Uranium Energy in a report on Wednesday, June 10th. Finally, TD Securities decreased their price objective on Uranium Energy from $22.00 to $21.00 and set a “buy” rating on the stock in a report on Wednesday, March 11th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $17.41.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in UEC. Ameritas Advisory Services LLC purchased a new stake in shares of Uranium Energy during the third quarter worth about $33,000. Strategic Advocates LLC purchased a new stake in shares of Uranium Energy during the third quarter worth about $40,000. Sound Income Strategies LLC increased its position in shares of Uranium Energy by 159.1% during the fourth quarter. Sound Income Strategies LLC now owns 3,094 shares of the basic materials company’s stock worth $36,000 after acquiring an additional 1,900 shares during the last quarter. PenderFund Capital Management Ltd. purchased a new stake in shares of Uranium Energy during the fourth quarter worth about $39,000. Finally, Caitong International Asset Management Co. Ltd purchased a new stake in shares of Uranium Energy during the fourth quarter worth about $39,000. 62.28% of the stock is owned by hedge funds and other institutional investors.

Uranium Energy Trading Up 6.7%

Shares of Uranium Energy stock opened at $11.77 on Tuesday. Uranium Energy has a twelve month low of $5.90 and a twelve month high of $20.34. The stock has a market capitalization of $5.82 billion, a P/E ratio of -98.08 and a beta of 1.12. The business’s fifty day moving average price is $13.81 and its 200 day moving average price is $14.30.

About Uranium Energy

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.