Uranium Energy (NYSEAMERICAN:UEC) Trading 4.2% Higher

Uranium Energy Corp. (NYSEAMERICAN:UEC) shares rose 4.2% during mid-day trading on Monday . The company traded as high as $4.70 and last traded at $4.70. Approximately 2,116,100 shares changed hands during trading, a decline of 71% from the average daily volume of 7,229,108 shares. The stock had previously closed at $4.51.

Analysts Set New Price Targets

A number of analysts have issued reports on the stock. HC Wainwright reiterated a “buy” rating and set a $10.25 price target on shares of Uranium Energy in a research note on Wednesday. Roth Mkm reiterated a “buy” rating and issued a $9.00 price objective on shares of Uranium Energy in a research report on Wednesday. One research analyst has rated the stock with a sell rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $9.35.

Uranium Energy Stock Down 0.9 %

The company has a market cap of $1.93 billion, a price-to-earnings ratio of -157.50 and a beta of 1.86. The stock has a fifty day simple moving average of $6.64.

Uranium Energy (NYSEAMERICAN:UEC) last issued its quarterly earnings results on Friday, June 7th. The basic materials company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.06). Uranium Energy had a negative return on equity of 3.05% and a negative net margin of 8.20%. As a group, sell-side analysts expect that Uranium Energy Corp. will post 0.03 earnings per share for the current year.

Institutional Trading of Uranium Energy

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Raymond James & Associates boosted its position in shares of Uranium Energy by 111.9% in the fourth quarter. Raymond James & Associates now owns 54,762 shares of the basic materials company’s stock worth $350,000 after buying an additional 28,919 shares during the period. International Assets Investment Management LLC increased its holdings in Uranium Energy by 773.4% during the 4th quarter. International Assets Investment Management LLC now owns 165,690 shares of the basic materials company’s stock valued at $1,060,000 after purchasing an additional 146,720 shares in the last quarter. Strs Ohio bought a new position in Uranium Energy during the fourth quarter worth about $197,000. HTLF Bank acquired a new position in Uranium Energy during the fourth quarter worth approximately $154,000. Finally, CWM LLC boosted its stake in shares of Uranium Energy by 22.2% in the fourth quarter. CWM LLC now owns 9,784 shares of the basic materials company’s stock valued at $63,000 after buying an additional 1,776 shares during the period. 62.28% of the stock is owned by institutional investors and hedge funds.

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.