Uranium Energy (NYSEAMERICAN:UEC) Shares Up 6.8% – Still a Buy?

Uranium Energy Corp. (NYSEAMERICAN:UEC) shot up 6.8% on Tuesday . The company traded as high as $5.21 and last traded at $5.26. 5,592,485 shares traded hands during mid-day trading, a decline of 26% from the average session volume of 7,554,722 shares. The stock had previously closed at $4.92.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. HC Wainwright increased their price target on Uranium Energy from $10.25 to $11.00 and gave the stock a “buy” rating in a research report on Monday, December 9th. National Bankshares set a $10.00 target price on Uranium Energy and gave the company an “outperform” rating in a research report on Wednesday, February 12th. Finally, National Bank Financial began coverage on shares of Uranium Energy in a report on Wednesday, February 12th. They issued an “outperform” rating and a $10.00 price target for the company.

Uranium Energy Trading Up 6.7 %

The company’s fifty day moving average is $6.59. The stock has a market capitalization of $2.22 billion, a price-to-earnings ratio of -43.75 and a beta of 1.88.

Institutional Investors Weigh In On Uranium Energy

A number of hedge funds have recently modified their holdings of UEC. Harbour Investments Inc. increased its holdings in shares of Uranium Energy by 947.4% in the fourth quarter. Harbour Investments Inc. now owns 3,886 shares of the basic materials company’s stock valued at $26,000 after purchasing an additional 3,515 shares during the last quarter. GAMMA Investing LLC grew its holdings in Uranium Energy by 180.1% in the 4th quarter. GAMMA Investing LLC now owns 4,338 shares of the basic materials company’s stock valued at $29,000 after buying an additional 2,789 shares in the last quarter. Farther Finance Advisors LLC increased its stake in shares of Uranium Energy by 5,130.4% in the 3rd quarter. Farther Finance Advisors LLC now owns 4,812 shares of the basic materials company’s stock worth $30,000 after acquiring an additional 4,720 shares during the last quarter. Generali Investments Management Co LLC purchased a new position in shares of Uranium Energy during the 4th quarter worth $30,000. Finally, Quintet Private Bank Europe S.A. acquired a new position in shares of Uranium Energy during the 3rd quarter valued at about $33,000. 62.28% of the stock is currently 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.