Uranium Energy (NYSEAMERICAN:UEC) Upgraded at Stifel Canada

Uranium Energy (NYSEAMERICAN:UEC) was upgraded by stock analysts at Stifel Canada to a “strong-buy” rating in a research note issued on Tuesday,Zacks.com reports.

Other equities research analysts have also recently issued research reports about the stock. National Bankshares set a $10.00 price objective on shares of Uranium Energy and gave the company an “outperform” rating in a research report on Wednesday, February 12th. Stifel Nicolaus started coverage on shares of Uranium Energy in a research report on Wednesday. They set a “buy” rating on the stock. National Bank Financial started coverage on shares of Uranium Energy in a research report on Wednesday, February 12th. They set an “outperform” rating and a $10.00 price objective on the stock. Finally, HC Wainwright lifted their price objective on shares of Uranium Energy from $10.25 to $11.00 and gave the company a “buy” rating in a research report on Monday, December 9th. Four analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $10.31.

Uranium Energy Trading Up 1.4 %

NYSEAMERICAN UEC opened at $5.13 on Tuesday. The stock has a market cap of $2.17 billion, a price-to-earnings ratio of -42.75 and a beta of 1.88. Uranium Energy has a 12 month low of $4.06 and a 12 month high of $8.93. The company’s 50 day moving average is $6.72 and its two-hundred day moving average is $6.92.

Institutional Investors Weigh In On Uranium Energy

A number of hedge funds have recently bought and sold shares of UEC. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Uranium Energy during the fourth quarter valued at $9,100,000. Polar Asset Management Partners Inc. purchased a new stake in Uranium Energy in the fourth quarter worth about $2,415,000. Neo Ivy Capital Management purchased a new stake in Uranium Energy in the fourth quarter worth about $2,288,000. Delta Investment Management LLC purchased a new stake in Uranium Energy in the fourth quarter worth about $118,000. Finally, Vanguard Capital Wealth Advisors lifted its stake in Uranium Energy by 19.1% in the fourth quarter. Vanguard Capital Wealth Advisors now owns 89,900 shares of the basic materials company’s stock worth $601,000 after acquiring an additional 14,400 shares during the period. Hedge funds and other institutional investors own 62.28% of the company’s stock.

About Uranium Energy

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.