Uranium Energy (NYSEAMERICAN:UEC) Given Buy Rating at HC Wainwright

Uranium Energy (NYSEAMERICAN:UEC)‘s stock had its “buy” rating reaffirmed by research analysts at HC Wainwright in a research note issued to investors on Thursday,Benzinga reports. They presently have a $12.25 price objective on the basic materials company’s stock. HC Wainwright’s target price points to a potential upside of 138.79% from the company’s previous close.

Several other research analysts also recently commented on UEC. Stifel Canada upgraded Uranium Energy to a “strong-buy” rating in a research note on Tuesday. Stifel Nicolaus initiated coverage on shares of Uranium Energy in a research note on Wednesday. They set a “buy” rating for the company. National Bank Financial initiated coverage on shares of Uranium Energy in a research note on Wednesday, February 12th. They issued an “outperform” rating and a $10.00 target price on the stock. Finally, National Bankshares set a $10.00 price target on shares of Uranium Energy and gave the company an “outperform” rating in a research report on Wednesday, February 12th. Four analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Uranium Energy currently has an average rating of “Buy” and an average target price of $10.63.

Uranium Energy Stock Up 1.4 %

Shares of NYSEAMERICAN:UEC opened at $5.13 on Thursday. The firm has a market capitalization of $2.17 billion, a PE ratio of -42.75 and a beta of 1.88. The company has a 50-day moving average price of $6.72 and a two-hundred day moving average price of $6.92. Uranium Energy has a twelve month low of $4.06 and a twelve month high of $8.93.

Hedge Funds Weigh In On Uranium Energy

Hedge funds and other institutional investors have recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Uranium Energy by 1.5% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 29,230,344 shares of the basic materials company’s stock valued at $195,551,000 after buying an additional 423,233 shares during the last quarter. Vanguard Group Inc. grew its position in Uranium Energy by 2.5% during the 4th quarter. Vanguard Group Inc. now owns 25,862,079 shares of the basic materials company’s stock worth $173,017,000 after acquiring an additional 631,929 shares during the last quarter. JPMorgan Chase & Co. increased its stake in Uranium Energy by 45.9% in the 4th quarter. JPMorgan Chase & Co. now owns 15,842,713 shares of the basic materials company’s stock worth $105,988,000 after purchasing an additional 4,982,949 shares during the period. Norges Bank bought a new stake in Uranium Energy in the fourth quarter valued at approximately $100,773,000. Finally, Driehaus Capital Management LLC boosted its stake in shares of Uranium Energy by 52.2% during the fourth quarter. Driehaus Capital Management LLC now owns 9,499,842 shares of the basic materials company’s stock valued at $63,554,000 after purchasing an additional 3,259,704 shares during the period. 62.28% of the stock is currently owned by hedge funds and other institutional investors.

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.