Uranium Energy (NYSEAMERICAN:UEC) Upgraded to “Strong-Buy” at Stifel Canada

Stifel Canada upgraded shares of Uranium Energy (NYSEAMERICAN:UEC) to a strong-buy rating in a report issued on Tuesday,Zacks.com reports.

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

Uranium Energy Stock Up 1.4 %

Shares of NYSEAMERICAN:UEC opened at $5.13 on Tuesday. Uranium Energy has a 52-week low of $4.06 and a 52-week high of $8.93. The company has a 50 day moving average of $6.72 and a two-hundred day moving average of $6.92. The company has a market capitalization of $2.17 billion, a price-to-earnings ratio of -42.75 and a beta of 1.88.

Institutional Investors Weigh In On Uranium Energy

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Norges Bank acquired a new position in Uranium Energy during the fourth quarter worth about $100,773,000. 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 in the last quarter. Ameriprise Financial Inc. increased its stake in Uranium Energy by 239.4% in the 4th quarter. Ameriprise Financial Inc. now owns 6,731,148 shares of the basic materials company’s stock worth $45,036,000 after purchasing an additional 4,748,138 shares in the last quarter. Driehaus Capital Management LLC increased its stake in Uranium Energy by 52.2% in the 4th quarter. Driehaus Capital Management LLC now owns 9,499,842 shares of the basic materials company’s stock worth $63,554,000 after purchasing an additional 3,259,704 shares in the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new position in Uranium Energy in the 3rd quarter worth about $12,643,000. 62.28% of the stock is currently owned by institutional investors.

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.