Uranium Energy (NYSEAMERICAN:UEC) Hits New 1-Year High – Should You Buy?

Uranium Energy Corp. (NYSEAMERICAN:UEC)’s share price reached a new 52-week high on Thursday . The company traded as high as $8.36 and last traded at $8.35, with a volume of 1718120 shares traded. The stock had previously closed at $7.96.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. HC Wainwright restated a “buy” rating and set a $10.25 price objective on shares of Uranium Energy in a report on Tuesday, September 24th. Roth Mkm boosted their target price on shares of Uranium Energy from $9.00 to $9.50 and gave the company a “buy” rating in a research note on Wednesday, September 25th.

Uranium Energy Trading Up 1.1 %

The company has a market cap of $3.47 billion, a P/E ratio of -140.64 and a beta of 1.84. The business’s 50 day moving average price is $6.36.

Uranium Energy (NYSEAMERICAN:UEC) last announced its earnings results on Thursday, September 26th. The basic materials company reported ($0.03) earnings per share for the quarter. Uranium Energy had a negative net margin of 8.20% and a negative return on equity of 4.98%. Sell-side analysts anticipate that Uranium Energy Corp. will post 0.09 EPS for the current fiscal year.

Insider Buying and Selling at Uranium Energy

In other news, CEO Amir Adnani bought 60,000 shares of the business’s stock in a transaction that occurred on Friday, September 6th. The shares were purchased at an average cost of $4.10 per share, with a total value of $246,000.00. Following the transaction, the chief executive officer now directly owns 4,242,326 shares in the company, valued at approximately $17,393,536.60. The trade was a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Uranium Energy news, EVP Scott Melbye acquired 9,500 shares of the company’s stock in a transaction dated Friday, September 6th. The shares were acquired at an average cost of $4.18 per share, with a total value of $39,710.00. Following the acquisition, the executive vice president now directly owns 988,031 shares of the company’s stock, valued at approximately $4,129,969.58. The trade was a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Amir Adnani acquired 60,000 shares of the business’s stock in a transaction dated Friday, September 6th. The stock was acquired at an average price of $4.10 per share, for a total transaction of $246,000.00. Following the purchase, the chief executive officer now directly owns 4,242,326 shares of the company’s stock, valued at approximately $17,393,536.60. This trade represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 2.40% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. MMCAP International Inc. SPC increased its holdings in Uranium Energy by 17.0% in the first quarter. MMCAP International Inc. SPC now owns 29,610,903 shares of the basic materials company’s stock valued at $199,874,000 after buying an additional 4,306,240 shares in the last quarter. Fourth Sail Capital LP acquired a new position in Uranium Energy in the 1st quarter worth about $12,695,000. Rokos Capital Management LLP purchased a new position in Uranium Energy during the first quarter worth approximately $10,396,000. American Century Companies Inc. grew its holdings in Uranium Energy by 961.2% in the second quarter. American Century Companies Inc. now owns 1,400,076 shares of the basic materials company’s stock valued at $8,414,000 after purchasing an additional 1,268,141 shares during the period. Finally, Van ECK Associates Corp grew its holdings in Uranium Energy by 64.8% in the second quarter. Van ECK Associates Corp now owns 2,785,503 shares of the basic materials company’s stock valued at $16,741,000 after purchasing an additional 1,095,268 shares during the period. 62.28% of the stock is currently owned by hedge funds and other 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.