Uranium Energy (NYSEAMERICAN:UEC) Price Target Raised to $9.50

Uranium Energy (NYSEAMERICAN:UEC) had its target price boosted by Roth Mkm from $9.00 to $9.50 in a research note published on Wednesday morning, Benzinga reports. They currently have a buy rating on the basic materials company’s stock.

Separately, HC Wainwright restated a buy rating and issued a $10.25 target price on shares of Uranium Energy in a research note on Tuesday, September 24th. One analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of Moderate Buy and an average price target of $10.31.

Uranium Energy Stock Performance

Shares of UEC stock opened at $6.37 on Wednesday. Uranium Energy has a fifty-two week low of $4.06 and a fifty-two week high of $8.34. The company has a market cap of $2.60 billion, a price-to-earnings ratio of -212.33 and a beta of 1.84. The stock has a 50 day simple moving average of $6.44.

Insider Buying and Selling

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

Institutional Investors Weigh In On Uranium Energy

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. UBS Group AG raised its holdings in shares of Uranium Energy by 35.7% in the fourth quarter. UBS Group AG now owns 996,345 shares of the basic materials company’s stock valued at $6,377,000 after acquiring an additional 262,262 shares in the last quarter. ProShare Advisors LLC lifted its position in shares of Uranium Energy by 10.6% in the 1st quarter. ProShare Advisors LLC now owns 69,268 shares of the basic materials company’s stock worth $468,000 after purchasing an additional 6,643 shares during the period. Vanguard Group Inc. boosted its stake in shares of Uranium Energy by 4.6% during the fourth quarter. Vanguard Group Inc. now owns 22,222,813 shares of the basic materials company’s stock valued at $142,226,000 after purchasing an additional 967,448 shares in the last quarter. MMCAP International Inc. SPC increased its holdings in Uranium Energy by 18.1% during the fourth quarter. MMCAP International Inc. SPC now owns 25,304,663 shares of the basic materials company’s stock valued at $160,558,000 after buying an additional 3,876,952 shares during the period. Finally, EP Wealth Advisors LLC bought a new position in Uranium Energy in the fourth quarter worth approximately $64,000. Institutional investors own 62.28% of the company’s stock.

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.