Uranium Energy (NYSEAMERICAN:UEC) Shares Up 5.3% – Still a Buy?

Shares of Uranium Energy Corp. (NYSEAMERICAN:UEC) shot up 5.3% during mid-day trading on Tuesday . The company traded as high as $7.59 and last traded at $7.45. 967,356 shares were traded during trading, a decline of 86% from the average session volume of 6,785,687 shares. The stock had previously closed at $7.08.

Analysts Set New Price Targets

A number of analysts recently weighed in on the company. Roth Mkm restated a “buy” rating and issued a $10.25 price target (up from $9.75) on shares of Uranium Energy in a research note on Wednesday, October 23rd. HC Wainwright upped their price target on shares of Uranium Energy from $10.25 to $11.00 and gave the stock a “buy” rating in a research note on Monday, December 9th.

Uranium Energy Stock Up 3.8 %

The stock has a market cap of $3.47 billion, a P/E ratio of -68.33 and a beta of 1.89. The stock has a 50-day simple moving average of $6.62.

Institutional Investors Weigh In On Uranium Energy

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Strategic Investment Solutions Inc. IL acquired a new stake in shares of Uranium Energy during the second quarter worth $26,000. GAMMA Investing LLC boosted its stake in Uranium Energy by 180.1% in the 4th quarter. GAMMA Investing LLC now owns 4,338 shares of the basic materials company’s stock worth $29,000 after buying an additional 2,789 shares during the last quarter. Farther Finance Advisors LLC grew its holdings in Uranium Energy by 5,130.4% in the 3rd quarter. Farther Finance Advisors LLC now owns 4,812 shares of the basic materials company’s stock valued at $30,000 after buying an additional 4,720 shares during the period. Quintet Private Bank Europe S.A. acquired a new position in shares of Uranium Energy during the 3rd quarter valued at about $33,000. Finally, BNP Paribas purchased a new position in shares of Uranium Energy during the 3rd quarter worth about $38,000. 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.