Uranium Energy (NYSEAMERICAN:UEC) Shares Gap Up to $5.32

Shares of Uranium Energy Corp. (NYSEAMERICAN:UEC) gapped up before the market opened on Friday . The stock had previously closed at $5.32, but opened at $5.65. Uranium Energy shares last traded at $5.61, with a volume of 2,136,125 shares.

Analyst Upgrades and Downgrades

UEC has been the subject of several recent research reports. Roth Mkm reissued a “buy” rating and set a $9.00 price objective on shares of Uranium Energy in a report on Wednesday, August 14th. HC Wainwright reiterated a “buy” rating and set a $10.25 target price on shares of Uranium Energy in a report on Wednesday, August 14th. One equities research analyst has rated the stock with a sell rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $10.19.

Uranium Energy Trading Up 4.1 %

The stock has a market capitalization of $2.26 billion, a price-to-earnings ratio of -184.67 and a beta of 1.84. The stock’s 50-day moving average is $6.50.

Insider Buying and Selling

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

Hedge Funds Weigh In On Uranium Energy

Institutional investors and hedge funds have recently modified their holdings of the business. Norges Bank bought a new position in Uranium Energy in the 4th quarter valued at about $96,000,000. MMCAP International Inc. SPC raised its position in shares of Uranium Energy by 17.0% during the first quarter. MMCAP International Inc. SPC now owns 29,610,903 shares of the basic materials company’s stock worth $199,874,000 after acquiring an additional 4,306,240 shares during the last quarter. Fourth Sail Capital LP bought a new position in Uranium Energy during the 1st quarter worth approximately $12,695,000. Rokos Capital Management LLP bought a new position in Uranium Energy during the first quarter worth $10,396,000. Finally, American Century Companies Inc. lifted its stake in shares of Uranium Energy by 961.2% in the 2nd 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. 62.28% of the stock is currently owned by institutional investors and hedge funds.

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.