Uranium Energy’s (UEC) Buy Rating Reiterated at Roth Mkm

Uranium Energy (NYSEAMERICAN:UEC)‘s stock had its “buy” rating reiterated by investment analysts at Roth Mkm in a note issued to investors on Wednesday, Benzinga reports. They currently have a $10.25 price target on the basic materials company’s stock, up from their previous price target of $9.75. Roth Mkm’s target price points to a potential upside of 29.17% from the stock’s current price.

Separately, HC Wainwright restated a “buy” rating and issued a $10.25 price target on shares of Uranium Energy in a research note on Tuesday, September 24th.

Uranium Energy Stock Up 2.1 %

Shares of NYSEAMERICAN:UEC opened at $7.94 on Wednesday. The company has a 50 day moving average price of $6.36. Uranium Energy has a 52 week low of $4.06 and a 52 week high of $8.67. The firm has a market capitalization of $3.26 billion, a price-to-earnings ratio of -132.23 and a beta of 1.84.

Uranium Energy (NYSEAMERICAN:UEC) last announced its quarterly earnings results on Thursday, September 26th. The basic materials company reported ($0.03) EPS 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 will post 0.09 EPS for the current fiscal year.

Insider Activity at Uranium Energy

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

Institutional Trading of Uranium Energy

A number of large investors have recently added to or reduced their stakes in UEC. Vanguard Group Inc. boosted its holdings in 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 worth $142,226,000 after buying an additional 967,448 shares in the last quarter. Kingswood Wealth Advisors LLC bought a new stake in Uranium Energy during the first quarter worth approximately $68,000. Sumitomo Mitsui Trust Holdings Inc. bought a new stake in Uranium Energy during the first quarter worth approximately $425,000. Van ECK Associates Corp boosted its holdings in Uranium Energy by 24.7% during the first quarter. Van ECK Associates Corp now owns 1,690,235 shares of the basic materials company’s stock worth $11,409,000 after buying an additional 335,063 shares in the last quarter. Finally, Sequoia Financial Advisors LLC acquired a new position in Uranium Energy in the 1st quarter worth approximately $88,000. 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.