Uranium Energy (NYSEAMERICAN:UEC) Price Target Raised to $11.00 at HC Wainwright

Uranium Energy (NYSEAMERICAN:UEC) had its target price hoisted by investment analysts at HC Wainwright from $10.25 to $11.00 in a note issued to investors on Monday,Benzinga reports. The firm currently has a “buy” rating on the basic materials company’s stock. HC Wainwright’s price target would suggest a potential upside of 35.55% from the company’s previous close.

Separately, Roth Mkm reiterated a “buy” rating and issued a $10.25 target price (up from $9.75) on shares of Uranium Energy in a report on Wednesday, October 23rd.

Uranium Energy Stock Up 1.3 %

UEC opened at $8.12 on Monday. The firm has a market capitalization of $3.43 billion, a price-to-earnings ratio of -67.63 and a beta of 1.84. Uranium Energy has a twelve month low of $4.06 and a twelve month high of $8.93. The stock’s 50-day simple moving average is $6.54.

Uranium Energy (NYSEAMERICAN:UEC) last posted its quarterly earnings results on Thursday, September 26th. The basic materials company reported ($0.03) earnings per share for the quarter. Equities analysts anticipate that Uranium Energy will post 0.09 EPS for the current year.

Hedge Funds Weigh In On Uranium Energy

Several institutional investors and hedge funds have recently bought and sold shares of UEC. Driehaus Capital Management LLC lifted its holdings in shares of Uranium Energy by 1.0% in the 2nd quarter. Driehaus Capital Management LLC now owns 9,147,972 shares of the basic materials company’s stock worth $54,979,000 after acquiring an additional 90,522 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Uranium Energy by 1.8% in the 3rd quarter. Geode Capital Management LLC now owns 9,083,449 shares of the basic materials company’s stock worth $56,419,000 after acquiring an additional 159,921 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Uranium Energy by 18.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 5,954,561 shares of the basic materials company’s stock worth $35,786,000 after acquiring an additional 947,773 shares during the last quarter. Van ECK Associates Corp lifted its holdings in shares of Uranium Energy by 78.0% in the 3rd quarter. Van ECK Associates Corp now owns 4,956,971 shares of the basic materials company’s stock worth $30,783,000 after acquiring an additional 2,171,468 shares during the last quarter. Finally, Segra Capital Management LLC lifted its holdings in shares of Uranium Energy by 81.0% in the 3rd quarter. Segra Capital Management LLC now owns 4,036,529 shares of the basic materials company’s stock worth $24,926,000 after acquiring an additional 1,806,529 shares during the last quarter. 62.28% of the stock is currently owned by institutional investors and hedge funds.

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.