Uranium Energy (NYSEAMERICAN:UEC) Now Covered by Analysts at Stifel Nicolaus

Equities researchers at Stifel Nicolaus assumed coverage on shares of Uranium Energy (NYSEAMERICAN:UEC) in a report released on Wednesday,Briefing.com Automated Import reports. The firm set a “buy” rating on the basic materials company’s stock.

Other equities analysts have also issued research reports about the stock. HC Wainwright lifted their price target on shares of Uranium Energy from $10.25 to $11.00 and gave the company a “buy” rating in a report on Monday, December 9th. National Bankshares set a $10.00 price target on Uranium Energy and gave the company an “outperform” rating in a research report on Wednesday, February 12th. Finally, National Bank Financial began coverage on Uranium Energy in a report on Wednesday, February 12th. They issued an “outperform” rating and a $10.00 price objective on the stock. Four analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $10.31.

Uranium Energy Price Performance

NYSEAMERICAN UEC opened at $5.06 on Wednesday. The stock’s 50-day simple moving average is $6.77. Uranium Energy has a twelve month low of $4.06 and a twelve month high of $8.93. The stock has a market capitalization of $2.14 billion, a P/E ratio of -42.17 and a beta of 1.88.

Institutional Investors Weigh In On Uranium Energy

Several institutional investors and hedge funds have recently modified their holdings of the stock. Harbour Investments Inc. grew its position in Uranium Energy by 947.4% in the fourth quarter. Harbour Investments Inc. now owns 3,886 shares of the basic materials company’s stock valued at $26,000 after acquiring an additional 3,515 shares in the last quarter. GAMMA Investing LLC grew its holdings in Uranium Energy by 180.1% during the 4th quarter. GAMMA Investing LLC now owns 4,338 shares of the basic materials company’s stock valued at $29,000 after purchasing an additional 2,789 shares in the last quarter. Generali Investments Management Co LLC acquired a new stake in Uranium Energy during the 4th quarter valued at $30,000. Farther Finance Advisors LLC increased its stake in Uranium Energy by 5,130.4% during the 3rd quarter. Farther Finance Advisors LLC now owns 4,812 shares of the basic materials company’s stock worth $30,000 after buying an additional 4,720 shares during the period. Finally, BNP Paribas acquired a new position in Uranium Energy in the 3rd quarter worth $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.