Uranium Energy (NYSEAMERICAN:UEC) Shares Gap Up – Here’s What Happened

Uranium Energy Corp. (NYSEAMERICAN:UEC)’s share price gapped up before the market opened on Wednesday . The stock had previously closed at $5.06, but opened at $5.51. Uranium Energy shares last traded at $5.28, with a volume of 1,892,686 shares changing hands.

Wall Street Analyst Weigh In

UEC has been the subject of several research reports. National Bankshares set a $10.00 price target on shares of Uranium Energy and gave the stock an “outperform” rating in a research note on Wednesday, February 12th. National Bank Financial initiated coverage on Uranium Energy in a research report on Wednesday, February 12th. They set an “outperform” rating and a $10.00 price objective for the company. HC Wainwright reissued a “buy” rating and issued a $12.25 target price on shares of Uranium Energy in a research note on Thursday. Stifel Canada upgraded Uranium Energy to a “strong-buy” rating in a research note on Tuesday. Finally, Stifel Nicolaus began coverage on Uranium Energy in a report on Wednesday. They issued a “buy” rating for the company. Four investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Uranium Energy currently has a consensus rating of “Buy” and an average target price of $10.63.

Uranium Energy Stock Up 1.2 %

The firm has a market cap of $2.20 billion, a P/E ratio of -43.25 and a beta of 1.88. The business’s 50-day moving average is $6.72.

Institutional Investors Weigh In On Uranium Energy

Several large investors have recently bought and sold shares of UEC. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Uranium Energy by 1.5% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 29,230,344 shares of the basic materials company’s stock valued at $195,551,000 after purchasing an additional 423,233 shares during the period. Vanguard Group Inc. raised its stake in shares of Uranium Energy by 2.5% during the fourth quarter. Vanguard Group Inc. now owns 25,862,079 shares of the basic materials company’s stock valued at $173,017,000 after acquiring an additional 631,929 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Uranium Energy by 45.9% in the fourth quarter. JPMorgan Chase & Co. now owns 15,842,713 shares of the basic materials company’s stock valued at $105,988,000 after purchasing an additional 4,982,949 shares during the period. Norges Bank purchased a new position in Uranium Energy during the 4th quarter worth $100,773,000. Finally, Driehaus Capital Management LLC grew its position in shares of Uranium Energy by 52.2% during the 4th quarter. Driehaus Capital Management LLC now owns 9,499,842 shares of the basic materials company’s stock worth $63,554,000 after buying an additional 3,259,704 shares in the last quarter. Institutional investors own 62.28% of the company’s stock.

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.