Uranium Energy (NYSEAMERICAN:UEC) PT Raised to $9.50

Uranium Energy (NYSEAMERICAN:UEC) had its target price raised by investment analysts at Roth Mkm from $9.00 to $9.50 in a research report issued on Wednesday, Benzinga reports. The brokerage currently has a “buy” rating on the basic materials company’s stock. Roth Mkm’s target price suggests a potential upside of 46.95% from the stock’s previous close.

Separately, HC Wainwright reissued a “buy” rating and issued a $10.25 target price on shares of Uranium Energy in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $10.31.

Uranium Energy Price Performance

UEC opened at $6.47 on Wednesday. The business has a 50-day moving average of $6.47. The company has a market cap of $2.64 billion, a P/E ratio of -215.50 and a beta of 1.84. Uranium Energy has a 1-year low of $4.06 and a 1-year high of $8.34.

Insider Activity at Uranium Energy

In other Uranium Energy news, EVP Scott Melbye acquired 9,500 shares of the 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 transaction, the executive vice president now directly owns 988,031 shares in the company, valued at $4,129,969.58. The acquisition was disclosed in a document filed with the SEC, which is available through this link. In other Uranium Energy news, EVP Scott Melbye acquired 9,500 shares of the 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 transaction, the executive vice president now directly owns 988,031 shares in the company, valued at $4,129,969.58. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Amir Adnani acquired 60,000 shares of the stock in a transaction that occurred on Friday, September 6th. The shares were acquired at an average cost of $4.10 per share, with a total value of $246,000.00. Following the transaction, the chief executive officer now owns 4,242,326 shares in the company, valued at $17,393,536.60. The disclosure for this purchase can be found here. Insiders own 2.40% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. EntryPoint Capital LLC boosted its stake in Uranium Energy by 897.7% during the 1st quarter. EntryPoint Capital LLC now owns 4,340 shares of the basic materials company’s stock valued at $29,000 after purchasing an additional 3,905 shares during the period. Strategic Investment Solutions Inc. IL acquired a new position in Uranium Energy during the 2nd quarter valued at about $26,000. EP Wealth Advisors LLC acquired a new stake in shares of Uranium Energy in the 4th quarter worth approximately $64,000. Kingswood Wealth Advisors LLC acquired a new stake in shares of Uranium Energy in the 1st quarter worth approximately $68,000. Finally, Parallel Advisors LLC lifted its stake in shares of Uranium Energy by 39.7% in the 4th quarter. Parallel Advisors LLC now owns 10,293 shares of the basic materials company’s stock worth $66,000 after acquiring an additional 2,923 shares during the period. 62.28% of the stock is 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.