Uranium Energy (NYSEAMERICAN:UEC) Given Buy Rating at Roth Mkm

Roth Mkm reiterated their buy rating on shares of Uranium Energy (NYSEAMERICAN:UEC) in a report published on Wednesday morning, Benzinga reports. They currently have a $10.25 target price on the basic materials company’s stock, up from their prior target price of $9.75.

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

Uranium Energy Trading Down 2.2 %

Uranium Energy stock opened at $7.79 on Wednesday. The firm has a market capitalization of $3.20 billion, a P/E ratio of -129.73 and a beta of 1.84. Uranium Energy has a one year low of $4.06 and a one year high of $8.67. The firm has a fifty day simple moving average of $6.36.

Uranium Energy (NYSEAMERICAN:UEC) last announced its quarterly earnings results on Thursday, September 26th. The basic materials company reported ($0.03) earnings per share (EPS) for the quarter. Uranium Energy had a negative net margin of 8.20% and a negative return on equity of 4.98%. On average, equities analysts anticipate that Uranium Energy will post 0.09 EPS for the current fiscal year.

Insider Activity at Uranium Energy

In other Uranium Energy news, EVP Scott Melbye acquired 9,500 shares of the company’s stock in a transaction dated Friday, September 6th. The stock was acquired at an average cost of $4.18 per share, with a total value of $39,710.00. Following the purchase, the executive vice president now directly owns 988,031 shares in the company, valued at approximately $4,129,969.58. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. In related news, EVP Scott Melbye acquired 9,500 shares of Uranium Energy stock in a transaction dated Friday, September 6th. The shares were acquired at an average cost of $4.18 per share, for a total transaction of $39,710.00. Following the completion of the transaction, 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 transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Amir Adnani acquired 60,000 shares of the company’s stock in a transaction that occurred on Friday, September 6th. The shares were bought at an average price 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. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. 2.40% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Uranium Energy

A number of institutional investors have recently modified their holdings of the company. ProShare Advisors LLC grew its stake in Uranium Energy by 10.6% in the 1st quarter. ProShare Advisors LLC now owns 69,268 shares of the basic materials company’s stock worth $468,000 after acquiring an additional 6,643 shares during the period. Vanguard Group Inc. grew its position in shares of Uranium Energy by 4.6% in the fourth quarter. Vanguard Group Inc. now owns 22,222,813 shares of the basic materials company’s stock valued at $142,226,000 after purchasing an additional 967,448 shares during the period. SG Americas Securities LLC increased its stake in Uranium Energy by 81.3% in the third quarter. SG Americas Securities LLC now owns 169,217 shares of the basic materials company’s stock valued at $1,051,000 after purchasing an additional 75,871 shares during the last quarter. Driehaus Capital Management LLC lifted its position in Uranium Energy by 1.0% during the second quarter. Driehaus Capital Management LLC now owns 9,147,972 shares of the basic materials company’s stock worth $54,979,000 after buying an additional 90,522 shares during the period. Finally, Magnetar Financial LLC acquired a new stake in Uranium Energy in the 1st quarter worth about $618,000. Institutional investors and hedge funds 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.