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

Stifel Nicolaus initiated coverage on shares of Uranium Energy (NYSEAMERICAN:UEC) in a report issued on Wednesday, Marketbeat Ratings reports. The firm issued a buy rating on the basic materials company’s stock.

Several other analysts have also recently commented on UEC. National Bank Financial initiated coverage on shares of Uranium Energy in a research note on Wednesday, February 12th. They issued an “outperform” rating and a $10.00 price objective for the company. HC Wainwright raised their price objective on shares of Uranium Energy from $10.25 to $11.00 and gave the company a “buy” rating in a research note on Monday, December 9th. Finally, National Bankshares set a $10.00 price objective on shares of Uranium Energy and gave the company an “outperform” rating in a research note on Wednesday, February 12th. Four analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $10.31.

Uranium Energy Stock Performance

UEC stock opened at $5.13 on Wednesday. Uranium Energy has a one year low of $4.06 and a one year high of $8.93. The stock has a market capitalization of $2.17 billion, a PE ratio of -42.75 and a beta of 1.88. The company has a fifty day moving average of $6.72 and a 200-day moving average of $6.92.

Institutional Investors Weigh In On Uranium Energy

Institutional investors have recently bought and sold shares of the stock. Harbour Investments Inc. lifted its position in Uranium Energy by 947.4% during the fourth quarter. Harbour Investments Inc. now owns 3,886 shares of the basic materials company’s stock valued at $26,000 after buying an additional 3,515 shares in the last quarter. GAMMA Investing LLC lifted its position in Uranium Energy by 180.1% during the fourth quarter. GAMMA Investing LLC now owns 4,338 shares of the basic materials company’s stock valued at $29,000 after buying an additional 2,789 shares in the last quarter. Farther Finance Advisors LLC lifted its position in Uranium Energy by 5,130.4% during the third quarter. Farther Finance Advisors LLC now owns 4,812 shares of the basic materials company’s stock valued at $30,000 after buying an additional 4,720 shares in the last quarter. Generali Investments Management Co LLC acquired a new position in Uranium Energy during the fourth quarter valued at approximately $30,000. Finally, BNP Paribas acquired a new position in Uranium Energy during the third quarter valued at approximately $38,000. 62.28% of the stock is currently owned by hedge funds and other institutional investors.

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.