Uranium Energy (NYSEAMERICAN:UEC) Receives Buy Rating from HC Wainwright

HC Wainwright reissued their buy rating on shares of Uranium Energy (NYSEAMERICAN:UEC) in a research note published on Tuesday morning, Benzinga reports. The firm currently has a $10.25 price target on the basic materials company’s stock.

Separately, Roth Mkm reaffirmed a buy rating and set a $9.00 price objective on shares of Uranium Energy in a report on Wednesday, August 14th. One equities research analyst has rated the stock with a sell rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and an average price target of $10.19.

Uranium Energy Stock Performance

Shares of Uranium Energy stock opened at $6.47 on Tuesday. Uranium Energy has a twelve month low of $4.06 and a twelve month high of $8.34. The firm has a market cap of $2.64 billion, a price-to-earnings ratio of -215.50 and a beta of 1.84. The company’s 50-day simple moving average is $6.47.

Insider Transactions at Uranium Energy

In other news, CEO Amir Adnani acquired 60,000 shares of the company’s stock in a transaction on Friday, September 6th. The stock was purchased at an average cost of $4.10 per share, with a total value of $246,000.00. Following the acquisition, the chief executive officer now owns 4,242,326 shares of the company’s stock, valued at approximately $17,393,536.60. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, EVP Scott Melbye acquired 9,500 shares of the company’s stock in a transaction that occurred on Friday, September 6th. The stock was acquired at an average price of $4.18 per share, for a total transaction of $39,710.00. Following the completion of the acquisition, the executive vice president now owns 988,031 shares of the company’s stock, valued at approximately $4,129,969.58. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Amir Adnani bought 60,000 shares of the business’s stock in a transaction on Friday, September 6th. The stock was bought at an average cost of $4.10 per share, for a total transaction of $246,000.00. Following the purchase, the chief executive officer now directly owns 4,242,326 shares of the company’s stock, valued at approximately $17,393,536.60. The disclosure for this purchase can be found here. 2.40% of the stock is currently owned by corporate insiders.

Institutional Trading of Uranium Energy

Large investors have recently made changes to their positions in the company. UBS Group AG grew its stake in Uranium Energy by 35.7% in the fourth quarter. UBS Group AG now owns 996,345 shares of the basic materials company’s stock valued at $6,377,000 after acquiring an additional 262,262 shares during the period. Advisory Services Network LLC acquired a new position in shares of Uranium Energy in the 4th quarter valued at approximately $615,000. Parallel Advisors LLC increased its stake in Uranium Energy by 39.7% during the 4th quarter. Parallel Advisors LLC now owns 10,293 shares of the basic materials company’s stock worth $66,000 after purchasing an additional 2,923 shares in the last quarter. MMCAP International Inc. SPC raised its holdings in Uranium Energy by 18.1% during the 4th quarter. MMCAP International Inc. SPC now owns 25,304,663 shares of the basic materials company’s stock worth $160,558,000 after buying an additional 3,876,952 shares during the period. Finally, Crestline Management LP increased its position in shares of Uranium Energy by 2.7% during the fourth quarter. Crestline Management LP now owns 539,230 shares of the basic materials company’s stock worth $3,451,000 after acquiring an additional 14,230 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.