Uranium Energy (NYSEAMERICAN:UEC – Get Rating) had its price objective boosted by research analysts at HC Wainwright from $7.25 to $8.25 in a report released on Wednesday, The Fly reports. The brokerage currently has a "buy" rating on the basic materials company's stock. HC Wainwright's price target points to a potential upside of 107.29% from the company's previous close.
Separately, Canaccord Genuity Group lifted their price objective on Uranium Energy from $6.00 to $6.50 and gave the company a "buy" rating in a report on Thursday, October 13th.
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UEC stock opened at $3.98 on Wednesday. The stock has a market capitalization of $1.38 billion, a P/E ratio of 199.10 and a beta of 2.10. Uranium Energy has a fifty-two week low of $2.34 and a fifty-two week high of $6.60.
Institutional Trading of Uranium Energy
A number of hedge funds and other institutional investors have recently bought and sold shares of UEC. Steward Partners Investment Advisory LLC lifted its stake in Uranium Energy by 111.1% in the second quarter. Steward Partners Investment Advisory LLC now owns 9,500 shares of the basic materials company's stock worth $29,000 after acquiring an additional 5,000 shares during the period. Virtu Financial LLC purchased a new position in shares of Uranium Energy in the 2nd quarter valued at approximately $34,000. Financial Sense Advisors Inc. purchased a new position in shares of Uranium Energy in the 2nd quarter valued at approximately $35,000. Nisa Investment Advisors LLC acquired a new position in Uranium Energy in the 1st quarter worth approximately $36,000. Finally, Northwestern Mutual Wealth Management Co. acquired a new position in Uranium Energy in the 2nd quarter worth approximately $44,000. Hedge funds and other institutional investors own 48.35% of the company's stock.About Uranium Energy
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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; Slick Rock project in Colorado; Reno Creek project in Wyoming; Dalton Pass and C de Baca project located in New Mexico; Diabase project located in Canada; and Yuty, Oviedo, and Alto Paraná titanium projects in Paraguay.
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