Roth Mkm Raises Uranium Energy (NYSEAMERICAN:UEC) Price Target to $9.50

Uranium Energy (NYSEAMERICAN:UEC) had its price target boosted by Roth Mkm from $9.00 to $9.50 in a research note released on Wednesday, Benzinga reports. Roth Mkm currently has a buy rating on the basic materials company’s stock.

Separately, HC Wainwright reiterated a buy rating and set a $10.25 target price on shares of Uranium Energy in a research report on Tuesday, September 24th. One analyst has rated the stock with a sell rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of Moderate Buy and a consensus target price of $10.31.

Uranium Energy Stock Performance

UEC stock opened at $6.37 on Wednesday. Uranium Energy has a 52-week low of $4.06 and a 52-week high of $8.34. The stock has a market cap of $2.60 billion, a price-to-earnings ratio of -212.33 and a beta of 1.84. The stock’s 50-day moving average price is $6.44.

Insiders Place Their Bets

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

Hedge Funds Weigh In On Uranium Energy

Institutional investors have recently bought and sold shares of the company. American International Group Inc. raised its holdings in Uranium Energy by 1.0% in the first quarter. American International Group Inc. now owns 189,900 shares of the basic materials company’s stock valued at $1,282,000 after acquiring an additional 1,844 shares in the last quarter. Choreo LLC lifted its position in shares of Uranium Energy by 11.0% during the 2nd quarter. Choreo LLC now owns 24,505 shares of the basic materials company’s stock worth $141,000 after purchasing an additional 2,420 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in shares of Uranium Energy by 7.2% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 38,436 shares of the basic materials company’s stock worth $231,000 after purchasing an additional 2,585 shares during the last quarter. Parallel Advisors LLC grew its stake in shares of Uranium Energy by 39.7% during the fourth 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. Finally, EntryPoint Capital LLC increased its holdings in Uranium Energy by 897.7% in the first quarter. EntryPoint Capital LLC now owns 4,340 shares of the basic materials company’s stock valued at $29,000 after buying an additional 3,905 shares during the last quarter. 62.28% of the stock is owned by institutional investors and hedge funds.

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.