Uranium Energy (NYSEAMERICAN:UEC) Stock Price Up 6.8% – Here’s Why

Uranium Energy Corp. (NYSEAMERICAN:UEC) shares shot up 6.8% during mid-day trading on Tuesday . The stock traded as high as $5.21 and last traded at $5.26. 5,592,485 shares traded hands during mid-day trading, a decline of 26% from the average session volume of 7,554,722 shares. The stock had previously closed at $4.92.

Analyst Upgrades and Downgrades

Several analysts have commented on UEC shares. National Bankshares set a $10.00 price target on shares of Uranium Energy and gave the company an “outperform” rating in a research report on Wednesday, February 12th. HC Wainwright increased their target price on shares of Uranium Energy from $10.25 to $11.00 and gave the company a “buy” rating in a research report on Monday, December 9th. Finally, National Bank Financial initiated coverage on shares of Uranium Energy in a report on Wednesday, February 12th. They issued an “outperform” rating and a $10.00 price target on the stock.

Uranium Energy Trading Up 6.7 %

The company has a fifty day simple moving average of $6.59. The company has a market capitalization of $2.22 billion, a price-to-earnings ratio of -43.75 and a beta of 1.88.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in UEC. Stonehage Fleming Financial Services Holdings Ltd raised its position in Uranium Energy by 21.1% during the fourth quarter. Stonehage Fleming Financial Services Holdings Ltd now owns 7,870 shares of the basic materials company’s stock valued at $53,000 after acquiring an additional 1,370 shares in the last quarter. Integrated Wealth Concepts LLC increased its holdings in shares of Uranium Energy by 4.4% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 36,773 shares of the basic materials company’s stock valued at $228,000 after purchasing an additional 1,560 shares in the last quarter. US Bancorp DE lifted its stake in shares of Uranium Energy by 7.7% in the 4th quarter. US Bancorp DE now owns 22,300 shares of the basic materials company’s stock valued at $149,000 after purchasing an additional 1,600 shares during the period. Arizona State Retirement System boosted its holdings in Uranium Energy by 1.4% during the fourth quarter. Arizona State Retirement System now owns 119,397 shares of the basic materials company’s stock worth $799,000 after buying an additional 1,692 shares in the last quarter. Finally, Sei Investments Co. grew its position in Uranium Energy by 9.7% during the fourth quarter. Sei Investments Co. now owns 19,381 shares of the basic materials company’s stock valued at $130,000 after buying an additional 1,710 shares during the period. Hedge funds and other institutional investors own 62.28% of the company’s stock.

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.