Stifel Canada Upgrades Uranium Energy (NYSEAMERICAN:UEC) to Strong-Buy

Uranium Energy (NYSEAMERICAN:UEC) was upgraded by analysts at Stifel Canada to a “strong-buy” rating in a research note issued on Tuesday,Zacks.com reports.

Several other brokerages have also issued reports on UEC. National Bank Financial assumed coverage on shares of Uranium Energy in a research note on Wednesday, February 12th. They issued an “outperform” rating and a $10.00 price target for the company. National Bankshares set a $10.00 price target on shares of Uranium Energy and gave the stock an “outperform” rating in a research note on Wednesday, February 12th. Stifel Nicolaus assumed coverage on shares of Uranium Energy in a research note on Wednesday. They issued a “buy” rating for the company. Finally, HC Wainwright increased their price target on shares of Uranium Energy from $10.25 to $11.00 and gave the stock a “buy” rating in a research note on Monday, December 9th. Four investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $10.31.

Uranium Energy Trading Up 1.4 %

Shares of NYSEAMERICAN UEC opened at $5.13 on Tuesday. The firm has a fifty day simple moving average of $6.72 and a two-hundred day simple moving average of $6.92. The firm has a market capitalization of $2.17 billion, a PE ratio of -42.75 and a beta of 1.88. Uranium Energy has a 12 month low of $4.06 and a 12 month high of $8.93.

Institutional Trading of Uranium Energy

A number of institutional investors have recently made changes to their positions in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Uranium Energy by 1.5% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 29,230,344 shares of the basic materials company’s stock worth $195,551,000 after buying an additional 423,233 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Uranium Energy by 2.5% in the fourth quarter. Vanguard Group Inc. now owns 25,862,079 shares of the basic materials company’s stock worth $173,017,000 after buying an additional 631,929 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Uranium Energy by 45.9% in the fourth quarter. JPMorgan Chase & Co. now owns 15,842,713 shares of the basic materials company’s stock worth $105,988,000 after buying an additional 4,982,949 shares during the last quarter. Norges Bank bought a new stake in Uranium Energy during the 4th quarter worth approximately $100,773,000. Finally, Driehaus Capital Management LLC raised its stake in Uranium Energy by 52.2% during the 4th quarter. Driehaus Capital Management LLC now owns 9,499,842 shares of the basic materials company’s stock worth $63,554,000 after acquiring an additional 3,259,704 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.