Uranium Energy (NYSEAMERICAN:UEC) Stock Rating Upgraded by National Bank Financial

Uranium Energy (NYSEAMERICAN:UEC) was upgraded by National Bank Financial to a “strong-buy” rating in a note issued to investors on Tuesday,Zacks.com reports.

Several other research firms have also commented on UEC. Roth Mkm restated a “buy” rating and set a $10.25 price target (up previously from $9.75) on shares of Uranium Energy in a research report on Wednesday, October 23rd. HC Wainwright boosted their target price on shares of Uranium Energy from $10.25 to $11.00 and gave the company a “buy” rating in a research note on Monday, December 9th. Finally, National Bankshares set a $10.00 price target on shares of Uranium Energy and gave the company an “outperform” rating in a research note on Wednesday.

Uranium Energy Stock Performance

Shares of UEC opened at $7.06 on Tuesday. Uranium Energy has a 12 month low of $4.06 and a 12 month high of $8.93. The stock’s fifty day moving average is $6.64. The company has a market cap of $2.99 billion, a P/E ratio of -58.83 and a beta of 1.88.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Creative Planning lifted its stake in Uranium Energy by 13.3% during the second quarter. Creative Planning now owns 50,157 shares of the basic materials company’s stock valued at $301,000 after purchasing an additional 5,871 shares during the last quarter. Vontobel Holding Ltd. lifted its position in shares of Uranium Energy by 3.9% during the 3rd quarter. Vontobel Holding Ltd. now owns 38,548 shares of the basic materials company’s stock valued at $239,000 after acquiring an additional 1,461 shares during the last quarter. Sequoia Financial Advisors LLC boosted its stake in shares of Uranium Energy by 96.4% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 25,640 shares of the basic materials company’s stock worth $159,000 after acquiring an additional 12,582 shares in the last quarter. Saxony Capital Management LLC acquired a new position in shares of Uranium Energy in the 3rd quarter worth $81,000. Finally, International Assets Investment Management LLC raised its position in shares of Uranium Energy by 222.7% during the third quarter. International Assets Investment Management LLC now owns 26,610 shares of the basic materials company’s stock worth $165,000 after purchasing an additional 18,365 shares during the period. 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.