Uranium Energy (NYSEAMERICAN:UEC) Receives Buy Rating from HC Wainwright

HC Wainwright reaffirmed their buy rating on shares of Uranium Energy (NYSEAMERICAN:UEC – Get Rating) in a report published on Tuesday, Benzinga reports. HC Wainwright currently has a $8.25 price target on the basic materials company’s stock.

Separately, Canaccord Genuity Group increased their target price on shares of Uranium Energy from $6.00 to $6.50 and gave the stock a buy rating in a research note on Thursday, October 13th.

Uranium Energy Stock Performance

Shares of UEC opened at $3.89 on Tuesday. The stock has a market cap of $1.44 billion, a price-to-earnings ratio of 194.60 and a beta of 2.01. Uranium Energy has a fifty-two week low of $2.34 and a fifty-two week high of $6.60.

Uranium Energy (NYSEAMERICAN:UEC – Get Rating) last announced its quarterly earnings results on Monday, December 19th. The basic materials company reported ($0.01) earnings per share for the quarter, topping the consensus estimate of ($0.02) by $0.01. The company had revenue of $57.29 million for the quarter. Uranium Energy had a return on equity of 0.95% and a net margin of 4.44%. On average, analysts expect that Uranium Energy will post -0.04 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of UEC. Xponance Inc. lifted its stake in Uranium Energy by 20.8% in the 2nd quarter. Xponance Inc. now owns 15,171 shares of the basic materials company’s stock worth $47,000 after purchasing an additional 2,610 shares in the last quarter. Creative Planning lifted its stake in Uranium Energy by 10.2% in the 2nd quarter. Creative Planning now owns 29,288 shares of the basic materials company’s stock worth $90,000 after purchasing an additional 2,701 shares in the last quarter. Eqis Capital Management Inc. lifted its stake in Uranium Energy by 9.4% in the 3rd quarter. Eqis Capital Management Inc. now owns 31,740 shares of the basic materials company’s stock worth $111,000 after purchasing an additional 2,718 shares in the last quarter. KBC Group NV lifted its stake in Uranium Energy by 37.0% in the 3rd quarter. KBC Group NV now owns 10,978 shares of the basic materials company’s stock worth $38,000 after purchasing an additional 2,967 shares in the last quarter. Finally, Prudential Financial Inc. lifted its stake in Uranium Energy by 15.8% in the 3rd quarter. Prudential Financial Inc. now owns 22,270 shares of the basic materials company’s stock worth $78,000 after purchasing an additional 3,045 shares in the last quarter. 40.37% of the stock is owned by hedge funds and other institutional investors.

About Uranium Energy

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Uranium Energy Corp. engages in the provision of uranium mining and related activities. It includes the exploration, pre-extraction, extraction, and processing of uranium and titanium concentrates. It operates through the following geographical segments: United States, Canada, and Paraguay. The company was founded by Alan P.