Uranium Energy (NYSEAMERICAN:UEC) Receives New Coverage from Analysts at TD Cowen

TD Cowen began coverage on shares of Uranium Energy (NYSEAMERICAN:UEC) in a research report report published on Wednesday, Benzinga reports. The brokerage issued a speculative buy rating and a $6.00 price target on the basic materials company’s stock.

Other research analysts have also issued reports about the company. HC Wainwright reissued a buy rating and issued a $8.00 price objective on shares of Uranium Energy in a report on Tuesday, August 1st. TD Securities began coverage on Uranium Energy in a research note on Wednesday. They issued a speculative buy rating and a $6.00 target price on the stock. One investment analyst has rated the stock with a sell rating and four have issued a buy rating to the company’s stock. According to MarketBeat, Uranium Energy currently has a consensus rating of Moderate Buy and an average target price of $6.63.

Uranium Energy Stock Down 0.7 %

Shares of NYSEAMERICAN:UEC opened at $5.38 on Wednesday. The company’s 50-day simple moving average is $3.12. Uranium Energy has a 1 year low of $2.30 and a 1 year high of $5.55. The firm has a market cap of $2.03 billion, a price-to-earnings ratio of 538.54 and a beta of 2.02.

Insider Buying and Selling at Uranium Energy

In related news, Director Moya Gloria L. Ballesta sold 50,000 shares of the stock in a transaction that occurred on Friday, July 21st. The stock was sold at an average price of $3.21, for a total value of $160,500.00. Following the completion of the sale, the director now owns 76,730 shares of the company’s stock, valued at $246,303.30. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 2.90% of the company’s stock.

Institutional Investors Weigh In On Uranium Energy

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. State Street Corp increased its holdings in shares of Uranium Energy by 13.6% in the first quarter. State Street Corp now owns 30,815,436 shares of the basic materials company’s stock valued at $141,443,000 after purchasing an additional 3,683,446 shares during the last quarter. BlackRock Inc. increased its holdings in shares of Uranium Energy by 9.0% in the second quarter. BlackRock Inc. now owns 26,659,038 shares of the basic materials company’s stock valued at $90,641,000 after purchasing an additional 2,204,717 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Uranium Energy by 8.7% in the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 19,502,601 shares of the basic materials company’s stock valued at $66,309,000 after purchasing an additional 1,556,530 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of Uranium Energy by 27.7% in the third quarter. Vanguard Group Inc. now owns 18,690,456 shares of the basic materials company’s stock valued at $65,417,000 after purchasing an additional 4,049,242 shares during the last quarter. Finally, MMCAP International Inc. SPC increased its holdings in shares of Uranium Energy by 24.3% in the first quarter. MMCAP International Inc. SPC now owns 16,261,044 shares of the basic materials company’s stock valued at $46,832,000 after purchasing an additional 3,182,288 shares during the last quarter. Institutional investors and hedge funds own 49.03% 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; Slick Rock project in Colorado; Reno Creek project in Wyoming; Dalton Pass and C de Baca project located in New Mexico; Diabase project located in Canada; and Yuty, Oviedo, and Alto Paraná titanium projects in Paraguay.