Shares of Uranium Energy Corp. (NYSEAMERICAN:UEC – Get Free Report) traded up 3.7% during mid-day trading on Monday . The company traded as high as $5.90 and last traded at $5.85. 894,986 shares traded hands during mid-day trading, a decline of 87% from the average session volume of 6,805,822 shares. The stock had previously closed at $5.64.
Analysts Set New Price Targets
A number of equities analysts recently issued reports on the company. TD Securities assumed coverage on Uranium Energy in a research note on Wednesday, September 13th. They issued a “speculative buy” rating and a $6.00 target price for the company. TD Cowen assumed coverage on Uranium Energy in a research note on Wednesday, September 13th. They issued a “speculative buy” rating and a $6.00 target price for the company. StockNews.com upgraded Uranium Energy to a “sell” rating in a research note on Sunday, October 8th. HC Wainwright raised their target price on Uranium Energy from $8.00 to $8.25 and gave the stock a “buy” rating in a research note on Tuesday. Finally, Roth Mkm raised their target price on Uranium Energy from $6.00 to $6.75 and gave the stock a “buy” rating in a research note on Tuesday, October 10th. One equities research analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $6.75.
Uranium Energy Stock Up 1.9 %
Hedge Funds Weigh In On Uranium Energy
Several institutional investors and hedge funds have recently modified their holdings of UEC. MMCAP International Inc. SPC increased its stake in shares of Uranium Energy by 59.4% in the 3rd quarter. MMCAP International Inc. SPC now owns 21,427,711 shares of the basic materials company’s stock valued at $110,353,000 after purchasing an additional 7,987,736 shares in the last quarter. FMR LLC boosted its holdings in Uranium Energy by 5,187.7% in the 3rd quarter. FMR LLC now owns 7,261,126 shares of the basic materials company’s stock worth $37,395,000 after buying an additional 7,123,805 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Uranium Energy by 27.7% in the 3rd quarter. Vanguard Group Inc. now owns 18,690,456 shares of the basic materials company’s stock worth $65,417,000 after buying an additional 4,049,242 shares during the last quarter. State Street Corp boosted its holdings in Uranium Energy by 13.6% in the 1st quarter. State Street Corp now owns 30,815,436 shares of the basic materials company’s stock worth $141,443,000 after buying an additional 3,683,446 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in Uranium Energy by 200.7% in the 1st quarter. JPMorgan Chase & Co. now owns 3,781,023 shares of the basic materials company’s stock worth $10,890,000 after buying an additional 2,523,430 shares during the last quarter. Hedge funds and other institutional investors own 49.03% 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.
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