Uranium Energy (NYSEAMERICAN:UEC) Given a $10.00 Price Target by National Bankshares Analysts

Uranium Energy (NYSEAMERICAN:UEC) received a $10.00 price target from investment analysts at National Bankshares in a research note issued to investors on Wednesday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the basic materials company’s stock. National Bankshares’ price objective indicates a potential upside of 43.27% from the stock’s current price.

Several other research firms have also recently issued reports on UEC. National Bank Financial initiated coverage on Uranium Energy in a research report on Wednesday. They set an “outperform” rating and a $10.00 target price on the stock. Roth Mkm reaffirmed a “buy” rating and set a $10.25 price objective (up previously from $9.75) on shares of Uranium Energy in a report on Wednesday, October 23rd. Finally, HC Wainwright raised their target price on Uranium Energy from $10.25 to $11.00 and gave the company a “buy” rating in a report on Monday, December 9th.

Uranium Energy Stock Down 1.1 %

Uranium Energy stock opened at $6.98 on Wednesday. The firm has a market cap of $2.95 billion, a PE ratio of -58.17 and a beta of 1.88. The stock’s 50 day moving average is $6.64. Uranium Energy has a twelve month low of $4.06 and a twelve month high of $8.93.

Hedge Funds Weigh In On Uranium Energy

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Creative Planning raised its position in Uranium Energy by 13.3% during the second quarter. Creative Planning now owns 50,157 shares of the basic materials company’s stock worth $301,000 after acquiring an additional 5,871 shares during the last quarter. Vontobel Holding Ltd. increased its stake 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 worth $239,000 after purchasing an additional 1,461 shares in the last quarter. Sequoia Financial Advisors LLC raised its position 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 purchasing an additional 12,582 shares during the last quarter. Saxony Capital Management LLC purchased a new stake in Uranium Energy in the 3rd quarter valued at approximately $81,000. Finally, International Assets Investment Management LLC grew its holdings in Uranium Energy by 222.7% during the 3rd quarter. International Assets Investment Management LLC now owns 26,610 shares of the basic materials company’s stock valued at $165,000 after buying an additional 18,365 shares during the last quarter. 62.28% of the stock is owned by institutional investors and hedge funds.

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.