HC Wainwright set a $4.00 price objective on Uranium Energy (NYSEAMERICAN:UEC) in a research report report published on Tuesday, March 13th. The brokerage currently has a buy rating on the basic materials company’s stock.
Separately, Zacks Investment Research lowered shares of Uranium Energy from a hold rating to a strong sell rating in a research report on Friday, February 16th. Three investment analysts have rated the stock with a sell rating and two have issued a buy rating to the stock. Uranium Energy has an average rating of Hold and an average price target of $2.83.
Shares of Uranium Energy stock opened at $1.34 on Tuesday. The company has a market cap of $231.86, a P/E ratio of -10.31 and a beta of 1.82. Uranium Energy has a 12-month low of $0.96 and a 12-month high of $2.00.
Several large investors have recently bought and sold shares of UEC. Teachers Advisors LLC acquired a new position in shares of Uranium Energy in the second quarter worth $390,000. TIAA CREF Investment Management LLC acquired a new position in shares of Uranium Energy during the second quarter worth $578,000. Nationwide Fund Advisors acquired a new position in shares of Uranium Energy during the second quarter worth $121,000. New York State Common Retirement Fund acquired a new position in shares of Uranium Energy during the second quarter worth $130,000. Finally, Northern Trust Corp grew its stake in shares of Uranium Energy by 441.2% during the second quarter. Northern Trust Corp now owns 1,517,722 shares of the basic materials company’s stock worth $2,413,000 after purchasing an additional 1,237,289 shares in the last quarter.
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Uranium Energy Company Profile
Uranium Energy Corp. is engaged in uranium mining and related activities, including exploration, pre-extraction, extraction and processing of uranium concentrates, on projects located in the United States and Paraguay. The Company utilizes in-situ recovery (ISR) mining. The Company has uranium mine located in the state of Texas, the Palangana Mine, which utilizes ISR mining and extracts uranium oxide (U3O8).
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