Uranium Energy (NYSEAMERICAN:UEC) Shares Gap Up to $6.75

Shares of Uranium Energy Corp. (NYSEAMERICAN:UEC) gapped up before the market opened on Wednesday . The stock had previously closed at $6.75, but opened at $7.28. Uranium Energy shares last traded at $7.22, with a volume of 3,367,279 shares changing hands.

Analysts Set New Price Targets

Several brokerages have recently issued reports on UEC. Eight Capital lifted their price target on Uranium Energy from $7.00 to $13.00 and gave the company a “buy” rating in a research report on Monday, January 15th. HC Wainwright raised their price objective on Uranium Energy from $8.25 to $9.75 and gave the stock a “buy” rating in a research note on Thursday, January 18th. One investment analyst has rated the stock with a sell rating and five have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $8.80.

Uranium Energy Price Performance

The company has a market capitalization of $2.78 billion, a price-to-earnings ratio of -716.00 and a beta of 1.83. The firm has a 50 day simple moving average of $6.38.

Uranium Energy (NYSEAMERICAN:UEC) last issued its earnings results on Monday, March 11th. The basic materials company reported $0.01 EPS for the quarter, hitting the consensus estimate of $0.01. The business had revenue of $0.12 million during the quarter, compared to analysts’ expectations of $16.00 million. Uranium Energy had a negative return on equity of 1.11% and a negative net margin of 8.20%. On average, equities analysts predict that Uranium Energy Corp. will post 0.08 earnings per share for the current year.

Insider Transactions at Uranium Energy

In other news, Director Volpe Vincent Della sold 84,000 shares of the firm’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $8.17, for a total value of $686,280.00. Following the completion of the sale, the director now owns 186,095 shares of the company’s stock, valued at $1,520,396.15. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, Director Volpe Vincent Della sold 84,000 shares of the stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $8.17, for a total transaction of $686,280.00. Following the completion of the sale, the director now directly owns 186,095 shares in the company, valued at $1,520,396.15. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director David Kong sold 26,000 shares of the stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $6.81, for a total value of $177,060.00. Following the sale, the director now owns 154,085 shares of the company’s stock, valued at $1,049,318.85. The disclosure for this sale can be found here. 2.90% of the stock is currently owned by insiders.

Institutional Trading of Uranium Energy

Hedge funds and other institutional investors have recently modified their holdings of the company. Millburn Ridgefield Corp purchased a new stake in shares of Uranium Energy during the third quarter worth $27,000. Catalyst Capital Advisors LLC bought a new position in Uranium Energy during the third quarter valued at about $27,000. Farmers & Merchants Trust Co of Chambersburg PA bought a new position in Uranium Energy during the fourth quarter valued at about $27,000. Stonehage Fleming Financial Services Holdings Ltd bought a new position in Uranium Energy during the third quarter valued at about $33,000. Finally, CVA Family Office LLC bought a new position in Uranium Energy during the fourth quarter valued at about $38,000. 62.28% of the stock is currently owned by hedge funds and other institutional investors.

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; 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.