Uranium Energy (NYSEAMERICAN:UEC) Price Target Raised to $16.50

Uranium Energy (NYSEAMERICAN:UEC) had its price target hoisted by National Bankshares from $15.50 to $16.50 in a research report sent to investors on Friday,BayStreet.CA reports. The firm currently has an outperform rating on the basic materials company’s stock.

Other analysts have also recently issued research reports about the stock. Roth Capital reiterated a “buy” rating and issued a $16.00 price target on shares of Uranium Energy in a report on Thursday, December 11th. Canaccord Genuity Group set a $17.50 target price on shares of Uranium Energy and gave the stock a “buy” rating in a research report on Wednesday, September 24th. Stifel Nicolaus started coverage on shares of Uranium Energy in a research note on Monday, October 6th. They set a “buy” rating and a $10.50 target price on the stock. The Goldman Sachs Group increased their price target on shares of Uranium Energy from $13.00 to $17.00 and gave the stock a “buy” rating in a research note on Friday, September 26th. Finally, HC Wainwright lifted their price objective on Uranium Energy from $12.75 to $19.75 and gave the company a “buy” rating in a research report on Thursday, September 25th. Two investment analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $14.92.

Uranium Energy Price Performance

UEC opened at $12.39 on Friday. Uranium Energy has a one year low of $3.85 and a one year high of $17.80. The business has a 50 day simple moving average of $13.16 and a two-hundred day simple moving average of $10.86. The firm has a market capitalization of $5.99 billion, a price-to-earnings ratio of -103.25 and a beta of 1.35.

Hedge Funds Weigh In On Uranium Energy

Large investors have recently bought and sold shares of the business. IFP Advisors Inc boosted its position in Uranium Energy by 732.8% in the 2nd quarter. IFP Advisors Inc now owns 3,981 shares of the basic materials company’s stock valued at $27,000 after buying an additional 3,503 shares during the period. Ameritas Advisory Services LLC purchased a new stake in shares of Uranium Energy in the third quarter valued at approximately $33,000. Operose Advisors LLC purchased a new stake in shares of Uranium Energy in the second quarter valued at approximately $34,000. Strategic Advocates LLC bought a new position in Uranium Energy in the third quarter worth approximately $40,000. Finally, Oarsman Capital Inc. increased its holdings in Uranium Energy by 900.0% during the 1st quarter. Oarsman Capital Inc. now owns 10,000 shares of the basic materials company’s stock worth $48,000 after purchasing an additional 9,000 shares during the period. Hedge funds and other institutional investors own 62.28% of the company’s stock.

About Uranium Energy

Uranium Energy Corp. is a uranium mining and exploration company focused on the development and production of uranium through in-situ recovery (ISR) methods. The company’s core activities include operating ISR projects, advancing exploration properties, and engaging in joint ventures to secure uranium supply for nuclear power generation. Uranium Energy’s approach emphasizes environmentally conscious extraction techniques that minimize land disturbance and water usage compared with conventional mining.

The company’s primary producing asset is the Hobson ISR facility in South Texas, which commenced production to supply uranium concentrate to nuclear utilities.