Uranium Energy (NYSEAMERICAN:UEC) Reaches New 12-Month High – Here’s What Happened

Uranium Energy Corp. (NYSEAMERICAN:UEC)’s share price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $19.02 and last traded at $18.7660, with a volume of 3279218 shares traded. The stock had previously closed at $18.07.

Wall Street Analyst Weigh In

Several research firms have weighed in on UEC. HC Wainwright boosted their target price on shares of Uranium Energy from $12.75 to $19.75 and gave the company a “buy” rating in a report on Thursday, September 25th. Stifel Canada upgraded Uranium Energy to a “strong-buy” rating in a report on Friday, October 3rd. Zacks Research raised Uranium Energy from a “strong sell” rating to a “hold” rating in a research note on Monday, December 1st. The Goldman Sachs Group upped their price target on Uranium Energy from $13.00 to $17.00 and gave the company a “buy” rating in a research note on Friday, September 26th. Finally, National Bankshares raised their price objective on Uranium Energy from $15.50 to $16.50 and gave the stock an “outperform” rating in a research report on Friday, December 19th. Two research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, Uranium Energy presently has a consensus rating of “Buy” and a consensus target price of $14.92.

Uranium Energy Stock Performance

The company has a market capitalization of $9.00 billion, a price-to-earnings ratio of -155.36 and a beta of 1.23. The firm has a 50-day simple moving average of $13.20 and a two-hundred day simple moving average of $12.06.

Institutional Investors Weigh In On Uranium Energy

A number of hedge funds have recently added to or reduced their stakes in UEC. CoreCap Advisors LLC increased its position in shares of Uranium Energy by 3.1% during the third quarter. CoreCap Advisors LLC now owns 25,200 shares of the basic materials company’s stock worth $336,000 after acquiring an additional 750 shares during the period. Heritage Family Offices LLP grew its stake in Uranium Energy by 5.2% during the 4th quarter. Heritage Family Offices LLP now owns 15,785 shares of the basic materials company’s stock worth $184,000 after purchasing an additional 785 shares in the last quarter. Balboa Wealth Partners increased its holdings in Uranium Energy by 3.3% during the 4th quarter. Balboa Wealth Partners now owns 27,045 shares of the basic materials company’s stock worth $316,000 after purchasing an additional 856 shares during the period. Newbridge Financial Services Group Inc. raised its position in Uranium Energy by 15.1% in the 4th quarter. Newbridge Financial Services Group Inc. now owns 7,625 shares of the basic materials company’s stock valued at $89,000 after purchasing an additional 1,000 shares in the last quarter. Finally, GPS Wealth Strategies Group LLC boosted its stake in shares of Uranium Energy by 31.0% in the 3rd quarter. GPS Wealth Strategies Group LLC now owns 4,654 shares of the basic materials company’s stock valued at $62,000 after buying an additional 1,100 shares during the period. 62.28% of the stock is currently owned by institutional investors and hedge funds.

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.