Uranium Energy (NYSEAMERICAN:UEC) Stock Rating Upgraded by Stifel Canada

Uranium Energy (NYSEAMERICAN:UEC) was upgraded by research analysts at Stifel Canada to a “strong-buy” rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

UEC has been the topic of a number of other reports. HC Wainwright raised their price objective on shares of Uranium Energy from $10.25 to $11.00 and gave the company a “buy” rating in a report on Monday, December 9th. Stifel Nicolaus initiated coverage on shares of Uranium Energy in a report on Wednesday. They issued a “buy” rating on the stock. National Bankshares set a $10.00 price objective on shares of Uranium Energy and gave the company an “outperform” rating in a report on Wednesday, February 12th. Finally, National Bank Financial initiated coverage on shares of Uranium Energy in a report on Wednesday, February 12th. They issued an “outperform” rating and a $10.00 price objective on the stock. Four equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $10.31.

Uranium Energy Stock Up 1.4 %

Uranium Energy stock opened at $5.13 on Tuesday. The firm has a market cap of $2.17 billion, a PE ratio of -42.75 and a beta of 1.88. Uranium Energy has a 52-week low of $4.06 and a 52-week high of $8.93. The company’s 50 day moving average is $6.72 and its two-hundred day moving average is $6.92.

Hedge Funds Weigh In On Uranium Energy

A number of large investors have recently modified their holdings of the business. SG Americas Securities LLC grew its holdings in Uranium Energy by 107.6% during the 4th quarter. SG Americas Securities LLC now owns 351,233 shares of the basic materials company’s stock valued at $2,350,000 after buying an additional 182,016 shares during the last quarter. Van ECK Associates Corp grew its holdings in Uranium Energy by 33.2% during the 4th quarter. Van ECK Associates Corp now owns 6,602,890 shares of the basic materials company’s stock valued at $44,174,000 after buying an additional 1,645,919 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new stake in shares of Uranium Energy during the third quarter worth $12,643,000. Intech Investment Management LLC acquired a new stake in shares of Uranium Energy during the third quarter worth $600,000. Finally, Barclays PLC boosted its holdings in shares of Uranium Energy by 394.5% during the third quarter. Barclays PLC now owns 697,045 shares of the basic materials company’s stock worth $4,329,000 after purchasing an additional 556,081 shares during the last quarter. 62.28% of the stock is owned by hedge funds and other institutional investors.

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.