Uranium Energy (NYSEAMERICAN:UEC) Stock Price Up 9.4% – Still a Buy?

Uranium Energy Corp. (NYSEAMERICAN:UEC) shares were up 9.4% during trading on Thursday . The company traded as high as $7.41 and last traded at $7.32. Approximately 2,475,758 shares changed hands during trading, a decline of 68% from the average daily volume of 7,617,867 shares. The stock had previously closed at $6.69.

Analyst Upgrades and Downgrades

Several brokerages recently commented on UEC. HC Wainwright boosted their price target on Uranium Energy from $10.25 to $11.00 and gave the company a “buy” rating in a research note on Monday, December 9th. Roth Mkm reaffirmed a “buy” rating and set a $10.25 price objective (up from $9.75) on shares of Uranium Energy in a research note on Wednesday, October 23rd.

Uranium Energy Stock Up 0.3 %

The stock has a market cap of $3.23 billion, a price-to-earnings ratio of -63.67 and a beta of 1.84. The firm’s 50-day moving average is $6.61.

Institutional Trading of Uranium Energy

Several hedge funds have recently bought and sold shares of the stock. GAMMA Investing LLC lifted its holdings in shares of Uranium Energy by 180.1% in the fourth quarter. GAMMA Investing LLC now owns 4,338 shares of the basic materials company’s stock valued at $29,000 after purchasing an additional 2,789 shares in the last quarter. Strategic Investment Solutions Inc. IL bought a new stake in Uranium Energy in the 2nd quarter valued at approximately $26,000. Farther Finance Advisors LLC boosted its position in Uranium Energy by 5,130.4% during the 3rd quarter. Farther Finance Advisors LLC now owns 4,812 shares of the basic materials company’s stock worth $30,000 after acquiring an additional 4,720 shares during the last quarter. Quintet Private Bank Europe S.A. bought a new position in shares of Uranium Energy during the 3rd quarter worth approximately $33,000. Finally, BNP Paribas acquired a new stake in shares of Uranium Energy in the third quarter valued at approximately $38,000. 62.28% of the stock is currently owned by institutional investors and hedge funds.

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.