Uranium Energy (NYSEAMERICAN:UEC) has been given a $4.00 target price by analysts at HC Wainwright in a research report issued on Tuesday, November 28th. The brokerage currently has a “buy” rating on the basic materials company’s stock. HC Wainwright’s target price points to a potential upside of 124.72% from the stock’s current price.
UEC has been the topic of several other reports. Zacks Investment Research upgraded Uranium Energy from a “hold” rating to a “buy” rating and set a $1.50 price objective on the stock in a research report on Wednesday, August 16th. ValuEngine downgraded Uranium Energy from a “hold” rating to a “sell” rating in a research report on Friday, September 8th. Roth Capital assumed coverage on Uranium Energy in a research report on Wednesday, October 25th. They issued a “buy” rating and a $3.00 price objective on the stock. Finally, Cantor Fitzgerald downgraded Uranium Energy from a “buy” rating to a “sell” rating in a research report on Thursday, October 26th. Two investment analysts have rated the stock with a sell rating and three have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $2.83.
Uranium Energy (UEC) traded up $0.10 on Tuesday, reaching $1.78. The company’s stock had a trading volume of 1,618,850 shares, compared to its average volume of 1,576,666. Uranium Energy has a one year low of $0.94 and a one year high of $1.92.
Institutional investors have recently added to or reduced their stakes in the stock. Voya Investment Management LLC acquired a new position in Uranium Energy in the second quarter valued at $104,000. Nationwide Fund Advisors acquired a new position in Uranium Energy in the second quarter valued at $121,000. New York State Common Retirement Fund acquired a new position in Uranium Energy in the second quarter valued at $130,000. State Board of Administration of Florida Retirement System acquired a new position in Uranium Energy in the third quarter valued at $152,000. Finally, KCG Holdings Inc. increased its stake in Uranium Energy by 949.2% during the first quarter. KCG Holdings Inc. now owns 116,422 shares of the basic materials company’s stock worth $165,000 after acquiring an additional 105,326 shares during the last quarter.
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Uranium Energy Company Profile
Uranium Energy Corp. is engaged in uranium mining and related activities, including exploration, pre-extraction, extraction and processing of uranium concentrates, on projects located in the United States and Paraguay. The Company utilizes in-situ recovery (ISR) mining. The Company has uranium mine located in the state of Texas, the Palangana Mine, which utilizes ISR mining and extracts uranium oxide (U3O8).
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