National Bank Financial Upgrades Uranium Energy (NYSEAMERICAN:UEC) to “Strong-Buy”

Uranium Energy (NYSEAMERICAN:UEC) was upgraded by stock analysts at National Bank Financial to a “strong-buy” rating in a report issued on Tuesday,Zacks.com reports.

A number of other brokerages also recently issued reports on UEC. National Bankshares set a $10.00 price target on Uranium Energy and gave the stock an “outperform” rating in a research report on Wednesday. Roth Mkm reissued a “buy” rating and set a $10.25 target price (up from $9.75) on shares of Uranium Energy in a report on Wednesday, October 23rd. Finally, 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.

Uranium Energy Stock Performance

Shares of NYSEAMERICAN:UEC opened at $7.06 on Tuesday. Uranium Energy has a 12-month low of $4.06 and a 12-month high of $8.93. The stock’s 50 day simple moving average is $6.64. The firm has a market cap of $2.99 billion, a price-to-earnings ratio of -58.83 and a beta of 1.88.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of UEC. Dynamic Technology Lab Private Ltd bought a new stake in shares of Uranium Energy during the fourth quarter worth $223,000. Wells Fargo & Company MN boosted its holdings in shares of Uranium Energy by 15.0% during the 4th quarter. Wells Fargo & Company MN now owns 753,643 shares of the basic materials company’s stock valued at $5,042,000 after acquiring an additional 98,130 shares in the last quarter. ExodusPoint Capital Management LP bought a new stake in Uranium Energy during the 4th quarter worth $448,000. Cinctive Capital Management LP bought a new stake in Uranium Energy during the 4th quarter worth $1,342,000. Finally, Headlands Technologies LLC increased its holdings in Uranium Energy by 177.7% in the 4th quarter. Headlands Technologies LLC now owns 110,130 shares of the basic materials company’s stock worth $737,000 after purchasing an additional 70,466 shares in the last quarter. Institutional investors and hedge funds own 62.28% of the company’s stock.

About Uranium Energy

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.