Uranium Energy (NYSEAMERICAN:UEC) Now Covered by Analysts at National Bank Financial

National Bank Financial initiated coverage on shares of Uranium Energy (NYSEAMERICAN:UEC) in a research note released on Wednesday, Marketbeat Ratings reports. The firm issued an outperform rating and a $10.00 price objective on the basic materials company’s stock.

Several other analysts have also recently weighed in on UEC. HC Wainwright boosted their price objective on Uranium Energy from $10.25 to $11.00 and gave the stock a “buy” rating in a report on Monday, December 9th. Roth Mkm reissued a “buy” rating and set a $10.25 price objective (up from $9.75) on shares of Uranium Energy in a report on Wednesday, October 23rd.

Uranium Energy Price Performance

Shares of NYSEAMERICAN:UEC opened at $7.06 on Wednesday. Uranium Energy has a 1-year low of $4.06 and a 1-year high of $8.93. The stock’s 50-day moving average price is $6.64.

Institutional Trading of Uranium Energy

Institutional investors and hedge funds have recently modified their holdings of the stock. Harbour Investments Inc. increased its stake in shares of Uranium Energy by 947.4% in the 4th quarter. Harbour Investments Inc. now owns 3,886 shares of the basic materials company’s stock valued at $26,000 after acquiring an additional 3,515 shares during the last quarter. GAMMA Investing LLC increased its stake in Uranium Energy by 180.1% during the 4th quarter. GAMMA Investing LLC now owns 4,338 shares of the basic materials company’s stock worth $29,000 after purchasing an additional 2,789 shares in the last quarter. Generali Investments Management Co LLC bought a new stake in Uranium Energy during the 4th quarter worth approximately $30,000. Farther Finance Advisors LLC increased its stake 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 purchasing an additional 4,720 shares in the last quarter. Finally, Quintet Private Bank Europe S.A. bought a new stake in Uranium Energy during the 3rd quarter worth approximately $33,000. 62.28% of the stock is owned by institutional investors.

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.