Uranium Energy (NYSEAMERICAN:UEC) rose 2.4% during mid-day trading on Tuesday . The company traded as high as $1.66 and last traded at $1.68. Approximately 1,628,600 shares were traded during mid-day trading, an increase of 51% from the average daily volume of 1,078,937 shares. The stock had previously closed at $1.64.
UEC has been the subject of a number of recent research reports. HC Wainwright set a $4.00 target price on shares of Uranium Energy and gave the company a “buy” rating in a research report on Monday, February 12th. Zacks Investment Research cut shares of Uranium Energy from a “hold” rating to a “strong sell” rating in a research report on Friday, February 16th. Three investment analysts have rated the stock with a sell rating and two have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $2.83.
Several institutional investors have recently added to or reduced their stakes in the company. Wells Fargo & Company MN increased its position in Uranium Energy by 230.6% during the 4th quarter. Wells Fargo & Company MN now owns 87,304 shares of the basic materials company’s stock valued at $155,000 after purchasing an additional 60,893 shares during the period. Commerzbank Aktiengesellschaft FI increased its position in Uranium Energy by 6.6% during the 4th quarter. Commerzbank Aktiengesellschaft FI now owns 1,000,529 shares of the basic materials company’s stock valued at $1,771,000 after purchasing an additional 62,000 shares during the period. MetLife Investment Advisors LLC acquired a new stake in Uranium Energy during the 4th quarter valued at approximately $126,000. Quad Capital Management Advisors LLC acquired a new stake in Uranium Energy during the 4th quarter valued at approximately $147,000. Finally, BlackRock Inc. increased its position in Uranium Energy by 1.2% during the 4th quarter. BlackRock Inc. now owns 8,148,427 shares of the basic materials company’s stock valued at $14,423,000 after purchasing an additional 92,848 shares during the period.
Uranium Energy Company Profile
Uranium Energy Corp. operates as a uranium mining and exploration company. Its projects in South Texas include the Palangana ISR mine, the permitted Goliad ISR project, and the development-stage Burke Hollow ISR project; and project in Wyoming comprise the permitted Reno Creek ISR project. The company also controls a pipeline of advanced-stage uranium projects in Arizona, Colorado, New Mexico, and Paraguay, as well as a high-grade titanium project in Paraguay.
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