Roth Mkm Boosts Uranium Energy (NYSEAMERICAN:UEC) Price Target to $9.50

Uranium Energy (NYSEAMERICAN:UEC) had its target price raised by Roth Mkm from $9.00 to $9.50 in a report issued on Wednesday morning, Benzinga reports. The brokerage currently has a buy rating on the basic materials company’s stock.

Separately, HC Wainwright reissued a buy rating and issued a $10.25 price target on shares of Uranium Energy in a report on Tuesday. One research analyst has rated the stock with a sell rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, Uranium Energy currently has an average rating of Moderate Buy and an average price target of $10.31.

Uranium Energy Price Performance

Shares of NYSEAMERICAN:UEC opened at $6.37 on Wednesday. The business has a fifty day moving average of $6.44. The company has a market cap of $2.60 billion, a price-to-earnings ratio of -212.17 and a beta of 1.84. Uranium Energy has a one year low of $4.06 and a one year high of $8.34.

Insider Activity at Uranium Energy

In other Uranium Energy news, EVP Scott Melbye bought 9,500 shares of Uranium Energy stock in a transaction that occurred on Friday, September 6th. The shares were bought at an average price of $4.18 per share, with a total value of $39,710.00. Following the acquisition, the executive vice president now owns 988,031 shares in the company, valued at $4,129,969.58. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, EVP Scott Melbye purchased 9,500 shares of the company’s stock in a transaction on Friday, September 6th. The stock was acquired at an average price of $4.18 per share, with a total value of $39,710.00. Following the transaction, the executive vice president now directly owns 988,031 shares of the company’s stock, valued at approximately $4,129,969.58. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Amir Adnani purchased 60,000 shares of the company’s stock in a transaction on Friday, September 6th. The shares were purchased at an average cost of $4.10 per share, with a total value of $246,000.00. Following the transaction, the chief executive officer now directly owns 4,242,326 shares in the company, valued at $17,393,536.60. The disclosure for this purchase can be found here. 2.40% of the stock is owned by insiders.

Institutional Investors Weigh In On Uranium Energy

Institutional investors have recently added to or reduced their stakes in the company. Strategic Investment Solutions Inc. IL purchased a new stake in shares of Uranium Energy in the 2nd quarter worth about $26,000. EntryPoint Capital LLC lifted its position in shares of Uranium Energy by 897.7% in the 1st quarter. EntryPoint Capital LLC now owns 4,340 shares of the basic materials company’s stock worth $29,000 after purchasing an additional 3,905 shares during the period. EP Wealth Advisors LLC purchased a new stake in shares of Uranium Energy in the 4th quarter worth about $64,000. Parallel Advisors LLC lifted its position in Uranium Energy by 39.7% during the 4th quarter. Parallel Advisors LLC now owns 10,293 shares of the basic materials company’s stock valued at $66,000 after acquiring an additional 2,923 shares during the period. Finally, Kingswood Wealth Advisors LLC purchased a new position in Uranium Energy during the 1st quarter valued at about $68,000. Hedge funds and other institutional investors own 62.28% of the company’s stock.

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.