Uranium Energy Corp. (NYSEMKT:UEC)‘s stock had its “buy” rating reiterated by investment analysts at HC Wainwright in a research report issued on Friday. They currently have a $4.10 target price on the basic materials company’s stock. HC Wainwright’s price objective would suggest a potential upside of 290.48% from the company’s previous close.

UEC has been the topic of a number of other reports. Zacks Investment Research downgraded shares of Uranium Energy Corp. from a “buy” rating to a “hold” rating in a research note on Saturday, August 19th. ValuEngine downgraded shares of Uranium Energy Corp. from a “hold” rating to a “sell” rating in a research note on Friday, September 8th. Roth Capital assumed coverage on shares of Uranium Energy Corp. in a research note on Wednesday, October 25th. They issued a “buy” rating and a $3.00 price target on the stock. Finally, Cantor Fitzgerald downgraded shares of Uranium Energy Corp. from a “buy” rating to a “sell” rating in a research note on Thursday, October 26th. Two analysts have rated the stock with a sell rating and three have issued a buy rating to the company. Uranium Energy Corp. presently has an average rating of “Hold” and a consensus price target of $2.87.

Uranium Energy Corp. (NYSEMKT:UEC) opened at $1.05 on Friday. Uranium Energy Corp. has a fifty-two week low of $0.81 and a fifty-two week high of $1.92.

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Several institutional investors have recently added to or reduced their stakes in the company. State Board of Administration of Florida Retirement System purchased a new stake in shares of Uranium Energy Corp. in the 3rd quarter valued at approximately $152,000. Nomura Holdings Inc. purchased a new stake in Uranium Energy Corp. during the 2nd quarter worth approximately $186,000. California State Teachers Retirement System purchased a new stake in Uranium Energy Corp. during the 2nd quarter worth approximately $384,000. The Manufacturers Life Insurance Company increased its stake in Uranium Energy Corp. by 4,298.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 118,923 shares of the basic materials company’s stock worth $189,000 after buying an additional 116,219 shares during the period. Finally, State Street Corp increased its stake in Uranium Energy Corp. by 3,975.8% during the 2nd quarter. State Street Corp now owns 1,774,011 shares of the basic materials company’s stock worth $2,818,000 after buying an additional 1,730,485 shares during the period.

About Uranium Energy Corp.

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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