Uranium Energy (NYSEAMERICAN:UEC) Sets New 12-Month High – Should You Buy?

Uranium Energy Corp. (NYSEAMERICAN:UEC)’s share price reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $19.02 and last traded at $18.7660, with a volume of 3279218 shares trading hands. The stock had previously closed at $18.07.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the stock. Stifel Nicolaus assumed coverage on shares of Uranium Energy in a research note on Monday, October 6th. They issued a “buy” rating and a $10.50 price target for the company. Roth Mkm reaffirmed a “buy” rating and issued a $16.00 target price on shares of Uranium Energy in a research report on Thursday, December 11th. BMO Capital Markets reiterated a “market perform” rating and issued a $14.00 price target (up previously from $7.75) on shares of Uranium Energy in a report on Thursday, September 25th. The Goldman Sachs Group raised their price objective on Uranium Energy from $13.00 to $17.00 and gave the company a “buy” rating in a research note on Friday, September 26th. Finally, National Bankshares upped their target price on Uranium Energy from $15.50 to $16.50 and gave the stock an “outperform” rating in a research report on Friday, December 19th. Two research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, Uranium Energy has an average rating of “Buy” and a consensus target price of $14.92.

Uranium Energy Trading Up 5.5%

The stock has a market capitalization of $9.60 billion, a PE ratio of -165.50 and a beta of 1.23. The stock’s fifty day simple moving average is $13.50 and its 200-day simple moving average is $12.16.

Institutional Investors Weigh In On Uranium Energy

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Clear Creek Financial Management LLC grew its holdings in shares of Uranium Energy by 2.3% in the fourth quarter. Clear Creek Financial Management LLC now owns 28,949 shares of the basic materials company’s stock valued at $338,000 after acquiring an additional 655 shares in the last quarter. Massachusetts Financial Services Co. MA purchased a new position in Uranium Energy in the fourth quarter worth $22,260,000. Newbridge Financial Services Group Inc. grew its stake in Uranium Energy by 15.1% in the 4th quarter. Newbridge Financial Services Group Inc. now owns 7,625 shares of the basic materials company’s stock valued at $89,000 after purchasing an additional 1,000 shares during the period. Sound Income Strategies LLC grew its stake in Uranium Energy by 159.1% in the 4th quarter. Sound Income Strategies LLC now owns 3,094 shares of the basic materials company’s stock valued at $36,000 after purchasing an additional 1,900 shares during the period. Finally, Rathbones Group PLC increased its position in shares of Uranium Energy by 12.7% during the 4th quarter. Rathbones Group PLC now owns 90,888 shares of the basic materials company’s stock valued at $1,062,000 after purchasing an additional 10,221 shares during the last quarter. Hedge funds and other institutional investors own 62.28% of the company’s stock.

About Uranium Energy

Uranium Energy Corp. is a uranium mining and exploration company focused on the development and production of uranium through in-situ recovery (ISR) methods. The company’s core activities include operating ISR projects, advancing exploration properties, and engaging in joint ventures to secure uranium supply for nuclear power generation. Uranium Energy’s approach emphasizes environmentally conscious extraction techniques that minimize land disturbance and water usage compared with conventional mining.

The company’s primary producing asset is the Hobson ISR facility in South Texas, which commenced production to supply uranium concentrate to nuclear utilities.