Uranium Energy Corp. (NYSEAMERICAN:UEC) Receives Average Recommendation of “Buy” from Analysts

Uranium Energy Corp. (NYSEAMERICAN:UEC) Shares have been given an average recommendation of “Buy” by the eleven ratings firms that are covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company. The average 1-year target price among analysts that have covered the stock in the last year is $14.9167. Uranium Energy Stock Performance Shares of Uranium Energy stock opened at $14.54 on Wednesday. The company has a market capitalization of $7.03 billion, a P/E ratio of -121.17 and a beta of 1.23. Uranium Energy has a 1 year low of $3.85 and a 1 year high of $17.80. The company’s fifty day moving average is $12.65 and its two-hundred day moving average is $11.38. Institutional Trading of Uranium Energy Several hedge funds and other institutional investors have recently made changes to their positions in the company. Ameritas Advisory Services LLC acquired a new position in shares of Uranium Energy during the third quarter worth about $33,000. Strategic Advocates LLC purchased a new stake in Uranium Energy in the 3rd quarter valued at approximately $40,000. IFP Advisors Inc increased its position in Uranium Energy by 732.8% during the 2nd quarter. IFP Advisors Inc now owns 3,981 shares of the basic materials company’s stock worth $27,000 after purchasing an additional 3,503 shares during the period. GPS Wealth Strategies Group LLC increased its position in Uranium Energy by 31.0% during the 3rd quarter. GPS Wealth Strategies Group LLC now owns 4,654 shares of the basic materials company’s stock worth $62,000 after purchasing an additional 1,100 shares during the period. Finally, Operose Advisors LLC purchased a new position in shares of Uranium Energy during the 2nd quarter worth approximately $34,000. Hedge funds and other institutional investors own 62.28% of the company. Uranium Energy Company Profile 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.