Uranium Energy (NYSEAMERICAN:UEC) Reaches New 1-Year High – Time to Buy?

Uranium Energy Corp. (NYSEAMERICAN:UEC)’s share price reached a new 52-week high on Thursday . The stock traded as high as $17.83 and last traded at $17.8030, with a volume of 3633288 shares traded. The stock had previously closed at $17.19.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Canaccord Genuity Group set a $17.50 price objective on Uranium Energy and gave the company a “buy” rating in a research note on Wednesday, September 24th. Stifel Nicolaus assumed coverage on Uranium Energy in a research report on Monday, October 6th. They set a “buy” rating and a $10.50 price target for the company. Roth Capital reissued a “buy” rating and set a $16.00 price objective on shares of Uranium Energy in a report on Thursday, December 11th. The Goldman Sachs Group raised their target price on shares of 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 boosted their price target on shares of Uranium Energy from $15.50 to $16.50 and gave the stock an “outperform” rating in a research note on Friday, December 19th. Two analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $14.92.

Uranium Energy Stock Up 2.0%

The firm has a fifty day moving average price of $12.77 and a two-hundred day moving average price of $11.71. The stock has a market capitalization of $8.47 billion, a P/E ratio of -146.31 and a beta of 1.23.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Vanguard Group Inc. increased its position in shares of Uranium Energy by 34.5% during the third quarter. Vanguard Group Inc. now owns 35,726,216 shares of the basic materials company’s stock valued at $476,588,000 after acquiring an additional 9,159,024 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Uranium Energy by 9.9% during the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 26,599,686 shares of the basic materials company’s stock valued at $354,847,000 after purchasing an additional 2,393,683 shares during the last quarter. State Street Corp increased its holdings in shares of Uranium Energy by 9.5% in the 2nd quarter. State Street Corp now owns 23,046,686 shares of the basic materials company’s stock worth $156,717,000 after purchasing an additional 2,000,516 shares in the last quarter. Norges Bank purchased a new position in shares of Uranium Energy in the second quarter worth $105,058,000. Finally, Geode Capital Management LLC lifted its holdings in shares of Uranium Energy by 3.0% during the second quarter. Geode Capital Management LLC now owns 9,902,310 shares of the basic materials company’s stock valued at $67,344,000 after purchasing an additional 289,662 shares in the last quarter. 62.28% of the stock is owned by hedge funds and other institutional investors.

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.