HC Wainwright set a $4.00 price target on Uranium Energy (NYSEAMERICAN:UEC) in a research note issued to investors on Tuesday. The brokerage currently has a buy rating on the basic materials company’s stock.
Separately, Zacks Investment Research downgraded shares of Uranium Energy from a hold rating to a strong sell rating in a report on Friday, February 16th. Three equities research analysts have rated the stock with a sell rating and two have issued a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus target price of $2.83.
Uranium Energy (UEC) opened at $1.34 on Tuesday. The firm has a market cap of $231.86, a price-to-earnings ratio of -10.46 and a beta of 1.82. Uranium Energy has a 1-year low of $0.96 and a 1-year high of $2.00.
Several large investors have recently made changes to their positions in the stock. Voya Investment Management LLC purchased a new stake in Uranium Energy in the 2nd quarter worth about $104,000. Nationwide Fund Advisors purchased a new stake in Uranium Energy in the 2nd quarter worth about $121,000. MetLife Investment Advisors LLC purchased a new stake in Uranium Energy in the 4th quarter worth about $126,000. New York State Common Retirement Fund purchased a new stake in Uranium Energy in the 2nd quarter worth about $130,000. Finally, Quad Capital Management Advisors LLC purchased a new stake in Uranium Energy in the 4th quarter worth about $147,000.
About Uranium Energy
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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