Uranium Energy (NYSEAMERICAN:UEC) has been assigned a $4.00 price target by investment analysts at HC Wainwright in a research report issued to clients and investors on Monday. The firm currently has a “buy” rating on the basic materials company’s stock. HC Wainwright’s price objective would suggest a potential upside of 189.86% from the company’s current price.

A number of other equities research analysts also recently commented on UEC. Roth Capital began coverage on Uranium Energy in a research report on Wednesday, October 25th. They issued a “buy” rating and a $3.00 price objective for the company. Cantor Fitzgerald downgraded Uranium Energy from a “buy” rating to a “sell” rating in a research report on Thursday, October 26th. Two equities research analysts have rated the stock with a sell rating and three have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $2.83.

Shares of Uranium Energy (NYSEAMERICAN UEC) opened at $1.38 on Monday. The company has a market capitalization of $206.12, a price-to-earnings ratio of -10.62 and a beta of 1.72. Uranium Energy has a 1 year low of $0.96 and a 1 year high of $2.00.

Uranium Energy (NYSEAMERICAN:UEC) last announced its quarterly earnings data on Monday, December 11th. The basic materials company reported ($0.03) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.02) by ($0.01).

A number of hedge funds have recently bought and sold shares of the business. MYDA Advisors LLC purchased a new stake in Uranium Energy during the fourth quarter valued at about $623,000. Virtu Financial LLC grew its position in Uranium Energy by 123.7% during the fourth quarter. Virtu Financial LLC now owns 532,256 shares of the basic materials company’s stock valued at $942,000 after acquiring an additional 294,284 shares during the period. BlackRock Inc. grew its position in Uranium Energy by 1.2% during the fourth quarter. BlackRock Inc. now owns 8,148,427 shares of the basic materials company’s stock valued at $14,423,000 after acquiring an additional 92,848 shares during the period. Global X Management Co. LLC grew its position in Uranium Energy by 23.5% during the fourth quarter. Global X Management Co. LLC now owns 9,334,591 shares of the basic materials company’s stock valued at $16,522,000 after acquiring an additional 1,773,871 shares during the period. Finally, Wells Fargo & Company MN grew its position in Uranium Energy by 230.6% during the fourth quarter. Wells Fargo & Company MN now owns 87,304 shares of the basic materials company’s stock valued at $155,000 after acquiring an additional 60,893 shares during the period.

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Uranium Energy Company Profile

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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