Zacks Investment Research upgraded shares of Uranium Energy (NYSEAMERICAN:UEC) from a hold rating to a buy rating in a report released on Friday morning, Zacks.com reports. Zacks Investment Research currently has $1.50 target price on the basic materials company’s stock.
According to Zacks, “Uranium Energy Corp is a US-based junior resource company with the objective of becoming a near-term ISR uranium producer in the United States. The Company controls one of the largest historical uranium exploration and development databases in the US. Through the use of these databases, the Company has acquired advanced uranium properties throughout the southwestern US. The operational management is comprised of pre-eminent uranium mining and exploration professionals, whose collective experience in the uranium mining industry gives the Company ongoing uranium mine-finding and uranium mine development expertise. Uranium Energy Corp is well positioned to capitalize on the current alternative energy boom. “
Separately, HC Wainwright set a $4.00 target price on shares of Uranium Energy and gave the company a buy rating in a research report on Tuesday, June 11th.
Uranium Energy (NYSEAMERICAN:UEC) last issued its quarterly earnings data on Monday, June 10th. The basic materials company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.01).
Large investors have recently bought and sold shares of the company. Two Sigma Securities LLC bought a new stake in shares of Uranium Energy in the 4th quarter valued at $28,000. Commerzbank Aktiengesellschaft FI boosted its stake in Uranium Energy by 7.7% during the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 1,081,812 shares of the basic materials company’s stock worth $1,352,000 after acquiring an additional 77,071 shares in the last quarter. Northern Trust Corp boosted its stake in Uranium Energy by 7.6% during the fourth quarter. Northern Trust Corp now owns 1,935,658 shares of the basic materials company’s stock worth $2,419,000 after acquiring an additional 136,853 shares in the last quarter. Principal Financial Group Inc. bought a new position in Uranium Energy during the fourth quarter worth $31,000. Finally, Virtu Financial LLC boosted its stake in Uranium Energy by 277.4% during the first quarter. Virtu Financial LLC now owns 110,595 shares of the basic materials company’s stock worth $155,000 after acquiring an additional 81,291 shares in the last quarter.
Uranium Energy Company Profile
Uranium Energy Corp. engages in exploration, pre-extraction, extraction, and processing uranium and titanium concentrates in the United States, Canada, and Paraguay. It owns interests in the Palangana mine, Burke Hollow, Goliad, Longhorn, and Salvo projects located in Texas; Anderson, Workman Creek, and Los Cuatros projects situated in Arizona; Slick Rock project in Colorado; Diabase project located in Canada; and Yuty, Oviedo, and Alto Paraná titanium projects in Paraguay.
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