Uranium Energy Corp. (NYSEAMERICAN:UEC - Get Free Report) hit a new 52-week high on Thursday . The stock traded as high as $8.36 and last traded at $8.35, with a volume of 1718120 shares changing hands. The stock had previously closed at $7.96.
A number of equities analysts recently commented on UEC shares. Roth Mkm lifted their price target on Uranium Energy from $9.00 to $9.50 and gave the stock a "buy" rating in a report on Wednesday, September 25th. HC Wainwright reiterated a "buy" rating and set a $10.25 price target on shares of Uranium Energy in a report on Tuesday, September 24th.
Check Out Our Latest Stock Report on UEC
The firm has a fifty day simple moving average of $6.36. The firm has a market capitalization of $3.43 billion, a P/E ratio of -139.64 and a beta of 1.84.
Uranium Energy (NYSEAMERICAN:UEC - Get Free Report) last announced its quarterly earnings results on Thursday, September 26th. The basic materials company reported ($0.03) earnings per share (EPS) for the quarter. Uranium Energy had a negative net margin of 8.20% and a negative return on equity of 4.98%. Equities research analysts forecast that Uranium Energy Corp. will post 0.09 EPS for the current fiscal year.
In related news, CEO Amir Adnani bought 60,000 shares of the stock in a transaction that occurred on Friday, September 6th. The stock was acquired at an average cost of $4.10 per share, with a total value of $246,000.00. Following the transaction, the chief executive officer now directly owns 4,242,326 shares in the company, valued at approximately $17,393,536.60. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Uranium Energy news, EVP Scott Melbye bought 9,500 shares of the stock in a transaction on Friday, September 6th. The stock was acquired at an average cost of $4.18 per share, for a total transaction of $39,710.00. Following the completion of the acquisition, the executive vice president now owns 988,031 shares in the company, valued at $4,129,969.58. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Amir Adnani purchased 60,000 shares of the business's stock in a transaction on Friday, September 6th. The shares were acquired at an average price of $4.10 per share, for a total transaction of $246,000.00. Following the completion of the acquisition, the chief executive officer now directly owns 4,242,326 shares in the company, valued at approximately $17,393,536.60. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders own 2.40% of the company's stock.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Strategic Investment Solutions Inc. IL bought a new stake in Uranium Energy in the 2nd quarter valued at about $26,000. EntryPoint Capital LLC boosted its stake in Uranium Energy by 897.7% during the 1st quarter. EntryPoint Capital LLC now owns 4,340 shares of the basic materials company's stock valued at $29,000 after purchasing an additional 3,905 shares during the last quarter. EP Wealth Advisors LLC acquired a new position in Uranium Energy during the 4th quarter valued at about $64,000. Kingswood Wealth Advisors LLC acquired a new position in Uranium Energy during the 1st quarter valued at about $68,000. Finally, Blackhawk Capital Partners LLC. acquired a new position in Uranium Energy during the 2nd quarter valued at about $69,000. Institutional investors own 62.28% of the company's stock.
Uranium Energy Corp., together with its subsidiaries, 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, Goliad, Burke Hollow, Longhorn, and Salvo projects located in Texas; Anderson, Workman Creek, and Los Cuatros projects situated in Arizona; Dalton Pass and C de Baca project located in New Mexico; Roughrider, Shea Creek, Christie Lake, Horseshoe-Raven, Hidden Bay, Diabase, West Bear, JCU, and other project located in Canada; and Yuty, Oviedo, and Alto Paraná titanium projects in Paraguay.
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