Uranium Energy (NYSEAMERICAN:UEC) Hits New 1-Year High – Here’s What Happened

Uranium Energy Corp. (NYSEAMERICAN:UEC) reached a new 52-week high during mid-day trading on Monday . The company traded as high as $8.77 and last traded at $8.21, with a volume of 3254826 shares trading hands. The stock had previously closed at $8.46.

Wall Street Analyst Weigh In

UEC has been the topic of a number of recent research reports. Roth Mkm reiterated a “buy” rating and set a $10.25 price objective (up from $9.75) on shares of Uranium Energy in a research note on Wednesday, October 23rd. HC Wainwright reiterated a “buy” rating and set a $10.25 price objective on shares of Uranium Energy in a research note on Tuesday, September 24th.

Uranium Energy Stock Performance

The stock’s 50-day moving average is $6.44.

Uranium Energy (NYSEAMERICAN:UEC) last posted its quarterly earnings results on Thursday, September 26th. The basic materials company reported ($0.03) earnings per share (EPS) for the quarter. On average, analysts anticipate that Uranium Energy Corp. will post 0.09 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Uranium Energy news, EVP Scott Melbye bought 9,500 shares of Uranium Energy stock in a transaction that occurred on Friday, September 6th. The stock was purchased at an average price of $4.18 per share, with a total value of $39,710.00. Following the completion of the acquisition, the executive vice president now directly owns 988,031 shares in the company, valued at approximately $4,129,969.58. This trade represents a 0.97 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Amir Adnani bought 60,000 shares of Uranium Energy stock in a transaction that occurred on Friday, September 6th. The shares were acquired at an average cost of $4.10 per share, with a total value of $246,000.00. Following the acquisition, the chief executive officer now owns 4,242,326 shares of the company’s stock, valued at $17,393,536.60. The trade was a 1.43 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 2.40% of the company’s stock.

Institutional Trading of Uranium Energy

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new stake in Uranium Energy during the third quarter valued at $12,643,000. Van ECK Associates Corp raised its position in shares of Uranium Energy by 78.0% during the 3rd quarter. Van ECK Associates Corp now owns 4,956,971 shares of the basic materials company’s stock worth $30,783,000 after purchasing an additional 2,171,468 shares during the last quarter. Riggs Asset Managment Co. Inc. purchased a new position in Uranium Energy in the 3rd quarter valued at about $501,000. Riverwater Partners LLC acquired a new stake in Uranium Energy in the 3rd quarter worth about $2,341,000. Finally, Grimes & Company Inc. purchased a new stake in Uranium Energy during the 3rd quarter worth approximately $394,000. Institutional investors and hedge funds own 62.28% of the company’s stock.

About Uranium Energy

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.