Stock Traders Purchase Large Volume of Uranium Energy Call Options (NYSEAMERICAN:UEC)
Uranium Energy Corp. (NYSEAMERICAN:UEC) experienced a significant surge in call options trading, with investors purchasing 78,263 call options, marking a 786% increase from the average daily volume. Analysts have given the stock a consensus rating of "Buy" with an average target price of $10.60. Institutional investors hold 62.28% of the company's stock. UEC's stock price rose to $6.43, with a market cap of $2.72 billion and a P/E ratio of -53.13. The company is involved in uranium and titanium exploration and processing across the U.S., Canada, and Paraguay.
Uranium Energy Corp. (NYSEAMERICAN:UEC - Get Free Report) was the recipient of unusually large options trading activity on Friday. Stock investors acquired 78,263 call options on the company. This represents an increase of approximately 786% compared to the typical volume of 8,835 call options.
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Wall Street Analyst Weigh In
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UEC has been the topic of several analyst reports. National Bank Financial assumed coverage on Uranium Energy in a research report on Wednesday, February 12th. They set an "outperform" rating and a $10.00 price target on the stock. Stifel Nicolaus set a $10.50 price objective on Uranium Energy in a research report on Wednesday, March 12th. Stifel Canada raised shares of Uranium Energy to a "strong-buy" rating in a research note on Tuesday, March 11th. HC Wainwright reissued a "buy" rating and set a $12.25 price objective on shares of Uranium Energy in a research note on Thursday, March 13th. Finally, National Bankshares set a $10.00 target price on Uranium Energy and gave the stock an "outperform" rating in a research note on Wednesday, February 12th. Four research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Uranium Energy has a consensus rating of "Buy" and an average target price of $10.60.
Check Out Our Latest Stock Report on Uranium Energy
Institutional Trading of Uranium Energy
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A number of hedge funds have recently modified their holdings of the business. Barclays PLC boosted its position in shares of Uranium Energy by 394.5% in the 3rd quarter. Barclays PLC now owns 697,045 shares of the basic materials company's stock worth $4,329,000 after purchasing an additional 556,081 shares in the last quarter. Ballentine Partners LLC raised its stake in Uranium Energy by 11.7% during the fourth quarter. Ballentine Partners LLC now owns 17,179 shares of the basic materials company's stock valued at $115,000 after buying an additional 1,795 shares during the last quarter. Nisa Investment Advisors LLC raised its stake in Uranium Energy by 50.5% during the fourth quarter. Nisa Investment Advisors LLC now owns 20,042 shares of the basic materials company's stock valued at $134,000 after buying an additional 6,723 shares during the last quarter. Advisory Alpha LLC bought a new stake in Uranium Energy in the fourth quarter worth $186,000. Finally, SG Americas Securities LLC boosted its holdings in Uranium Energy by 107.6% in the fourth quarter. SG Americas Securities LLC now owns 351,233 shares of the basic materials company's stock worth $2,350,000 after acquiring an additional 182,016 shares in the last quarter. Institutional investors own 62.28% of the company's stock.
Uranium Energy Price Performance
UEC stock traded up $1.27 during trading on Friday, reaching $6.43. The company had a trading volume of 30,507,779 shares, compared to its average volume of 8,090,759. Uranium Energy has a 52 week low of $3.85 and a 52 week high of $8.93. The business has a 50 day moving average of $5.07 and a 200 day moving average of $6.42. The company has a market cap of $2.72 billion, a P/E ratio of -53.13 and a beta of 1.88.
About Uranium Energy
(Get Free Report)- 3 uranium stocks to buy as the metal hits 16-year high
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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