From MarketBeat:

Eight Capital, a research firm, raised the price objective for Uranium Energy stock from $7.00 to $13.00, with a “buy” rating, indicating a potential upside of 67.31% from the current price. Other analysts also increased their price targets, with MarketBeat.com reporting a consensus rating of “Moderate Buy” and an average price target of $8.50.

Uranium Energy’s stock price rose 12.1% to $7.77 on Monday, trading 29,244,900 shares. The 52-week low is $2.30, and the high is $7.83. The company’s market cap is $3.05 billion, with a price-to-earnings ratio of 777.78 and a beta of 1.84.

Uranium Energy last announced its earnings results, reporting a net margin of 3.52% and a return on equity of 0.18%. The company had revenue of $0.11 million during the quarter, below analyst expectations of $13.00 million, predicting a 0.04 earnings per share for the current fiscal year.

CFO Pat Obara sold 37,755 shares of Uranium Energy stock at $6.05, totalling $228,417.75, while company insiders own 2.90% of stock. Institutional investors also weighed in, with 49.03% of the stock owned by hedge funds including MMCAP International Inc. SPC, FMR LLC, Vanguard Group Inc., and JPMorgan Chase & Co.

As of now, Uranium Energy Corp. has exploration projects in the United States, Canada, and Paraguay. It owns interests in multiple projects in Texas, Arizona, New Mexico, Canada, and Paraguay, concentrating on uranium and titanium concentrate extraction and processing.



Read more: Uranium Energy (NYSEAMERICAN:UEC) PT Raised to $13.00 at Eight Capital