HC Wainwright set a $4.00 price target on Uranium Energy (NYSEAMERICAN:UEC) in a report published on Tuesday morning, TipRanks reports. The brokerage currently has a buy rating on the basic materials company’s stock.

Shares of Uranium Energy stock opened at $1.31 on Tuesday. Uranium Energy has a fifty-two week low of $1.12 and a fifty-two week high of $1.89.

Uranium Energy (NYSEAMERICAN:UEC) last issued its quarterly earnings results on Monday, June 10th. The basic materials company reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.01).

Several institutional investors and hedge funds have recently modified their holdings of the stock. BlackRock Inc. increased its holdings in Uranium Energy by 9.4% in the 4th quarter. BlackRock Inc. now owns 11,080,941 shares of the basic materials company’s stock valued at $13,852,000 after purchasing an additional 955,876 shares in the last quarter. Vanguard Group Inc. increased its holdings in Uranium Energy by 0.7% in the 3rd quarter. Vanguard Group Inc. now owns 6,530,374 shares of the basic materials company’s stock valued at $11,232,000 after purchasing an additional 43,154 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in Uranium Energy by 57.2% in the 1st quarter. JPMorgan Chase & Co. now owns 6,324,909 shares of the basic materials company’s stock valued at $8,856,000 after purchasing an additional 2,300,971 shares in the last quarter. Geode Capital Management LLC increased its holdings in Uranium Energy by 8.7% in the 1st quarter. Geode Capital Management LLC now owns 1,985,690 shares of the basic materials company’s stock valued at $2,779,000 after purchasing an additional 159,648 shares in the last quarter. Finally, Northern Trust Corp increased its holdings in Uranium Energy by 7.6% in the 4th quarter. Northern Trust Corp now owns 1,935,658 shares of the basic materials company’s stock valued at $2,419,000 after purchasing an additional 136,853 shares in the last quarter.

About Uranium Energy

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 ParanĂ¡ titanium projects in Paraguay.

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