Analyst Rating Update on Uranium Energy (UEC)

Uranium Energy (NYSEMKT:UEC) : 5 brokerage houses believe that Uranium Energy (NYSEMKT:UEC) is a Strong Buy at current levels. Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 5 Wall Street Analysts endorse the stock as a Strong Buy with a rating of 1.

Uranium Energy (NYSEMKT:UEC) stock is expected to deviate a maximum of $1.01 from the average target price of $2.98 for the short term period. 4 Street Experts have initiated coverage on the stock with the most promising target being $4 and the most muted being $2.

For the current week, the company shares have a recommendation consensus of Buy.

Uranium Energy (NYSEMKT:UEC): On Tuesdays trading session , Opening price of the stock was $0.87 with an intraday high of $0.8791. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $0.81. However, the stock managed to close at $0.82, a loss of 3.53% for the day. On the previous day, the stock had closed at $0.85. The total traded volume of the day was 917,894 shares.

In an insider trading activity, Melbye Scott, officer (Executive Vice President) of Uranium Energy Corp, had purchased 10,000 shares on March 11, 2016. The total value of the transaction was $7,800. The information was disclosed with the SEC in a Form 4 Filing. The information is based on open market trades at the market prices.Option exercises are not covered.

Uranium Energy Corp., formerly Carlin Gold Inc., is engaged in uranium mining and related activities, including exploration, pre-extraction, extraction and processing of uranium concentrates, on projects located in the United States and Paraguay. The Company utilizes in-situ recovery (ISR) mining. The Company has uranium mine located in the state of Texas, the Palangana Mine, which utilizes ISR mining and extracts uranium oxide (U3O8). The Company has uranium processing facility or mill located in the state of Texas, the Hobson Processing Facility, which processes material from the Palangana Mine into drums of U3O8. The Companys projects include Burke Hollow Project, Goliad Project, Longhorn Project, Salvo Project, Nichols Project, Anderson Project, Workman Creek Project, Los Cuatros Project, Slick Rock Project, Yuty Project and Coronel Oviedo Project.

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