Uranium Energy (NYSEAMERICAN:UEC) Stock Price Down 9.6% – What’s Next?

Uranium Energy Corp. (NYSEAMERICAN:UECGet Free Report) dropped 9.6% during mid-day trading on Wednesday . The stock traded as low as $13.94 and last traded at $13.96. Approximately 4,840,976 shares traded hands during trading, a decline of 51% from the average daily volume of 9,878,308 shares. The stock had previously closed at $15.44.

Analyst Upgrades and Downgrades

UEC has been the subject of a number of research reports. TD Securities decreased their target price on Uranium Energy from $22.00 to $21.00 and set a “buy” rating for the company in a report on Wednesday, March 11th. HC Wainwright reiterated a “buy” rating and set a $26.75 target price on shares of Uranium Energy in a report on Wednesday, May 20th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $18.00 price target on shares of Uranium Energy in a research report on Wednesday, February 4th. Finally, Roth Mkm set a $17.00 price target on shares of Uranium Energy in a research report on Wednesday, March 11th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $17.66.

Check Out Our Latest Report on UEC

Uranium Energy Stock Performance

The company has a market capitalization of $6.90 billion, a PE ratio of -117.33 and a beta of 1.12. The company has a 50 day moving average price of $13.96 and a 200 day moving average price of $14.25.

Uranium Energy (NYSEAMERICAN:UECGet Free Report) last announced its quarterly earnings data on Tuesday, March 10th. The basic materials company reported ($0.03) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.03). The firm had revenue of $20.20 million for the quarter, compared to the consensus estimate of $12.85 million. On average, equities analysts forecast that Uranium Energy Corp. will post -0.12 earnings per share for the current fiscal year.

Institutional Trading of Uranium Energy

Several institutional investors and hedge funds have recently bought and sold shares of the stock. AQR Capital Management LLC raised its stake in Uranium Energy by 56.6% during the 1st quarter. AQR Capital Management LLC now owns 222,582 shares of the basic materials company’s stock valued at $1,064,000 after purchasing an additional 80,464 shares during the period. Caxton Associates LLP acquired a new position in Uranium Energy in the first quarter worth approximately $173,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Uranium Energy by 44.9% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,367,597 shares of the basic materials company’s stock worth $6,537,000 after buying an additional 423,994 shares during the last quarter. Focus Partners Wealth increased its position in Uranium Energy by 114.0% during the first quarter. Focus Partners Wealth now owns 36,427 shares of the basic materials company’s stock worth $174,000 after buying an additional 19,407 shares during the last quarter. Finally, Cetera Investment Advisers grew its position in shares of Uranium Energy by 24.2% in the second quarter. Cetera Investment Advisers now owns 80,807 shares of the basic materials company’s stock valued at $549,000 after purchasing an additional 15,744 shares during the last quarter. Institutional investors and hedge funds own 62.28% of the company’s stock.

About Uranium Energy

(Get Free Report)

Uranium Energy Corp. is a uranium mining and exploration company focused on the development and production of uranium through in-situ recovery (ISR) methods. The company’s core activities include operating ISR projects, advancing exploration properties, and engaging in joint ventures to secure uranium supply for nuclear power generation. Uranium Energy’s approach emphasizes environmentally conscious extraction techniques that minimize land disturbance and water usage compared with conventional mining.

The company’s primary producing asset is the Hobson ISR facility in South Texas, which commenced production to supply uranium concentrate to nuclear utilities.

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