Uranium Energy Corp. (NYSEAMERICAN:UEC – Get Free Report)’s share price fell 4.7% on Friday . The stock traded as low as $10.51 and last traded at $10.5050. 4,237,950 shares traded hands during trading, a decline of 56% from the average session volume of 9,716,578 shares. The stock had previously closed at $11.02.
Analyst Upgrades and Downgrades
UEC has been the topic of several recent research reports. Jefferies Financial Group began coverage on Uranium Energy in a research report on Thursday, September 3rd. They issued a “hold” rating and a $11.50 price objective on the stock. HC Wainwright reissued a “buy” rating on shares of Uranium Energy in a research note on Wednesday, August 26th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and set a $16.00 price target on shares of Uranium Energy in a research note on Tuesday, June 9th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $16.75.
Check Out Our Latest Stock Report on Uranium Energy
Uranium Energy Stock Down 5.2%
Institutional Investors Weigh In On Uranium Energy
Institutional investors have recently bought and sold shares of the stock. AQR Capital Management LLC boosted its holdings in shares of Uranium Energy by 56.6% in 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 last quarter. Caxton Associates LLP purchased a new stake in shares of Uranium Energy during the 1st quarter valued at $173,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of Uranium Energy by 44.9% during the 1st 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 holdings in shares of Uranium Energy by 114.0% during the 1st 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 raised its position in shares of Uranium Energy by 24.2% in the 2nd quarter. Cetera Investment Advisers now owns 80,807 shares of the basic materials company’s stock worth $549,000 after buying an additional 15,744 shares during the period. 62.28% of the stock is currently owned by hedge funds and other institutional investors.
Uranium Energy Company Profile
Uranium Energy Corp. (NYSE American: UEC) is a uranium mining and nuclear fuel company focused on the exploration, development and production of uranium in the United States and Canada. Its activities support the supply of uranium used to generate nuclear power.
The company’s U.S. portfolio includes in-situ recovery uranium projects and processing infrastructure in South Texas and Wyoming. Its South Texas operations include the Hobson Processing Facility and nearby well-field projects, while its Wyoming assets include the Irigaray Central Processing Plant and the Christensen Ranch project.
Read More
- Five stocks we like better than Uranium Energy
- Rocket Lab Tackles a Supply Chain Bottleneck as the Stock Hunts for a Bottom. Time to Buy?
- Optical Cable Corporation Is Starting to Get the Market’s Attention
- Oil Above $100 Is Creating a New Opportunity Beyond the Major Producers
- Is Nike’s Index Demotion a Warning or a Buying Opportunity?
Receive News & Ratings for Uranium Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Uranium Energy and related companies with MarketBeat.com's FREE daily email newsletter.
