Uranium Energy Corp. (NYSEAMERICAN:UEC – Get Free Report) reached a new 52-week low during mid-day trading on Friday. The company traded as low as $7.25 and last traded at $7.2370, with a volume of 907,961 shares trading hands. The stock had previously closed at $7.48.
Wall Street Analysts Forecast Growth
Several research analysts have recently commented on UEC shares. National Bank Financial dropped their price target on shares of Uranium Energy from $16.00 to $15.00 and set an “outperform” rating on the stock in a research note on Monday, October 5th. HC Wainwright reiterated a “buy” rating and issued a $26.75 price objective on shares of Uranium Energy in a report on Wednesday, September 30th. Royal Bank Of Canada initiated coverage on shares of Uranium Energy in a report on Friday, October 2nd. They issued a “sector perform” rating and a $10.00 price objective for the company. Zacks Research downgraded shares of Uranium Energy from a “hold” rating to a “strong sell” rating in a research report on Monday, October 5th. Finally, Jefferies Financial Group began coverage on Uranium Energy in a report on Thursday, September 3rd. They set a “hold” rating and a $11.50 target price on the stock. Five research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Uranium Energy has an average rating of “Moderate Buy” and an average price target of $16.75.
Get Our Latest Stock Report on UEC
Uranium Energy Stock Performance
The stock has a 50 day moving average of $10.29 and a two-hundred day moving average of $11.56. The firm has a market capitalization of $3.64 billion, a P/E ratio of -26.20 and a beta of 1.38.
Uranium Energy (NYSEAMERICAN:UEC – Get Free Report) last announced its earnings results on Tuesday, September 29th. The basic materials company reported ($0.12) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.08). The business had revenue of $17.05 million during the quarter, compared to analysts’ expectations of $9.00 million. Sell-side analysts predict that Uranium Energy Corp. will post -0.08 EPS for the current year.
Institutional Trading of Uranium Energy
Institutional investors and hedge funds have recently modified their holdings of the company. Sterling Capital Management LLC boosted its holdings in shares of Uranium Energy by 839.5% during the 3rd quarter. Sterling Capital Management LLC now owns 16,328 shares of the basic materials company’s stock worth $154,000 after buying an additional 14,590 shares during the period. SBI Securities Co. Ltd. grew its stake in Uranium Energy by 12.9% in the 3rd quarter. SBI Securities Co. Ltd. now owns 16,477 shares of the basic materials company’s stock valued at $156,000 after buying an additional 1,878 shares during the last quarter. Pinnacle Associates Ltd. raised its holdings in Uranium Energy by 10.7% in the 3rd quarter. Pinnacle Associates Ltd. now owns 1,788,882 shares of the basic materials company’s stock worth $16,905,000 after acquiring an additional 172,851 shares during the period. Abel Hall LLC bought a new position in Uranium Energy in the 3rd quarter worth $256,000. Finally, Vontobel Holding Ltd. raised its holdings in Uranium Energy by 13.6% in the 3rd quarter. Vontobel Holding Ltd. now owns 36,301 shares of the basic materials company’s stock worth $342,000 after acquiring an additional 4,343 shares during the period. 62.28% of the stock is currently owned by institutional investors and hedge funds.
About Uranium Energy
Uranium Energy Corp. is a uranium mining and exploration company focused on developing and producing uranium in the United States. The company uses in-situ recovery (ISR) technology, which extracts uranium from underground deposits by circulating a solution through the orebody and processing the recovered materials into uranium concentrate, commonly known as yellowcake.
Uranium Energy’s U.S. assets include projects and processing infrastructure in South Texas and Wyoming. Its South Texas operations include the Hobson processing plant and nearby ISR projects, while its Wyoming portfolio includes the Christensen Ranch and other properties in the Powder River Basin.
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