Uranium Energy (NYSEAMERICAN:UEC – Get Free Report) was downgraded by stock analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a report issued on Monday, Zacks reports.
UEC has been the topic of a number of other reports. The Goldman Sachs Group reissued a “buy” rating and issued a $16.00 price objective on shares of Uranium Energy in a report on Tuesday, June 9th. Jefferies Financial Group initiated coverage on shares of Uranium Energy in a research report on Thursday, September 3rd. They set a “hold” rating and a $11.50 price objective for the company. HC Wainwright restated 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 assumed 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. Finally, National Bank Financial decreased their target price 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. Five equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Uranium Energy currently has an average rating of “Moderate Buy” and an average target price of $16.75.
Read Our Latest Research Report on UEC
Uranium Energy Price Performance
Uranium Energy (NYSEAMERICAN:UEC – Get Free Report) last issued its quarterly earnings results on Tuesday, September 29th. The basic materials company reported ($0.12) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.08). The firm had revenue of $17.05 million during the quarter, compared to analyst estimates of $9.00 million. On average, analysts expect that Uranium Energy will post -0.08 EPS for the current year.
Institutional Trading of Uranium Energy
Institutional investors and hedge funds have recently bought and sold shares of the stock. BlackRock Inc. acquired a new stake in Uranium Energy during the 2nd quarter worth approximately $432,676,000. Van ECK Associates Corp raised its holdings in Uranium Energy by 21.8% in the second quarter. Van ECK Associates Corp now owns 29,034,465 shares of the basic materials company’s stock valued at $309,507,000 after acquiring an additional 5,191,738 shares in the last quarter. Alps Advisors Inc. raised its holdings in Uranium Energy by 16.3% in the fourth quarter. Alps Advisors Inc. now owns 17,462,284 shares of the basic materials company’s stock valued at $203,959,000 after acquiring an additional 2,453,744 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in Uranium Energy by 3.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 5,642,038 shares of the basic materials company’s stock worth $76,134,000 after acquiring an additional 170,510 shares in the last quarter. Finally, Wellington Management Group LLP lifted its position in shares of Uranium Energy by 62.2% during the 2nd quarter. Wellington Management Group LLP now owns 5,310,825 shares of the basic materials company’s stock worth $56,613,000 after purchasing an additional 2,035,586 shares during the last quarter. 62.28% of the stock is currently owned by hedge funds and other institutional investors.
Uranium Energy Company Profile
Uranium Energy Corp. is a uranium mining and exploration company headquartered in Corpus Christi, Texas. The company focuses on the acquisition, development and operation of uranium projects, with an emphasis on in-situ recovery (ISR), a mining method that extracts uranium from underground deposits without conventional open-pit or underground mining. Its operations and development portfolio are primarily located in the United States, including projects in Texas and Wyoming.
UEC’s U.S. assets include ISR projects, processing facilities and associated resource properties.
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