Uranium Energy (NYSEAMERICAN:UEC) Shares Down 9.6%

Uranium Energy Corp. (NYSEAMERICAN:UEC)’s share price traded down 9.6% during mid-day trading on Tuesday . The company traded as low as $4.72 and last traded at $4.73. 3,952,165 shares were traded during mid-day trading, a decline of 45% from the average session volume of 7,142,505 shares. The stock had previously closed at $5.23.

Analysts Set New Price Targets

UEC has been the topic of a number of recent research reports. Roth Mkm restated a “buy” rating and set a $9.00 price objective on shares of Uranium Energy in a research note on Wednesday, August 14th. HC Wainwright reiterated a “buy” rating and set a $10.25 price objective on shares of Uranium Energy in a research note on Wednesday, August 14th. One analyst has rated the stock with a sell rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Uranium Energy currently has an average rating of “Moderate Buy” and an average price target of $9.35.

Uranium Energy Price Performance

The company has a market cap of $1.93 billion, a price-to-earnings ratio of -162.67 and a beta of 1.84. The company has a fifty day moving average of $6.60.

Uranium Energy (NYSEAMERICAN:UEC) last announced its quarterly earnings results on Friday, June 7th. The basic materials company reported ($0.05) EPS for the quarter, missing the consensus estimate of $0.01 by ($0.06). Uranium Energy had a negative net margin of 8.20% and a negative return on equity of 3.05%. On average, equities analysts forecast that Uranium Energy Corp. will post 0.01 earnings per share for the current fiscal year.

Institutional Trading of Uranium Energy

Institutional investors and hedge funds have recently modified their holdings of the company. CWM LLC boosted its stake in Uranium Energy by 22.2% in the 4th quarter. CWM LLC now owns 9,784 shares of the basic materials company’s stock valued at $63,000 after buying an additional 1,776 shares in the last quarter. American International Group Inc. boosted its stake in Uranium Energy by 1.0% in the first quarter. American International Group Inc. now owns 189,900 shares of the basic materials company’s stock worth $1,282,000 after purchasing an additional 1,844 shares in the last quarter. Choreo LLC grew its holdings in shares of Uranium Energy by 11.0% during the second quarter. Choreo LLC now owns 24,505 shares of the basic materials company’s stock worth $141,000 after purchasing an additional 2,420 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in shares of Uranium Energy by 7.2% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 38,436 shares of the basic materials company’s stock valued at $231,000 after buying an additional 2,585 shares in the last quarter. Finally, Parallel Advisors LLC raised its holdings in shares of Uranium Energy by 39.7% in the fourth quarter. Parallel Advisors LLC now owns 10,293 shares of the basic materials company’s stock valued at $66,000 after buying an additional 2,923 shares during the last quarter. 62.28% of the stock is currently owned by institutional investors.

Uranium Energy Company Profile

Uranium Energy Corp., together with its subsidiaries, engages in exploration, pre-extraction, extraction, and processing uranium and titanium concentrates in the United States, Canada, and Paraguay. It owns interests in the Palangana mine, Goliad, Burke Hollow, Longhorn, and Salvo projects located in Texas; Anderson, Workman Creek, and Los Cuatros projects situated in Arizona; Dalton Pass and C de Baca project located in New Mexico; Roughrider, Shea Creek, Christie Lake, Horseshoe-Raven, Hidden Bay, Diabase, West Bear, JCU, and other project located in Canada; and Yuty, Oviedo, and Alto Paraná titanium projects in Paraguay.