Uranium Energy (UEC) Shares Down 5.6%

Shares of Uranium Energy (NYSEAMERICAN:UEC) were down 5.6% during mid-day trading on Tuesday . The company traded as low as $1.51 and last traded at $1.53. Approximately 932,952 shares traded hands during mid-day trading, a decline of 12% from the average daily volume of 1,062,539 shares. The stock had previously closed at $1.62.

A number of analysts have recently weighed in on UEC shares. HC Wainwright cut their price objective on Uranium Energy from $4.10 to $3.60 and set a “buy” rating on the stock in a research report on Thursday, April 26th. Zacks Investment Research raised Uranium Energy from a “sell” rating to a “hold” rating in a research report on Tuesday, May 1st. Two analysts have rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the company’s stock. Uranium Energy presently has an average rating of “Hold” and an average target price of $2.70.

Uranium Energy (NYSEAMERICAN:UEC) last issued its earnings results on Monday, March 12th. The basic materials company reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.01).

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. MetLife Investment Advisors LLC purchased a new stake in shares of Uranium Energy in the fourth quarter valued at about $126,000. Quad Capital Management Advisors LLC purchased a new stake in shares of Uranium Energy in the fourth quarter valued at about $147,000. Wells Fargo & Company MN raised its holdings in shares of Uranium Energy by 230.6% in the fourth quarter. Wells Fargo & Company MN now owns 87,304 shares of the basic materials company’s stock valued at $155,000 after buying an additional 60,893 shares during the last quarter. Deutsche Bank AG raised its holdings in shares of Uranium Energy by 122.5% in the fourth quarter. Deutsche Bank AG now owns 300,955 shares of the basic materials company’s stock valued at $532,000 after buying an additional 165,723 shares during the last quarter. Finally, Citigroup Inc. raised its holdings in shares of Uranium Energy by 83.9% in the first quarter. Citigroup Inc. now owns 445,890 shares of the basic materials company’s stock valued at $560,000 after buying an additional 203,397 shares during the last quarter.

Uranium Energy Company Profile

Uranium Energy Corp. operates as a uranium mining and exploration company. Its projects in South Texas include the Palangana ISR mine, the permitted Goliad ISR project, and the development-stage Burke Hollow ISR project; and project in Wyoming comprise the permitted Reno Creek ISR project. The company also controls a pipeline of advanced-stage uranium projects in Arizona, Colorado, New Mexico, and Paraguay, as well as a high-grade titanium project in Paraguay.

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