Uranium Energy (NYSEAMERICAN:UEC) Trading Down 4.4% – What’s Next?

Uranium Energy Corp. (NYSEAMERICAN:UEC) traded down 4.4% on Tuesday . The company traded as low as $5.28 and last traded at $5.29. 1,730,620 shares traded hands during trading, a decline of 77% from the average session volume of 7,442,471 shares. The stock had previously closed at $5.53.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on UEC shares. Stifel Canada upgraded Uranium Energy to a “strong-buy” rating in a research note on Tuesday, March 11th. National Bank Financial initiated coverage on shares of Uranium Energy in a research report on Wednesday, February 12th. They issued an “outperform” rating and a $10.00 target price for the company. HC Wainwright restated a “buy” rating and issued a $12.25 price target on shares of Uranium Energy in a research note on Thursday, March 13th. Stifel Nicolaus set a $10.50 price objective on shares of Uranium Energy in a report on Wednesday, March 12th. Finally, National Bankshares set a $10.00 target price on shares of Uranium Energy and gave the stock an “outperform” rating in a report on Wednesday, February 12th. Four analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, Uranium Energy currently has an average rating of “Buy” and an average target price of $10.60.

Uranium Energy Trading Down 3.2 %

The company’s 50-day moving average is $6.36 and its 200-day moving average is $6.81. The firm has a market cap of $2.16 billion, a price-to-earnings ratio of -42.58 and a beta of 1.88.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Intech Investment Management LLC acquired a new position in shares of Uranium Energy during the third quarter worth $600,000. Charles Schwab Investment Management Inc. grew its position in Uranium Energy by 2.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,320,496 shares of the basic materials company’s stock worth $20,620,000 after acquiring an additional 90,098 shares during the last quarter. The Manufacturers Life Insurance Company increased its holdings in Uranium Energy by 712.5% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 1,821,256 shares of the basic materials company’s stock worth $11,310,000 after purchasing an additional 1,597,108 shares in the last quarter. Freedom Investment Management Inc. raised its position in Uranium Energy by 18.3% in the third quarter. Freedom Investment Management Inc. now owns 106,194 shares of the basic materials company’s stock valued at $659,000 after purchasing an additional 16,409 shares during the last quarter. Finally, BNP Paribas acquired a new stake in shares of Uranium Energy during the third quarter valued at about $38,000. Institutional investors and hedge funds own 62.28% of the company’s stock.

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.