Uranium Energy (NYSEAMERICAN:UEC) Shares Down 6.3% – What’s Next?

Shares of Uranium Energy Corp. (NYSEAMERICAN:UEC) traded down 6.3% during trading on Friday . The company traded as low as $12.35 and last traded at $12.4490. 1,951,566 shares were traded during trading, a decline of 82% from the average session volume of 10,568,539 shares. The stock had previously closed at $13.28.

Analyst Ratings Changes

UEC has been the topic of a number of research analyst reports. The Goldman Sachs Group reiterated a “buy” rating and set a $18.00 price target on shares of Uranium Energy in a report on Wednesday, February 4th. National Bank Financial lifted their target price on Uranium Energy from $15.50 to $16.50 and gave the company an “outperform” rating in a research note on Friday, December 19th. HC Wainwright upped their target price on Uranium Energy from $26.50 to $26.75 and gave the company a “buy” rating in a report on Wednesday, March 11th. Roth Mkm reissued a “buy” rating and issued a $16.00 price target on shares of Uranium Energy in a research report on Thursday, December 11th. Finally, Zacks Research raised shares of Uranium Energy from a “strong sell” rating to a “hold” rating in a research report on Monday, December 1st. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $17.53.

Uranium Energy Trading Down 8.9%

The business’s fifty day moving average price is $16.01 and its two-hundred day moving average price is $14.03. The firm has a market cap of $5.93 billion, a P/E ratio of -101.71 and a beta of 1.21.

Uranium Energy (NYSEAMERICAN:UEC) last posted its earnings results on Tuesday, March 10th. The basic materials company reported ($0.03) EPS for the quarter, hitting the consensus estimate of ($0.03). The business had revenue of $20.20 million for the quarter, compared to analyst estimates of $12.85 million. Research analysts predict that Uranium Energy Corp. will post 0.01 EPS for the current fiscal year.

Institutional Investors Weigh In On Uranium Energy

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Independent Wealth Network Inc. boosted its position in Uranium Energy by 2.0% during the fourth quarter. Independent Wealth Network Inc. now owns 30,514 shares of the basic materials company’s stock worth $356,000 after purchasing an additional 597 shares during the period. Clear Creek Financial Management LLC lifted its stake in shares of Uranium Energy by 2.3% in the fourth quarter. Clear Creek Financial Management LLC now owns 28,949 shares of the basic materials company’s stock worth $338,000 after buying an additional 655 shares during the last quarter. CoreCap Advisors LLC boosted its holdings in shares of Uranium Energy by 3.1% during the 3rd quarter. CoreCap Advisors LLC now owns 25,200 shares of the basic materials company’s stock worth $336,000 after buying an additional 750 shares during the period. U.S. Capital Wealth Advisors LLC grew its stake in Uranium Energy by 5.2% in the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 15,778 shares of the basic materials company’s stock valued at $184,000 after buying an additional 778 shares during the last quarter. Finally, Heritage Family Offices LLP raised its holdings in Uranium Energy by 5.2% in the 4th quarter. Heritage Family Offices LLP now owns 15,785 shares of the basic materials company’s stock worth $184,000 after acquiring an additional 785 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 the development and production of uranium through in-situ recovery (ISR) methods. The company’s core activities include operating ISR projects, advancing exploration properties, and engaging in joint ventures to secure uranium supply for nuclear power generation. Uranium Energy’s approach emphasizes environmentally conscious extraction techniques that minimize land disturbance and water usage compared with conventional mining.

The company’s primary producing asset is the Hobson ISR facility in South Texas, which commenced production to supply uranium concentrate to nuclear utilities.