Uranium Energy (NYSEAMERICAN:UEC) Stock Rating Cut to “Strong Sell” at Zacks Research

Zacks Research cut shares of Uranium Energy (NYSEAMERICAN:UEC) from a hold rating to a strong sell rating in a research note issued to investors on Monday,Zacks reports.

Several other analysts also recently weighed in on UEC. Jefferies Financial Group initiated coverage on Uranium Energy in a research note on Thursday, September 3rd. They set a “hold” rating and a $11.50 target price on the stock. Royal Bank Of Canada initiated coverage on Uranium Energy in a research note on Friday, October 2nd. They issued a “sector perform” rating and a $10.00 price target for the company. HC Wainwright reissued a “buy” rating and set a $26.75 target price on shares of Uranium Energy in a research note on Wednesday, September 30th. National Bank Financial lowered their price objective 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. Finally, The Goldman Sachs Group reiterated a “buy” rating and set a $16.00 price target on shares of Uranium Energy in a report on Tuesday, June 9th. Five investment 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.com, Uranium Energy currently has an average rating of “Moderate Buy” and a consensus target price of $16.75.

Uranium Energy Stock Up 8.1%

UEC opened at $10.11 on Monday. The firm has a market cap of $5.01 billion, a price-to-earnings ratio of -36.11 and a beta of 1.38. Uranium Energy has a fifty-two week low of $8.90 and a fifty-two week high of $20.34. The company’s 50-day moving average price is $10.83 and its 200 day moving average price is $11.96.

Uranium Energy (NYSEAMERICAN:UEC) last released its quarterly earnings data on Tuesday, September 29th. The basic materials company reported ($0.12) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.08). The company had revenue of $17.05 million during the quarter, compared to analyst estimates of $9.00 million. Research analysts anticipate that Uranium Energy will post -0.08 earnings per share for the current year.

Institutional Trading of Uranium Energy

A number of institutional investors have recently bought and sold shares of UEC. PenderFund Capital Management Ltd. acquired a new position in Uranium Energy during the second quarter valued at approximately $35,000. Caitong International Asset Management Co. Ltd acquired a new stake in Uranium Energy in the fourth quarter valued at $39,000. Longview Financial Advisors Inc. bought a new position in shares of Uranium Energy during the 1st quarter worth approximately $52,000. EFG International AG bought a new stake in shares of Uranium Energy during the second quarter worth approximately $43,000. Finally, Western Wealth Management LLC bought a new position in Uranium Energy during the 1st quarter worth $60,000. Institutional investors and hedge funds own 62.28% of the company’s stock.

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.