Uranium Energy (NYSEAMERICAN:UEC) Stock Price Down 4.4% – Here’s What Happened

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

Analyst Ratings Changes

A number of equities analysts have recently commented on UEC shares. Stifel Nicolaus set a $10.50 price target on shares of Uranium Energy in a report on Wednesday, March 12th. National Bankshares set a $10.00 target price on Uranium Energy and gave the stock an “outperform” rating in a report on Wednesday, February 12th. National Bank Financial started coverage on Uranium Energy in a research note on Wednesday, February 12th. They issued an “outperform” rating and a $10.00 price target for the company. HC Wainwright reaffirmed a “buy” rating and issued a $12.25 price objective on shares of Uranium Energy in a research note on Thursday, March 13th. Finally, Stifel Canada raised shares of Uranium Energy to a “strong-buy” rating in a research report on Tuesday, March 11th. Four research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $10.60.

Uranium Energy Stock Down 3.2 %

The stock has a 50-day moving average of $6.36 and a 200 day moving average of $6.81. The company has a market capitalization of $2.16 billion, a PE ratio of -42.58 and a beta of 1.88.

Institutional Trading of Uranium Energy

Several hedge funds have recently added to or reduced their stakes in the stock. Harbour Investments Inc. lifted its stake in Uranium Energy by 947.4% in the fourth quarter. Harbour Investments Inc. now owns 3,886 shares of the basic materials company’s stock valued at $26,000 after purchasing an additional 3,515 shares during the last quarter. GAMMA Investing LLC raised its stake in Uranium Energy by 180.1% in the 4th quarter. GAMMA Investing LLC now owns 4,338 shares of the basic materials company’s stock valued at $29,000 after acquiring an additional 2,789 shares during the period. Generali Investments Management Co LLC purchased a new stake in Uranium Energy during the fourth quarter valued at about $30,000. BNP Paribas bought a new position in Uranium Energy during the third quarter worth about $38,000. Finally, National Bank of Canada FI increased its stake in shares of Uranium Energy by 29.7% in the third quarter. National Bank of Canada FI now owns 7,485 shares of the basic materials company’s stock worth $46,000 after purchasing an additional 1,713 shares in the last quarter. Institutional investors 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.