Uranium Energy Corp. (NYSEAMERICAN:UEC) traded up 8.1% on Monday . The stock traded as high as $1.75 and last traded at $1.74. 2,467,467 shares were traded during trading, an increase of 56% from the average session volume of 1,577,616 shares. The stock had previously closed at $1.61.
Several equities research analysts recently weighed in on the stock. Zacks Investment Research raised shares of Uranium Energy from a “hold” rating to a “buy” rating and set a $1.50 price objective for the company in a research report on Wednesday, August 16th. HC Wainwright reissued a “buy” rating on shares of Uranium Energy in a research note on Tuesday, September 12th. ValuEngine downgraded Uranium Energy from a “hold” rating to a “sell” rating in a research note on Friday, September 8th. Cantor Fitzgerald downgraded Uranium Energy from a “buy” rating to a “sell” rating in a research note on Thursday, October 26th. Finally, Roth Capital initiated coverage on Uranium Energy in a research note on Wednesday, October 25th. They set a “buy” rating and a $3.00 target price for the company. Two equities research analysts have rated the stock with a sell rating and three have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $2.83.
A number of hedge funds and other institutional investors have recently modified their holdings of UEC. State Street Corp raised its stake in Uranium Energy by 3,975.8% during the second quarter. State Street Corp now owns 1,774,011 shares of the basic materials company’s stock worth $2,818,000 after acquiring an additional 1,730,485 shares in the last quarter. Northern Trust Corp increased its stake in shares of Uranium Energy by 441.2% in the second quarter. Northern Trust Corp now owns 1,517,722 shares of the basic materials company’s stock valued at $2,413,000 after buying an additional 1,237,289 shares during the period. Vanguard Group Inc. increased its stake in shares of Uranium Energy by 23.6% in the first quarter. Vanguard Group Inc. now owns 4,888,279 shares of the basic materials company’s stock valued at $6,942,000 after buying an additional 934,513 shares during the period. Goldman Sachs Group Inc. increased its stake in shares of Uranium Energy by 1,402.1% in the first quarter. Goldman Sachs Group Inc. now owns 552,567 shares of the basic materials company’s stock valued at $785,000 after buying an additional 515,780 shares during the period. Finally, Geode Capital Management LLC increased its stake in shares of Uranium Energy by 79.4% in the first quarter. Geode Capital Management LLC now owns 886,863 shares of the basic materials company’s stock valued at $1,259,000 after buying an additional 392,410 shares during the period.
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Uranium Energy Company Profile
Uranium Energy Corp. is engaged in uranium mining and related activities, including exploration, pre-extraction, extraction and processing of uranium concentrates, on projects located in the United States and Paraguay. The Company utilizes in-situ recovery (ISR) mining. The Company has uranium mine located in the state of Texas, the Palangana Mine, which utilizes ISR mining and extracts uranium oxide (U3O8).
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