Uranium Energy Corp. (NYSEAMERICAN:UEC) shares were down 5.8% during trading on Tuesday . The stock traded as low as $1.77 and last traded at $1.80. Approximately 1,463,687 shares traded hands during trading, an increase of 4% from the average daily volume of 1,403,500 shares. The stock had previously closed at $1.91.
Several research analysts have commented on UEC shares. HC Wainwright restated a “buy” rating on shares of Uranium Energy in a research report on Tuesday, September 12th. Cantor Fitzgerald downgraded shares of Uranium Energy from a “buy” rating to a “sell” rating in a research report on Thursday, October 26th. Finally, Roth Capital started coverage on shares of Uranium Energy in a research report on Wednesday, October 25th. They set a “buy” rating and a $3.00 price objective for the company. Two equities research analysts have rated the stock with a sell rating and three have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $2.83.
The stock has a market cap of $309.18, a price-to-earnings ratio of -13.85 and a beta of 1.74.
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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