Uranium Energy (UEC) Shares Down 5.8%

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.

Several institutional investors have recently modified their holdings of UEC. State Street Corp boosted its position 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 valued at $2,818,000 after acquiring an additional 1,730,485 shares during the last quarter. Northern Trust Corp boosted its position in Uranium Energy by 441.2% during 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 acquiring an additional 1,237,289 shares during the last quarter. Vanguard Group Inc. boosted its position in Uranium Energy by 12.2% during the second quarter. Vanguard Group Inc. now owns 5,485,254 shares of the basic materials company’s stock valued at $8,721,000 after acquiring an additional 596,975 shares during the last quarter. TIAA CREF Investment Management LLC bought a new stake in Uranium Energy during the second quarter valued at $578,000. Finally, Bank of New York Mellon Corp boosted its position in Uranium Energy by 221.8% during the second quarter. Bank of New York Mellon Corp now owns 396,904 shares of the basic materials company’s stock valued at $632,000 after acquiring an additional 273,560 shares during the last quarter.

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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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