Uranium Energy Corp. (UEC) Cut to Sell at ValuEngine

ValuEngine lowered shares of Uranium Energy Corp. (NYSEMKT:UEC) from a hold rating to a sell rating in a research report report published on Friday.

Separately, Zacks Investment Research upgraded shares of Uranium Energy Corp. from a hold rating to a buy rating and set a $1.50 price objective on the stock in a research note on Tuesday, September 5th.

Uranium Energy Corp. (NYSEMKT UEC) opened at 1.32 on Friday. The firm has a 50 day moving average of $1.41 and a 200-day moving average of $1.43. The firm’s market cap is $183.06 million. Uranium Energy Corp. has a one year low of $0.81 and a one year high of $1.92.

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Hedge funds have recently bought and sold shares of the business. Voya Investment Management LLC bought a new stake in Uranium Energy Corp. in the second quarter worth approximately $104,000. Nationwide Fund Advisors bought a new stake in Uranium Energy Corp. in the second quarter worth approximately $121,000. New York State Common Retirement Fund bought a new stake in Uranium Energy Corp. in the second quarter worth approximately $130,000. KCG Holdings Inc. grew its position in Uranium Energy Corp. by 949.2% in the first quarter. KCG Holdings Inc. now owns 116,422 shares of the basic materials company’s stock worth $165,000 after acquiring an additional 105,326 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its position in Uranium Energy Corp. by 4.6% in the first quarter. Bank of New York Mellon Corp now owns 123,344 shares of the basic materials company’s stock worth $174,000 after acquiring an additional 5,423 shares in the last quarter.

About Uranium Energy Corp.

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).

To view ValuEngine’s full report, visit ValuEngine’s official website.

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