Uranium Energy Corp. (UEC) Shares Down 2.8%

Shares of Uranium Energy Corp. (NYSEAMERICAN:UEC) were down 2.8% during trading on Tuesday . The stock traded as low as $1.28 and last traded at $1.38. Approximately 1,794,800 shares traded hands during mid-day trading, an increase of 14% from the average daily volume of 1,568,380 shares. The stock had previously closed at $1.42.

A number of equities research analysts recently commented on the stock. Zacks Investment Research raised shares of Uranium Energy Corp. from a “hold” rating to a “buy” rating and set a $1.50 target price for the company in a research report on Wednesday, August 16th. HC Wainwright reiterated a “buy” rating on shares of Uranium Energy Corp. in a report on Tuesday, September 12th. ValuEngine downgraded shares of Uranium Energy Corp. from a “hold” rating to a “sell” rating in a research report on Friday, September 8th. Cantor Fitzgerald downgraded shares of Uranium Energy Corp. 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 Corp. in a research report on Wednesday, October 25th. They set a “buy” rating and a $3.00 price objective for the company. Two research analysts have rated the stock with a sell rating and three have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $2.87.

Hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. grew its stake in shares of Uranium Energy Corp. by 23.6% during the 1st quarter. Vanguard Group Inc. now owns 4,888,279 shares of the basic materials company’s stock worth $6,942,000 after purchasing an additional 934,513 shares during the period. Geode Capital Management LLC increased its position in shares of Uranium Energy Corp. by 79.4% during 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 purchasing an additional 392,410 shares during the period. 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 valued at $165,000 after acquiring an additional 105,326 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of Uranium Energy Corp. 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 period. Finally, Goldman Sachs Group Inc. lifted its stake in shares of Uranium Energy Corp. by 1,402.1% during the first quarter. Goldman Sachs Group Inc. now owns 552,567 shares of the basic materials company’s stock valued at $785,000 after acquiring an additional 515,780 shares during the period.

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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).

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