Uranium Energy Corp. (NYSEAMERICAN:UEC)’s share price was up 8.7% during mid-day trading on Tuesday . The company traded as high as $1.40 and last traded at $1.38. Approximately 1,021,542 shares were traded during mid-day trading, a decline of 25% from the average daily volume of 1,367,421 shares. The stock had previously closed at $1.27.
Several equities research analysts have commented on UEC shares. HC Wainwright restated a “buy” rating and issued a $4.10 price target on shares of Uranium Energy in a research note on Friday, November 3rd. Cantor Fitzgerald lowered shares of Uranium Energy from a “buy” rating to a “sell” rating in a research note on Thursday, October 26th. Finally, Roth Capital started coverage on shares of Uranium Energy in a research note on Wednesday, October 25th. They issued a “buy” rating and a $3.00 price target on the stock. Two research analysts have rated the stock with a sell rating and three have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $2.83.
The firm has a market capitalization of $206.12, a P/E ratio of -11.46 and a beta of 1.72.
Large investors have recently modified their holdings of the stock. TIAA CREF Investment Management LLC acquired a new position in Uranium Energy in the 2nd quarter worth approximately $578,000. California State Teachers Retirement System acquired a new position in Uranium Energy in the 2nd quarter worth approximately $384,000. Bank of New York Mellon Corp boosted its stake in Uranium Energy by 221.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 396,904 shares of the basic materials company’s stock worth $632,000 after purchasing an additional 273,560 shares during the period. Vanguard Group Inc. boosted its stake in Uranium Energy by 12.2% in the 2nd quarter. Vanguard Group Inc. now owns 5,485,254 shares of the basic materials company’s stock worth $8,721,000 after purchasing an additional 596,975 shares during the period. Finally, Northern Trust Corp boosted its stake in Uranium Energy by 441.2% in the 2nd quarter. Northern Trust Corp now owns 1,517,722 shares of the basic materials company’s stock worth $2,413,000 after purchasing an additional 1,237,289 shares during the period.
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About Uranium Energy
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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