Uranium Energy (NYSEAMERICAN:UEC) was downgraded by Zacks Investment Research from a “hold” rating to a “strong sell” rating in a research report issued on Friday, February 16th.
According to Zacks, “Uranium Energy Corp is a US-based junior resource company with the objective of becoming a near-term ISR uranium producer in the United States. The Company controls one of the largest historical uranium exploration and development databases in the US. Through the use of these databases, the Company has acquired advanced uranium properties throughout the southwestern US. The operational management is comprised of pre-eminent uranium mining and exploration professionals, whose collective experience in the uranium mining industry gives the Company ongoing uranium mine-finding and uranium mine development expertise. Uranium Energy Corp is well positioned to capitalize on the current alternative energy boom. “
Other analysts have also issued research reports about the company. HC Wainwright set a $4.00 price target on Uranium Energy and gave the stock a “buy” rating in a research note on Tuesday, November 28th. Roth Capital assumed coverage on Uranium Energy in a research note on Wednesday, October 25th. They issued a “buy” rating and a $3.00 price target for the company. Finally, Cantor Fitzgerald downgraded Uranium Energy from a “buy” rating to a “sell” rating in a report on Thursday, October 26th. Three equities research analysts have rated the stock with a sell rating and two have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $2.83.
Shares of Uranium Energy (NYSEAMERICAN UEC) traded up $0.02 during mid-day trading on Friday, reaching $1.36. The company had a trading volume of 1,003,759 shares, compared to its average volume of 1,117,835. Uranium Energy has a 12 month low of $0.96 and a 12 month high of $2.00. The stock has a market capitalization of $231.86, a price-to-earnings ratio of -10.46 and a beta of 1.82.
Uranium Energy (NYSEAMERICAN:UEC) last announced its quarterly earnings results on Monday, December 11th. The basic materials company reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.01).
Institutional investors and hedge funds have recently bought and sold shares of the business. Voya Investment Management LLC bought a new position in Uranium Energy in the second quarter worth $104,000. Nationwide Fund Advisors bought a new position in Uranium Energy in the second quarter worth $121,000. MetLife Investment Advisors LLC bought a new position in Uranium Energy in the fourth quarter worth $126,000. New York State Common Retirement Fund bought a new position in Uranium Energy in the second quarter worth $130,000. Finally, Quad Capital Management Advisors LLC bought a new position in Uranium Energy in the fourth quarter worth $147,000.
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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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