Uranium Energy (NYSEAMERICAN:UEC) Stock Price Down 12.9% – Time to Sell?

Uranium Energy Corp. (NYSEAMERICAN:UEC) shares fell 12.9% during mid-day trading on Thursday . The stock traded as low as $17.62 and last traded at $17.5480. 7,415,550 shares traded hands during mid-day trading, a decline of 36% from the average session volume of 11,596,351 shares. The stock had previously closed at $20.14.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on UEC shares. Roth Mkm reaffirmed a “buy” rating and issued a $16.00 price objective on shares of Uranium Energy in a report on Thursday, December 11th. Zacks Research raised shares of Uranium Energy from a “strong sell” rating to a “hold” rating in a report on Monday, December 1st. National Bankshares boosted their target price on shares of Uranium Energy from $15.50 to $16.50 and gave the stock an “outperform” rating in a research note on Friday, December 19th. Finally, Stifel Nicolaus assumed coverage on shares of Uranium Energy in a research report on Monday, October 6th. They set a “buy” rating and a $10.50 price target for the company. Two analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $14.92.

Uranium Energy Stock Down 7.3%

The firm’s 50 day moving average price is $14.38 and its two-hundred day moving average price is $12.67. The firm has a market capitalization of $8.33 billion, a PE ratio of -143.67 and a beta of 1.23.

Institutional Investors Weigh In On Uranium Energy

Hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. boosted its stake in Uranium Energy by 32.2% during the 4th quarter. Vanguard Group Inc. now owns 47,247,813 shares of the basic materials company’s stock valued at $551,854,000 after acquiring an additional 11,521,597 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Uranium Energy by 9.9% during the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 26,599,686 shares of the basic materials company’s stock valued at $354,847,000 after purchasing an additional 2,393,683 shares during the period. State Street Corp boosted its holdings in shares of Uranium Energy by 9.5% during the second quarter. State Street Corp now owns 23,046,686 shares of the basic materials company’s stock valued at $156,717,000 after acquiring an additional 2,000,516 shares during the period. Norges Bank acquired a new position in Uranium Energy during the 2nd quarter valued at about $105,058,000. Finally, Geode Capital Management LLC grew its holdings in Uranium Energy by 3.0% in the 2nd quarter. Geode Capital Management LLC now owns 9,902,310 shares of the basic materials company’s stock worth $67,344,000 after buying an additional 289,662 shares in the last quarter. Institutional investors and hedge funds own 62.28% of the company’s stock.

About Uranium Energy

Uranium Energy Corp. is a uranium mining and exploration company focused on the development and production of uranium through in-situ recovery (ISR) methods. The company’s core activities include operating ISR projects, advancing exploration properties, and engaging in joint ventures to secure uranium supply for nuclear power generation. Uranium Energy’s approach emphasizes environmentally conscious extraction techniques that minimize land disturbance and water usage compared with conventional mining.

The company’s primary producing asset is the Hobson ISR facility in South Texas, which commenced production to supply uranium concentrate to nuclear utilities.