Uranium Energy (NYSEAMERICAN:UEC) Cut to Strong Sell at Zacks Research

Zacks Research downgraded shares of Uranium Energy (NYSEAMERICAN:UEC) from a hold rating to a strong sell rating in a research report sent to investors on Monday morning,Zacks reports.

UEC has been the topic of a number of other reports. HC Wainwright reissued a “buy” rating and set a $26.75 target price on shares of Uranium Energy in a research report on Wednesday, September 30th. Royal Bank Of Canada initiated coverage on Uranium Energy in a research note on Friday, October 2nd. They set a “sector perform” rating and a $10.00 target price for the company. National Bank Financial cut their price target on Uranium Energy from $16.00 to $15.00 and set an “outperform” rating on the stock in a research note on Monday. Jefferies Financial Group started coverage on Uranium Energy in a report on Thursday, September 3rd. They set a “hold” rating and a $11.50 price objective on the stock. Finally, The Goldman Sachs Group restated a “buy” rating and issued a $16.00 price target on shares of Uranium Energy in a research note on Tuesday, June 9th. Five analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $16.75.

Uranium Energy Trading Down 6.3%

NYSEAMERICAN:UEC opened at $9.47 on Monday. Uranium Energy has a twelve month low of $8.90 and a twelve month high of $20.34. The firm has a market capitalization of $4.69 billion, a price-to-earnings ratio of -33.82 and a beta of 1.38. The firm’s fifty day simple moving average is $10.84 and its 200 day simple moving average is $11.94.

Uranium Energy (NYSEAMERICAN:UEC) last issued its quarterly earnings data on Tuesday, September 29th. The basic materials company reported ($0.12) EPS for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.08). The business had revenue of $17.05 million during the quarter, compared to the consensus estimate of $9.00 million. On average, analysts predict that Uranium Energy will post -0.08 earnings per share for the current year.

Institutional Investors Weigh In On Uranium Energy

Several institutional investors and hedge funds have recently bought and sold shares of UEC. Balboa Wealth Partners lifted its stake in Uranium Energy by 2.9% in the 1st quarter. Balboa Wealth Partners now owns 27,820 shares of the basic materials company’s stock worth $376,000 after acquiring an additional 775 shares in the last quarter. Sequoia Financial Advisors LLC grew its stake in Uranium Energy by 6.0% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 18,673 shares of the basic materials company’s stock valued at $199,000 after acquiring an additional 1,050 shares in the last quarter. TD Waterhouse Canada Inc. grew its stake in Uranium Energy by 31.3% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 5,589 shares of the basic materials company’s stock valued at $59,000 after acquiring an additional 1,333 shares in the last quarter. CoreCap Advisors LLC increased its holdings in shares of Uranium Energy by 6.2% in the 2nd quarter. CoreCap Advisors LLC now owns 25,850 shares of the basic materials company’s stock valued at $276,000 after purchasing an additional 1,500 shares during the period. Finally, KBC Group NV increased its holdings in shares of Uranium Energy by 15.2% in the 1st quarter. KBC Group NV now owns 15,552 shares of the basic materials company’s stock valued at $210,000 after purchasing an additional 2,054 shares during the period. 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 headquartered in Corpus Christi, Texas. The company focuses on the acquisition, development and operation of uranium projects, with an emphasis on in-situ recovery (ISR), a mining method that extracts uranium from underground deposits without conventional open-pit or underground mining. Its operations and development portfolio are primarily located in the United States, including projects in Texas and Wyoming.

UEC’s U.S. assets include ISR projects, processing facilities and associated resource properties.