Uranium Energy (NYSEAMERICAN:UEC) Shares Gap Down – Here’s What Happened

Uranium Energy Corp. (NYSEAMERICAN:UEC)’s share price gapped down prior to trading on Friday . The stock had previously closed at $7.46, but opened at $7.17. Uranium Energy shares last traded at $7.35, with a volume of 794,317 shares changing hands.

Wall Street Analysts Forecast Growth

UEC has been the topic of several research reports. HC Wainwright boosted their price target on Uranium Energy from $10.25 to $11.00 and gave the company a “buy” rating in a research note on Monday, December 9th. Roth Mkm restated a “buy” rating and set a $10.25 price objective (up from $9.75) on shares of Uranium Energy in a research report on Wednesday, October 23rd.

Uranium Energy Stock Down 5.1 %

The company’s 50 day simple moving average is $6.59. The firm has a market cap of $3.00 billion, a P/E ratio of -59.00 and a beta of 1.84.

Uranium Energy (NYSEAMERICAN:UEC) last released its quarterly earnings results on Thursday, September 26th. The basic materials company reported ($0.03) EPS for the quarter. Analysts forecast that Uranium Energy Corp. will post 0.02 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Uranium Energy

A number of institutional investors and hedge funds have recently modified their holdings of the business. Strategic Investment Solutions Inc. IL bought a new stake in Uranium Energy in the second quarter valued at about $26,000. Farther Finance Advisors LLC increased its stake in shares of Uranium Energy by 5,130.4% in the 3rd quarter. Farther Finance Advisors LLC now owns 4,812 shares of the basic materials company’s stock valued at $30,000 after acquiring an additional 4,720 shares during the last quarter. Quintet Private Bank Europe S.A. bought a new stake in shares of Uranium Energy in the 3rd quarter valued at about $33,000. BNP Paribas acquired a new stake in shares of Uranium Energy in the 3rd quarter valued at approximately $38,000. Finally, National Bank of Canada FI boosted its stake in Uranium Energy by 29.7% during the 3rd quarter. National Bank of Canada FI now owns 7,485 shares of the basic materials company’s stock worth $46,000 after acquiring an additional 1,713 shares during the last quarter. 62.28% of the stock is owned by institutional investors.

About Uranium Energy

Uranium Energy Corp., together with its subsidiaries, engages in exploration, pre-extraction, extraction, and processing uranium and titanium concentrates in the United States, Canada, and Paraguay. It owns interests in the Palangana mine, Goliad, Burke Hollow, Longhorn, and Salvo projects located in Texas; Anderson, Workman Creek, and Los Cuatros projects situated in Arizona; Dalton Pass and C de Baca project located in New Mexico; Roughrider, Shea Creek, Christie Lake, Horseshoe-Raven, Hidden Bay, Diabase, West Bear, JCU, and other project located in Canada; and Yuty, Oviedo, and Alto Paraná titanium projects in Paraguay.