Uranium Energy (NYSEAMERICAN:UEC) Trading Down 6.3% – Should You Sell?

Uranium Energy Corp. (NYSEAMERICAN:UEC) shares fell 6.3% on Friday . The stock traded as low as $12.35 and last traded at $12.4490. 1,951,566 shares were traded during mid-day trading, a decline of 82% from the average session volume of 10,568,539 shares. The stock had previously closed at $13.28.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on UEC shares. TD Securities lowered their price target on shares of Uranium Energy from $22.00 to $21.00 and set a “buy” rating on the stock in a research report on Wednesday, March 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 Bank Financial lifted their price objective on shares of Uranium Energy from $15.50 to $16.50 and gave the company an “outperform” rating in a research note on Friday, December 19th. Roth Mkm reissued a “buy” rating and set a $16.00 target price on shares of Uranium Energy in a report on Thursday, December 11th. Finally, The Goldman Sachs Group restated a “buy” rating and set a $18.00 target price on shares of Uranium Energy in a research report on Wednesday, February 4th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $17.53.

Uranium Energy Stock Down 9.0%

The company has a 50-day moving average price of $15.96 and a two-hundred day moving average price of $14.06. The stock has a market capitalization of $5.93 billion, a P/E ratio of -100.75 and a beta of 1.21.

Uranium Energy (NYSEAMERICAN:UEC) last announced its quarterly earnings results on Tuesday, March 10th. The basic materials company reported ($0.03) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.03). The firm had revenue of $20.20 million during the quarter, compared to analysts’ expectations of $12.85 million. On average, sell-side analysts expect that Uranium Energy Corp. will post 0.01 earnings per share for the current year.

Institutional Trading of Uranium Energy

Several institutional investors and hedge funds have recently bought and sold shares of the company. Price T Rowe Associates Inc. MD boosted its holdings in Uranium Energy by 11.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 66,352,123 shares of the basic materials company’s stock valued at $774,995,000 after purchasing an additional 7,013,279 shares during the period. Vanguard Group Inc. increased its holdings in shares of Uranium Energy by 32.2% in the fourth quarter. Vanguard Group Inc. now owns 47,247,813 shares of the basic materials company’s stock worth $551,854,000 after purchasing an additional 11,521,597 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Uranium Energy by 9.9% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 26,599,686 shares of the basic materials company’s stock worth $354,847,000 after buying an additional 2,393,683 shares in the last quarter. State Street Corp raised its position in shares of Uranium Energy by 9.5% in the second quarter. State Street Corp now owns 23,046,686 shares of the basic materials company’s stock worth $156,717,000 after buying an additional 2,000,516 shares in the last quarter. Finally, Van ECK Associates Corp boosted its stake in Uranium Energy by 25.3% during the fourth quarter. Van ECK Associates Corp now owns 19,665,665 shares of the basic materials company’s stock valued at $229,695,000 after buying an additional 3,969,046 shares during the period. 62.28% of the stock is currently owned by hedge funds and other institutional investors.

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.