Uranium Energy (NYSEAMERICAN:UEC) Stock Price Down 9.6% – What’s Next?

Uranium Energy Corp. (NYSEAMERICAN:UEC) was down 9.6% during mid-day trading on Wednesday . The stock traded as low as $13.94 and last traded at $13.96. Approximately 4,840,976 shares changed hands during trading, a decline of 51% from the average daily volume of 9,878,308 shares. The stock had previously closed at $15.44.

Analysts Set New Price Targets

UEC has been the subject of several research analyst reports. TD Securities cut their price objective on Uranium Energy from $22.00 to $21.00 and set a “buy” rating for the company in a research report on Wednesday, March 11th. The Goldman Sachs Group reiterated a “buy” rating and issued a $18.00 price objective on shares of Uranium Energy in a research report on Wednesday, February 4th. HC Wainwright reiterated a “buy” rating and issued a $26.75 price objective on shares of Uranium Energy in a research report on Wednesday, May 20th. Finally, Roth Mkm set a $17.00 target price on shares of Uranium Energy in a report on Wednesday, March 11th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, Uranium Energy has an average rating of “Moderate Buy” and an average price target of $17.66.

Uranium Energy Stock Performance

The stock has a market cap of $6.90 billion, a PE ratio of -117.33 and a beta of 1.12. The business has a 50-day moving average of $13.96 and a 200 day moving average of $14.25.

Uranium Energy (NYSEAMERICAN:UEC) last posted its quarterly earnings data on Tuesday, March 10th. The basic materials company reported ($0.03) EPS for the quarter, hitting analysts’ consensus estimates of ($0.03). The company had revenue of $20.20 million for the quarter, compared to analysts’ expectations of $12.85 million. Equities analysts expect that Uranium Energy Corp. will post -0.12 EPS for the current fiscal year.

Institutional Trading of Uranium Energy

Several hedge funds and other institutional investors have recently bought and sold shares of UEC. AQR Capital Management LLC grew its holdings in Uranium Energy by 56.6% in the 1st quarter. AQR Capital Management LLC now owns 222,582 shares of the basic materials company’s stock valued at $1,064,000 after buying an additional 80,464 shares during the period. Caxton Associates LLP purchased a new stake in shares of Uranium Energy during the 1st quarter valued at $173,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Uranium Energy by 44.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,367,597 shares of the basic materials company’s stock valued at $6,537,000 after buying an additional 423,994 shares during the period. Focus Partners Wealth grew its stake in shares of Uranium Energy by 114.0% during the 1st quarter. Focus Partners Wealth now owns 36,427 shares of the basic materials company’s stock valued at $174,000 after buying an additional 19,407 shares during the period. Finally, Cetera Investment Advisers grew its stake in shares of Uranium Energy by 24.2% during the 2nd quarter. Cetera Investment Advisers now owns 80,807 shares of the basic materials company’s stock valued at $549,000 after buying an additional 15,744 shares during the period. 62.28% of the stock is 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.