Uranium Energy (NYSEAMERICAN:UEC) Shares Down 4.2% – Here’s What Happened

Uranium Energy Corp. (NYSEAMERICAN:UEC)’s stock price fell 4.2% during mid-day trading on Monday . The stock traded as low as $7.95 and last traded at $7.96. 1,990,172 shares were traded during mid-day trading, a decline of 74% from the average session volume of 7,638,330 shares. The stock had previously closed at $8.31.

Analysts Set New Price Targets

A number of brokerages recently issued reports on UEC. HC Wainwright restated a “buy” rating and set a $10.25 price objective on shares of Uranium Energy in a report on Tuesday, September 24th. Roth Mkm reiterated a “buy” rating and issued a $10.25 price target (up previously from $9.75) on shares of Uranium Energy in a report on Wednesday, October 23rd.

Uranium Energy Trading Down 3.5 %

The firm has a market capitalization of $3.30 billion, a price-to-earnings ratio of -138.31 and a beta of 1.82. The business’s fifty day simple moving average is $6.44.

Uranium Energy (NYSEAMERICAN:UEC) last issued its quarterly earnings data on Thursday, September 26th. The basic materials company reported ($0.03) earnings per share (EPS) for the quarter. On average, research analysts anticipate that Uranium Energy Corp. will post 0.09 earnings per share for the current year.

Insiders Place Their Bets

In other news, EVP Scott Melbye acquired 9,500 shares of Uranium Energy stock in a transaction dated Friday, September 6th. The shares were bought at an average cost of $4.18 per share, with a total value of $39,710.00. Following the purchase, the executive vice president now owns 988,031 shares in the company, valued at $4,129,969.58. This trade represents a 0.97 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Amir Adnani bought 60,000 shares of the stock in a transaction that occurred on Friday, September 6th. The shares were purchased at an average cost of $4.10 per share, with a total value of $246,000.00. Following the purchase, the chief executive officer now directly owns 4,242,326 shares of the company’s stock, valued at $17,393,536.60. The trade was a 1.43 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 2.40% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of UEC. Vontobel Holding Ltd. lifted its stake in shares of Uranium Energy by 3.9% in the third quarter. Vontobel Holding Ltd. now owns 38,548 shares of the basic materials company’s stock valued at $239,000 after buying an additional 1,461 shares in the last quarter. Integrated Wealth Concepts LLC boosted its stake in Uranium Energy by 4.4% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 36,773 shares of the basic materials company’s stock valued at $228,000 after purchasing an additional 1,560 shares during the last quarter. National Bank of Canada FI increased its holdings 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 purchasing an additional 1,713 shares in the last quarter. Choreo LLC raised its stake in shares of Uranium Energy by 11.0% in the second quarter. Choreo LLC now owns 24,505 shares of the basic materials company’s stock worth $141,000 after purchasing an additional 2,420 shares during the last quarter. Finally, Franklin Resources Inc. grew its holdings in Uranium Energy by 12.7% during the third quarter. Franklin Resources Inc. now owns 22,245 shares of the basic materials company’s stock worth $138,000 after buying an additional 2,505 shares in 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.