Uranium Energy (NYSEAMERICAN:UEC) Sets New 52-Week Low – Here’s What Happened

Uranium Energy Corp. (NYSEAMERICAN:UEC) reached a new 52-week low during trading on Monday. The stock traded as low as $8.83 and last traded at $8.9750, with a volume of 709,692 shares changing hands. The stock had previously closed at $9.19.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. HC Wainwright reissued a “buy” rating and set a $26.75 price target on shares of Uranium Energy in a research report on Wednesday, September 30th. Zacks Research cut shares of Uranium Energy from a “hold” rating to a “strong sell” rating in a research report on Monday, October 5th. National Bank Financial decreased their price target on Uranium Energy from $16.00 to $15.00 and set an “outperform” rating for the company in a research note on Monday, October 5th. Royal Bank Of Canada assumed coverage on Uranium Energy in a research note on Friday, October 2nd. They issued a “sector perform” rating and a $10.00 price target for the company. Finally, Jefferies Financial Group started coverage on Uranium Energy in a report on Thursday, September 3rd. They issued a “hold” rating and a $11.50 price objective for the company. Five research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $16.75.

Uranium Energy Stock Performance

The stock has a 50 day moving average of $10.75 and a 200 day moving average of $11.82. The stock has a market capitalization of $4.08 billion, a P/E ratio of -29.43 and a beta of 1.38.

Uranium Energy (NYSEAMERICAN:UEC) last posted its earnings results on Tuesday, September 29th. The basic materials company reported ($0.12) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.08). The company had revenue of $17.05 million during the quarter, compared to analysts’ expectations of $9.00 million. On average, research analysts anticipate that Uranium Energy Corp. will post -0.08 EPS for the current fiscal year.

Institutional Trading of Uranium Energy

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Krilogy Financial LLC lifted its position in shares of Uranium Energy by 18.2% during the 3rd quarter. Krilogy Financial LLC now owns 18,995 shares of the basic materials company’s stock valued at $168,000 after acquiring an additional 2,926 shares during the last quarter. GAMMA Investing LLC lifted its position in Uranium Energy by 26.6% in the 3rd quarter. GAMMA Investing LLC now owns 11,360 shares of the basic materials company’s stock worth $107,000 after buying an additional 2,386 shares in the last quarter. Segra Capital Management LLC acquired a new stake in Uranium Energy during the third quarter valued at $5,198,000. Sequoia Financial Advisors LLC lifted its holdings in shares of 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 buying an additional 1,050 shares during the last quarter. Finally, Integrated Wealth Concepts LLC lifted its stake in Uranium Energy by 28.2% in the second quarter. Integrated Wealth Concepts LLC now owns 66,655 shares of the basic materials company’s stock valued at $711,000 after acquiring an additional 14,679 shares during the last quarter. 62.28% of the stock is owned by institutional investors and hedge funds.

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.