Uranium Energy Corp. (NYSEAMERICAN:UEC)’s stock price traded down 6.5% during mid-day trading on Thursday . The company traded as low as $0.86 and last traded at $0.87, 881,100 shares changed hands during mid-day trading. A decline of 33% from the average session volume of 1,323,786 shares. The stock had previously closed at $0.93.
A number of analysts have issued reports on the company. HC Wainwright set a $4.00 target price on Uranium Energy and gave the stock a “buy” rating in a research report on Tuesday, June 11th. Zacks Investment Research downgraded Uranium Energy from a “buy” rating to a “hold” rating in a research report on Saturday, August 3rd.
Uranium Energy (NYSEAMERICAN:UEC) last released its earnings results on Monday, June 10th. The basic materials company reported ($0.03) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.02) by ($0.01).
Several hedge funds and other institutional investors have recently made changes to their positions in UEC. Amalgamated Bank purchased a new position in shares of Uranium Energy in the fourth quarter valued at $29,000. Principal Financial Group Inc. purchased a new position in shares of Uranium Energy in the fourth quarter valued at $31,000. Bank of Montreal Can grew its position in shares of Uranium Energy by 502.3% in the second quarter. Bank of Montreal Can now owns 30,132 shares of the basic materials company’s stock valued at $42,000 after purchasing an additional 25,129 shares in the last quarter. BNP Paribas Arbitrage SA grew its position in shares of Uranium Energy by 70,500.0% in the first quarter. BNP Paribas Arbitrage SA now owns 36,712 shares of the basic materials company’s stock valued at $51,000 after purchasing an additional 36,660 shares in the last quarter. Finally, KBC Group NV grew its position in shares of Uranium Energy by 183.5% in the second quarter. KBC Group NV now owns 49,438 shares of the basic materials company’s stock valued at $68,000 after purchasing an additional 32,000 shares in the last quarter.
Uranium Energy Company Profile (NYSEAMERICAN:UEC)
Uranium Energy Corp. 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, Burke Hollow, Goliad, Longhorn, and Salvo projects located in Texas; Anderson, Workman Creek, and Los Cuatros projects situated in Arizona; Slick Rock project in Colorado; Diabase project located in Canada; and Yuty, Oviedo, and Alto Paraná titanium projects in Paraguay.
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