Uranium Energy (NYSEAMERICAN:UEC) Shares Down 12.9% – Time to Sell?

by · The Markets Daily

Uranium Energy Corp. (NYSEAMERICAN:UEC – Get Free Report) shares traded down 12.9% on Thursday . The company traded as low as $17.62 and last traded at $17.5480. 7,415,550 shares traded hands during trading, a decline of 36% from the average session volume of 11,596,351 shares. The stock had previously closed at $20.14.

Analyst Upgrades and Downgrades

Several research firms have weighed in on UEC. Zacks Research upgraded Uranium Energy from a “strong sell” rating to a “hold” rating in a research note on Monday, December 1st. Roth Mkm restated a “buy” rating and set a $16.00 price target on shares of Uranium Energy in a research note on Thursday, December 11th. Stifel Nicolaus started coverage on Uranium Energy in a research report on Monday, October 6th. They issued a “buy” rating and a $10.50 price objective for the company. Finally, National Bankshares raised their target price on Uranium Energy from $15.50 to $16.50 and gave the stock an “outperform” rating in a research note on Friday, December 19th. Two investment analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, Uranium Energy presently has an average rating of “Buy” and an average target price of $14.92.

View Our Latest Report on Uranium Energy

Uranium Energy Stock Down 8.1%

The stock has a 50-day simple moving average of $14.10 and a 200 day simple moving average of $12.56. The company has a market cap of $8.95 billion, a PE ratio of -155.38 and a beta of 1.23.

Hedge Funds Weigh In On Uranium Energy

Institutional investors and hedge funds have recently made changes to their positions in the stock. Independent Wealth Network Inc. lifted its stake in Uranium Energy by 2.0% in the fourth quarter. Independent Wealth Network Inc. now owns 30,514 shares of the basic materials company’s stock worth $356,000 after acquiring an additional 597 shares during the last quarter. Clear Creek Financial Management LLC grew its stake in shares of Uranium Energy by 2.3% during the fourth quarter. Clear Creek Financial Management LLC now owns 28,949 shares of the basic materials company’s stock worth $338,000 after purchasing an additional 655 shares in the last quarter. CoreCap Advisors LLC increased its holdings in Uranium Energy by 3.1% in the third quarter. CoreCap Advisors LLC now owns 25,200 shares of the basic materials company’s stock valued at $336,000 after buying an additional 750 shares during the last quarter. U.S. Capital Wealth Advisors LLC lifted its holdings in Uranium Energy by 5.2% during the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 15,778 shares of the basic materials company’s stock worth $184,000 after buying an additional 778 shares during the last quarter. Finally, Heritage Family Offices LLP lifted its stake in Uranium Energy by 5.2% during the fourth quarter. Heritage Family Offices LLP now owns 15,785 shares of the basic materials company’s stock worth $184,000 after purchasing an additional 785 shares during the last quarter. 62.28% of the stock is owned by institutional investors and hedge funds.

About Uranium Energy

(Get Free Report)

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.

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