Uranium Energy Corp. (NYSEAMERICAN:UEC) shot up 6% during trading on Friday . The company traded as high as $1.51 and last traded at $1.59. 1,102,187 shares traded hands during mid-day trading, an increase of 7% from the average session volume of 1,032,435 shares. The stock had previously closed at $1.50.
A number of research firms recently commented on UEC. Zacks Investment Research upgraded Uranium Energy from a “sell” rating to a “hold” rating in a report on Tuesday, May 1st. HC Wainwright decreased their target price on Uranium Energy from $4.10 to $3.60 and set a “buy” rating for the company in a research note on Thursday, April 26th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $2.70.
Uranium Energy (NYSEAMERICAN:UEC) last posted its earnings results on Monday, March 12th. The basic materials company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.01).
A number of large investors have recently bought and sold shares of UEC. Global X Management Co. LLC grew its stake in Uranium Energy by 23.5% in the fourth quarter. Global X Management Co. LLC now owns 9,334,591 shares of the basic materials company’s stock valued at $16,522,000 after acquiring an additional 1,773,871 shares during the period. 1492 Capital Management LLC acquired a new position in shares of Uranium Energy during the fourth quarter worth about $728,000. MYDA Advisors LLC acquired a new position in shares of Uranium Energy during the fourth quarter worth about $623,000. JPMorgan Chase & Co. boosted its position in shares of Uranium Energy by 11.0% during the first quarter. JPMorgan Chase & Co. now owns 3,100,992 shares of the basic materials company’s stock worth $4,062,000 after buying an additional 306,634 shares during the period. Finally, Virtu Financial LLC boosted its position in shares of Uranium Energy by 123.7% during the fourth quarter. Virtu Financial LLC now owns 532,256 shares of the basic materials company’s stock worth $942,000 after buying an additional 294,284 shares during the period.
Uranium Energy Company Profile
Uranium Energy Corp. operates as a uranium mining and exploration company. Its projects in South Texas include the Palangana ISR mine, the permitted Goliad ISR project, and the development-stage Burke Hollow ISR project; and project in Wyoming comprise the permitted Reno Creek ISR project. The company also controls a pipeline of advanced-stage uranium projects in Arizona, Colorado, New Mexico, and Paraguay, as well as a high-grade titanium project in Paraguay.
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