Uranium Energy (NYSEAMERICAN:UEC) Trading Down 6.5%

Uranium Energy Corp. (NYSEAMERICAN:UEC)’s stock price fell 6.5% during trading on Thursday . The company traded as low as $0.86 and last traded at $0.87, 881,100 shares were traded 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 brokerages have commented on UEC. HC Wainwright set a $4.00 price objective on shares of Uranium Energy and gave the stock a “buy” rating in a research note on Tuesday, June 11th. Zacks Investment Research cut shares of Uranium Energy from a “buy” rating to a “hold” rating in a research note on Saturday, August 3rd.

Uranium Energy (NYSEAMERICAN:UEC) last released its quarterly earnings data on Monday, June 10th. The basic materials company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.01).

Several large investors have recently bought and sold shares of the company. BlackRock Inc. raised its stake in shares of Uranium Energy by 9.7% during the 2nd quarter. BlackRock Inc. now owns 11,773,448 shares of the basic materials company’s stock worth $16,131,000 after acquiring an additional 1,045,736 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Uranium Energy by 1.8% during the 2nd quarter. Vanguard Group Inc. now owns 7,934,799 shares of the basic materials company’s stock worth $10,871,000 after acquiring an additional 142,149 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of Uranium Energy by 57.2% during the 1st quarter. JPMorgan Chase & Co. now owns 6,324,909 shares of the basic materials company’s stock worth $8,856,000 after acquiring an additional 2,300,971 shares in the last quarter. Northern Trust Corp raised its stake in shares of Uranium Energy by 7.6% during the 4th quarter. Northern Trust Corp now owns 1,935,658 shares of the basic materials company’s stock worth $2,419,000 after acquiring an additional 136,853 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of Uranium Energy by 31.9% during the 4th quarter. Geode Capital Management LLC now owns 1,826,042 shares of the basic materials company’s stock worth $2,282,000 after acquiring an additional 441,149 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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