Uranium Energy (NYSEAMERICAN:UEC) Stock Price Down 6.2%

Uranium Energy Corp. (NYSEAMERICAN:UEC) fell 6.2% during trading on Tuesday . The company traded as low as $6.79 and last traded at $6.79. 1,967,427 shares changed hands during mid-day trading, a decline of 74% from the average session volume of 7,699,353 shares. The stock had previously closed at $7.24.

Wall Street Analyst Weigh In

A number of research firms recently commented on UEC. Eight Capital increased their price target on Uranium Energy from $7.00 to $13.00 and gave the company a “buy” rating in a research report on Monday, January 15th. HC Wainwright raised their target price on Uranium Energy from $8.25 to $9.75 and gave the company a “buy” rating in a research report on Thursday, January 18th. One equities research analyst has rated the stock with a sell rating and five have issued a buy rating to the company. According to MarketBeat, Uranium Energy currently has a consensus rating of “Moderate Buy” and a consensus price target of $8.80.

Uranium Energy Trading Down 6.8 %

The business has a 50 day moving average price of $6.38. The company has a market cap of $2.73 billion, a price-to-earnings ratio of -675.00 and a beta of 1.83.

Uranium Energy (NYSEAMERICAN:UEC) last issued its quarterly earnings results on Monday, March 11th. The basic materials company reported $0.01 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.01. The firm had revenue of $0.12 million during the quarter, compared to the consensus estimate of $16.00 million. Uranium Energy had a negative return on equity of 1.11% and a negative net margin of 8.20%. On average, equities analysts predict that Uranium Energy Corp. will post 0.08 EPS for the current fiscal year.

Insider Activity at Uranium Energy

In other news, Director David Kong sold 26,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $6.81, for a total transaction of $177,060.00. Following the transaction, the director now directly owns 154,085 shares of the company’s stock, valued at $1,049,318.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, Director David Kong sold 26,000 shares of Uranium Energy stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $6.81, for a total transaction of $177,060.00. Following the sale, the director now directly owns 154,085 shares in the company, valued at $1,049,318.85. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Volpe Vincent Della sold 84,000 shares of Uranium Energy stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $8.17, for a total value of $686,280.00. Following the sale, the director now owns 186,095 shares in the company, valued at $1,520,396.15. The disclosure for this sale can be found here. 2.90% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Uranium Energy

Several hedge funds have recently added to or reduced their stakes in UEC. Millburn Ridgefield Corp bought a new stake in Uranium Energy in the 3rd quarter worth about $27,000. Catalyst Capital Advisors LLC bought a new stake in Uranium Energy in the 3rd quarter worth about $27,000. Farmers & Merchants Trust Co of Chambersburg PA bought a new stake in Uranium Energy in the 4th quarter worth about $27,000. Stonehage Fleming Financial Services Holdings Ltd bought a new stake in Uranium Energy in the 3rd quarter worth about $33,000. Finally, CVA Family Office LLC bought a new stake in Uranium Energy in the 4th quarter worth about $38,000. 62.28% of the stock is owned by institutional investors.

Uranium Energy Company Profile

Uranium Energy Corp., together with its subsidiaries, 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, Goliad, Burke Hollow, Longhorn, and Salvo projects located in Texas; Anderson, Workman Creek, and Los Cuatros projects situated in Arizona; Dalton Pass and C de Baca project located in New Mexico; Roughrider, Shea Creek, Christie Lake, Horseshoe-Raven, Hidden Bay, Diabase, West Bear, JCU, and other project located in Canada; and Yuty, Oviedo, and Alto Paraná titanium projects in Paraguay.