Uranium Energy (NYSEAMERICAN:UEC) Shares Down 3.2%

Uranium Energy Corp. (NYSEAMERICAN:UEC) traded down 3.2% during trading on Monday . The company traded as low as $5.81 and last traded at $5.82. 473,189 shares traded hands during mid-day trading, a decline of 94% from the average session volume of 7,358,878 shares. The stock had previously closed at $6.01.

Analyst Upgrades and Downgrades

Separately, HC Wainwright restated a “buy” rating and issued a $10.25 target price on shares of Uranium Energy in a research note on Tuesday, June 11th. One research analyst has rated the stock with a sell rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $8.90.

Uranium Energy Price Performance

The business’s fifty day moving average price is $6.70.

Uranium Energy (NYSEAMERICAN:UEC) last released its quarterly earnings results on Friday, June 7th. The basic materials company reported ($0.05) EPS for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.06). Uranium Energy had a negative return on equity of 3.05% and a negative net margin of 8.20%. Equities analysts expect that Uranium Energy Corp. will post 0.03 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Uranium Energy

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Norges Bank acquired a new position in shares of Uranium Energy during the 4th quarter worth approximately $96,000,000. MMCAP International Inc. SPC increased its position in shares of Uranium Energy by 17.0% during the 1st quarter. MMCAP International Inc. SPC now owns 29,610,903 shares of the basic materials company’s stock worth $199,874,000 after purchasing an additional 4,306,240 shares during the last quarter. Fourth Sail Capital LP acquired a new position in shares of Uranium Energy during the 1st quarter worth approximately $12,695,000. Rokos Capital Management LLP acquired a new position in shares of Uranium Energy during the 1st quarter worth approximately $10,396,000. Finally, Mirae Asset Global Investments Co. Ltd. increased its position in shares of Uranium Energy by 7.1% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 22,943,719 shares of the basic materials company’s stock worth $146,840,000 after purchasing an additional 1,521,140 shares during the last quarter. Institutional investors and hedge funds own 62.28% of the company’s stock.

About Uranium Energy

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.