Uranium Energy (NYSEAMERICAN:UEC) Trading Down 4.4% – Time to Sell?

Uranium Energy Corp. (NYSEAMERICAN:UEC)’s share price dropped 4.4% on Tuesday . The stock traded as low as $5.28 and last traded at $5.29. Approximately 1,730,620 shares traded hands during mid-day trading, a decline of 77% from the average daily volume of 7,442,471 shares. The stock had previously closed at $5.53.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on UEC shares. National Bankshares set a $10.00 price target on Uranium Energy and gave the stock an “outperform” rating in a research report on Wednesday, February 12th. Stifel Canada raised Uranium Energy to a “strong-buy” rating in a research note on Tuesday, March 11th. National Bank Financial assumed coverage on shares of Uranium Energy in a research note on Wednesday, February 12th. They issued an “outperform” rating and a $10.00 price target on the stock. Stifel Nicolaus set a $10.50 price objective on shares of Uranium Energy in a research report on Wednesday, March 12th. Finally, HC Wainwright reiterated a “buy” rating and issued a $12.25 target price on shares of Uranium Energy in a research report on Thursday, March 13th. Four equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $10.60.

Uranium Energy Stock Down 3.3 %

The company has a 50-day moving average of $6.45 and a 200 day moving average of $6.83. The stock has a market capitalization of $2.26 billion, a PE ratio of -44.58 and a beta of 1.88.

Institutional Trading of Uranium Energy

A number of hedge funds have recently bought and sold shares of the business. SG Americas Securities LLC boosted its position in shares of Uranium Energy by 107.6% during the 4th quarter. SG Americas Securities LLC now owns 351,233 shares of the basic materials company’s stock valued at $2,350,000 after acquiring an additional 182,016 shares during the last quarter. Van ECK Associates Corp grew its stake in shares of Uranium Energy by 33.2% in the 4th quarter. Van ECK Associates Corp now owns 6,602,890 shares of the basic materials company’s stock valued at $44,174,000 after buying an additional 1,645,919 shares during the period. Intech Investment Management LLC acquired a new stake in shares of Uranium Energy during the 3rd quarter worth approximately $600,000. Barclays PLC lifted its holdings in Uranium Energy by 394.5% in the third quarter. Barclays PLC now owns 697,045 shares of the basic materials company’s stock valued at $4,329,000 after acquiring an additional 556,081 shares during the last quarter. Finally, The Manufacturers Life Insurance Company grew its position in Uranium Energy by 712.5% in the third quarter. The Manufacturers Life Insurance Company now owns 1,821,256 shares of the basic materials company’s stock worth $11,310,000 after acquiring an additional 1,597,108 shares during the period. 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.