Uranium Energy Corp. (NYSEAMERICAN:UEC)’s stock price fell 25.7% during trading on Friday . The company traded as low as $0.91 and last traded at $1.07, 15,806,116 shares changed hands during mid-day trading. An increase of 1,171% from the average session volume of 1,243,837 shares. The stock had previously closed at $1.44.
A number of research firms recently commented on UEC. HC Wainwright set a $4.00 price target 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 First Bancorp from a “buy” rating to a “hold” rating in a research note on Friday, June 14th.
Uranium Energy (NYSEAMERICAN:UEC) last posted its quarterly earnings data on Monday, June 10th. The basic materials company reported ($0.03) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.01).
Several hedge funds have recently added to or reduced their stakes in UEC. Two Sigma Securities LLC purchased a new stake in shares of Uranium Energy in the 4th quarter valued at $28,000. Amalgamated Bank purchased a new stake in shares of Uranium Energy in the 4th quarter valued at $29,000. Principal Financial Group Inc. purchased a new stake in shares of Uranium Energy in the 4th quarter valued at $31,000. LPL Financial LLC lifted its stake in shares of Uranium Energy by 79.3% in the 4th quarter. LPL Financial LLC now owns 26,000 shares of the basic materials company’s stock valued at $33,000 after purchasing an additional 11,500 shares during the period. Finally, BNP Paribas Arbitrage SA lifted its stake in shares of Uranium Energy by 70,500.0% in the 1st quarter. BNP Paribas Arbitrage SA now owns 36,712 shares of the basic materials company’s stock valued at $51,000 after purchasing an additional 36,660 shares during the period.
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.
Further Reading: Return on Investment (ROI)
Receive News & Ratings for Uranium Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Uranium Energy and related companies with MarketBeat.com's FREE daily email newsletter.