Uranium Energy (NYSEAMERICAN:UEC) Stock Price Down 5.4% - What's Next?

Key Points

• Uranium Energy shares fell 5.4% to $12.88, with trading volume down 82% from its average. The stock is near its 200-day moving average of $12.86 but above its 50-day average of $10.73.
• Analysts remain broadly positive, with a consensus rating of “Moderate Buy” and an average price target of $17.41; Goldman Sachs and HC Wainwright reiterated “buy” ratings.
• The company missed its latest quarterly earnings estimate, reporting a loss of $0.07 per share versus expectations of a $0.03 loss. Institutional ownership stands at 62.28%, with several funds recently increasing their positions.

Uranium Energy Corp. (NYSEAMERICAN:UEC - Get Free Report) shares fell 5.4% on Friday . The company traded as low as $12.69 and last traded at $12.88. Approximately 1,738,255 shares changed hands during trading, a decline of 82% from the average daily volume of 9,777,526 shares. The stock had previously closed at $13.62.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. The Goldman Sachs Group reiterated a "buy" rating and set a $16.00 price target on shares of Uranium Energy in a report on Tuesday, June 9th. HC Wainwright reaffirmed a "buy" rating on shares of Uranium Energy in a research report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $17.41.

Uranium Energy Price Performance

The stock's 50 day moving average price is $10.73 and its two-hundred day moving average price is $12.86. The firm has a market capitalization of $6.16 billion, a price-to-earnings ratio of -103.67 and a beta of 1.22.

Uranium Energy (NYSEAMERICAN:UEC - Get Free Report) last announced its earnings results on Tuesday, June 9th. The basic materials company reported ($0.07) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.04). As a group, equities research analysts anticipate that Uranium Energy Corp. will post -0.15 EPS for the current fiscal year.

Hedge Funds Weigh In On Uranium Energy

A number of institutional investors have recently made changes to their positions in the business. Amundi boosted its stake in Uranium Energy by 20.5% during the 2nd quarter. Amundi now owns 85,367 shares of the basic materials company's stock valued at $910,000 after purchasing an additional 14,541 shares during the period. HighTower Advisors LLC increased its position in Uranium Energy by 13.4% in the 2nd quarter. HighTower Advisors LLC now owns 41,664 shares of the basic materials company's stock worth $444,000 after buying an additional 4,923 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of Uranium Energy during the second quarter worth approximately $829,000. California State Teachers Retirement System lifted its holdings in shares of Uranium Energy by 977.3% during the second quarter. California State Teachers Retirement System now owns 6,039,029 shares of the basic materials company's stock worth $64,376,000 after buying an additional 5,478,455 shares during the last quarter. Finally, Operose Advisors LLC boosted its position in shares of Uranium Energy by 100.0% in the second quarter. Operose Advisors LLC now owns 8,000 shares of the basic materials company's stock valued at $85,000 after acquiring an additional 4,000 shares during the period. 62.28% of the stock is currently owned by institutional investors.

Uranium Energy Company Profile

Uranium Energy Corp. is a uranium mining and exploration company focused on the development and production of uranium through in-situ recovery (ISR) methods. The company's core activities include operating ISR projects, advancing exploration properties, and engaging in joint ventures to secure uranium supply for nuclear power generation. Uranium Energy's approach emphasizes environmentally conscious extraction techniques that minimize land disturbance and water usage compared with conventional mining.

The company's primary producing asset is the Hobson ISR facility in South Texas, which commenced production to supply uranium concentrate to nuclear utilities.

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