Uranium Energy (NYSEAMERICAN:UEC) Trading Down 4.7% - Time to Sell?

Key Points

• Uranium Energy shares fell 4.7% to about $10.51 in mid-day trading, with volume 56% below the average session level.
• Analysts maintain a generally positive outlook, with a “Moderate Buy” consensus and an average price target of $16.75; however, Jefferies initiated coverage with a Hold rating and an $11.50 target.
• The company reported a quarterly loss of $0.07 per share, missing estimates by $0.04, and analysts expect a full-year loss of $0.15 per share. Institutional investors own 62.28% of the stock.

Uranium Energy Corp. (NYSEAMERICAN:UEC - Get Free Report)'s stock price was down 4.7% during mid-day trading on Friday . The stock traded as low as $10.51 and last traded at $10.5050. 4,237,950 shares traded hands during mid-day trading, a decline of 56% from the average session volume of 9,716,578 shares. The stock had previously closed at $11.02.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. The Goldman Sachs Group restated a "buy" rating and set a $16.00 price target on shares of Uranium Energy in a research report on Tuesday, June 9th. HC Wainwright reiterated a "buy" rating on shares of Uranium Energy in a report on Wednesday, August 26th. Finally, Jefferies Financial Group initiated coverage on Uranium Energy in a research report on Thursday, September 3rd. They set a "hold" rating and a $11.50 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $16.75.

Uranium Energy Stock Down 4.3%

The company's fifty day moving average price is $10.88 and its 200-day moving average price is $12.56. The stock has a market capitalization of $5.22 billion, a PE ratio of -87.79 and a beta of 1.23.

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

Hedge Funds Weigh In On Uranium Energy

Several large investors have recently modified their holdings of the stock. PenderFund Capital Management Ltd. purchased a new stake in Uranium Energy during the 2nd quarter valued at about $35,000. Caitong International Asset Management Co. Ltd bought a new position in shares of Uranium Energy in the fourth quarter worth approximately $39,000. EFG International AG bought a new position in shares of Uranium Energy in the second quarter worth approximately $43,000. Longview Financial Advisors Inc. purchased a new stake in shares of Uranium Energy during the first quarter valued at approximately $52,000. Finally, Allworth Financial LP grew its holdings in shares of Uranium Energy by 177.6% during the fourth quarter. Allworth Financial LP now owns 4,714 shares of the basic materials company's stock valued at $55,000 after buying an additional 3,016 shares during the last quarter. Hedge funds and other institutional investors own 62.28% of the company's stock.

About Uranium Energy

Uranium Energy Corp. (NYSE American: UEC) is a uranium mining and nuclear fuel company focused on the exploration, development and production of uranium in the United States and Canada. Its activities support the supply of uranium used to generate nuclear power.

The company's U.S. portfolio includes in-situ recovery uranium projects and processing infrastructure in South Texas and Wyoming. Its South Texas operations include the Hobson Processing Facility and nearby well-field projects, while its Wyoming assets include the Irigaray Central Processing Plant and the Christensen Ranch project.

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