Uranium Energy Corp. (NYSEAMERICAN:UEC - Get Free Report) shares gapped down before the market opened on Friday . The stock had previously closed at $6.27, but opened at $6.07. Uranium Energy shares last traded at $6.34, with a volume of 1,038,845 shares trading hands.
Wall Street Analyst Weigh In
Separately, BMO Capital Markets assumed coverage on Uranium Energy in a research report on Tuesday, June 3rd. They set an "outperform" rating and a $7.75 price objective for the company. Five equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Uranium Energy has a consensus rating of "Buy" and an average target price of $10.13.
View Our Latest Research Report on Uranium Energy
Uranium Energy Stock Up 4.1%
The business has a 50-day simple moving average of $6.16 and a two-hundred day simple moving average of $6.34. The stock has a market capitalization of $3.05 billion, a price-to-earnings ratio of -40.35 and a beta of 1.42.
Institutional Trading of Uranium Energy
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Norges Bank acquired a new position in shares of Uranium Energy in the fourth quarter worth about $100,773,000. JPMorgan Chase & Co. lifted its position in shares of Uranium Energy by 45.9% in the 4th quarter. JPMorgan Chase & Co. now owns 15,842,713 shares of the basic materials company's stock valued at $105,988,000 after acquiring an additional 4,982,949 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in Uranium Energy by 239.4% in the 4th quarter. Ameriprise Financial Inc. now owns 6,731,148 shares of the basic materials company's stock worth $45,036,000 after purchasing an additional 4,748,138 shares during the period. Driehaus Capital Management LLC grew its position in Uranium Energy by 52.2% during the 4th quarter. Driehaus Capital Management LLC now owns 9,499,842 shares of the basic materials company's stock worth $63,554,000 after purchasing an additional 3,259,704 shares in the last quarter. Finally, Victory Capital Management Inc. raised its stake in Uranium Energy by 120.0% during the 1st quarter. Victory Capital Management Inc. now owns 5,930,920 shares of the basic materials company's stock valued at $28,350,000 after purchasing an additional 3,235,394 shares during the period. 62.28% of the stock is owned by institutional investors and hedge funds.
About Uranium Energy
(
Get Free Report)
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.
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