Uranium Energy (NYSEAMERICAN:UEC) Shares Down 4.5% - What's Next?

Uranium Energy Corp. (NYSEAMERICAN:UEC - Get Free Report)'s stock price fell 4.5% on Tuesday . The company traded as low as $6.35 and last traded at $6.31. 3,056,266 shares were traded during trading, a decline of 65% from the average session volume of 8,667,805 shares. The stock had previously closed at $6.61.

Wall Street Analysts Forecast Growth

UEC has been the topic of several research reports. National Bankshares set a $10.00 price target on shares of Uranium Energy and gave the company an "outperform" rating in a report on Wednesday, February 12th. HC Wainwright restated a "buy" rating and issued a $12.25 price target on shares of Uranium Energy in a report on Thursday, March 13th. Stifel Canada upgraded shares of Uranium Energy to a "strong-buy" rating in a report on Tuesday, March 11th. Stifel Nicolaus set a $10.50 price target on shares of Uranium Energy in a report on Wednesday, March 12th. Finally, National Bank Financial initiated coverage on shares of Uranium Energy in a report on Wednesday, February 12th. They issued an "outperform" rating and a $10.00 price target on the stock. Five equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Buy" and a consensus price target of $10.13.

Uranium Energy Trading Down 0.1%

The stock has a market cap of $2.62 billion, a PE ratio of -51.49 and a beta of 1.88. The company's 50 day moving average is $5.36 and its 200-day moving average is $6.50.

Institutional Trading of Uranium Energy

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Uranium Energy by 1.5% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 29,230,344 shares of the basic materials company's stock valued at $195,551,000 after purchasing an additional 423,233 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Uranium Energy by 2.5% in the 4th quarter. Vanguard Group Inc. now owns 25,862,079 shares of the basic materials company's stock valued at $173,017,000 after buying an additional 631,929 shares during the period. MMCAP International Inc. SPC boosted its holdings in shares of Uranium Energy by 8.6% in the 1st quarter. MMCAP International Inc. SPC now owns 19,716,341 shares of the basic materials company's stock valued at $94,244,000 after buying an additional 1,559,173 shares during the period. JPMorgan Chase & Co. boosted its holdings 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 buying an additional 4,982,949 shares during the period. Finally, Norges Bank acquired a new position in shares of Uranium Energy in the 4th quarter valued at about $100,773,000. Institutional investors own 62.28% of the company's stock.

Uranium Energy Company Profile

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.