Uranium Energy (UEC) Projected to Post Earnings on Friday

Uranium Energy (NYSEAMERICAN:UEC - Get Free Report) is expected to be issuing its quarterly earnings data before the market opens on Friday, June 6th. Analysts expect the company to announce earnings of ($0.04) per share for the quarter.

Uranium Energy Trading Down 2.0%

Shares of NYSEAMERICAN:UEC traded down $0.12 on Friday, hitting $5.89. The company had a trading volume of 12,814,572 shares, compared to its average volume of 8,469,966. Uranium Energy has a 1-year low of $3.85 and a 1-year high of $8.93. The stock has a market cap of $2.49 billion, a price-to-earnings ratio of -49.08 and a beta of 1.88. The stock has a 50 day moving average price of $5.17 and a 200 day moving average price of $6.43.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Caxton Associates LLP acquired a new stake in shares of Uranium Energy during the 1st quarter worth approximately $173,000. Focus Partners Wealth grew its position in Uranium Energy by 114.0% in the 1st quarter. Focus Partners Wealth now owns 36,427 shares of the basic materials company's stock valued at $174,000 after purchasing an additional 19,407 shares during the period. AQR Capital Management LLC grew its position in Uranium Energy by 56.6% in the 1st quarter. AQR Capital Management LLC now owns 222,582 shares of the basic materials company's stock valued at $1,064,000 after purchasing an additional 80,464 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Uranium Energy by 44.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,367,597 shares of the basic materials company's stock valued at $6,537,000 after purchasing an additional 423,994 shares during the period. Institutional investors own 62.28% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on UEC shares. Stifel Canada upgraded shares of Uranium Energy to a "strong-buy" rating in a research note on Tuesday, March 11th. Stifel Nicolaus set a $10.50 target price on shares of Uranium Energy in a report on Wednesday, March 12th. National Bankshares set a $10.00 target price on shares of Uranium Energy and gave the stock an "outperform" rating in a report on Wednesday, February 12th. National Bank Financial began coverage on shares of Uranium Energy in a report on Wednesday, February 12th. They issued an "outperform" rating and a $10.00 target price for the company. Finally, HC Wainwright reissued a "buy" rating and issued a $12.25 target price on shares of Uranium Energy in a report on Thursday, March 13th. Four equities research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Buy" and an average price target of $10.60.

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.