Uranium Energy (UEC) Downgraded by Zacks Investment Research

Uranium Energy (NYSEAMERICAN:UEC) was downgraded by Zacks Investment Research from a “hold” rating to a “strong sell” rating in a research report issued on Friday, February 16th.

According to Zacks, “Uranium Energy Corp is a US-based junior resource company with the objective of becoming a near-term ISR uranium producer in the United States. The Company controls one of the largest historical uranium exploration and development databases in the US. Through the use of these databases, the Company has acquired advanced uranium properties throughout the southwestern US. The operational management is comprised of pre-eminent uranium mining and exploration professionals, whose collective experience in the uranium mining industry gives the Company ongoing uranium mine-finding and uranium mine development expertise. Uranium Energy Corp is well positioned to capitalize on the current alternative energy boom. “

Several other research analysts also recently commented on UEC. HC Wainwright reissued a “buy” rating and issued a $4.10 target price on shares of Uranium Energy in a report on Friday, November 3rd. Roth Capital initiated coverage on Uranium Energy in a report on Wednesday, October 25th. They issued a “buy” rating and a $3.00 target price on the stock. Finally, Cantor Fitzgerald downgraded Uranium Energy from a “buy” rating to a “sell” rating in a report on Thursday, October 26th. Three research analysts have rated the stock with a sell rating and two have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $2.83.

Uranium Energy (NYSEAMERICAN:UEC) traded up $0.02 during trading on Friday, hitting $1.41. The stock had a trading volume of 323,047 shares, compared to its average volume of 1,246,380. Uranium Energy has a twelve month low of $0.96 and a twelve month high of $2.00. The company has a market capitalization of $220.17, a price-to-earnings ratio of -10.69 and a beta of 1.72.

Uranium Energy (NYSEAMERICAN:UEC) last released its earnings results on Monday, December 11th. The basic materials company reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.01).

A number of hedge funds have recently bought and sold shares of the stock. Wells Fargo & Company MN grew its holdings in shares of Uranium Energy by 230.6% in the 4th quarter. Wells Fargo & Company MN now owns 87,304 shares of the basic materials company’s stock valued at $155,000 after buying an additional 60,893 shares during the period. Commerzbank Aktiengesellschaft FI boosted its stake in Uranium Energy by 6.6% in the 4th quarter. Commerzbank Aktiengesellschaft FI now owns 1,000,529 shares of the basic materials company’s stock worth $1,771,000 after purchasing an additional 62,000 shares during the period. Voya Investment Management LLC acquired a new position in Uranium Energy in the 2nd quarter worth $104,000. MetLife Investment Advisors LLC acquired a new position in Uranium Energy in the 4th quarter worth $126,000. Finally, Nationwide Fund Advisors acquired a new position in Uranium Energy in the 2nd quarter worth $121,000.

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About Uranium Energy

Uranium Energy Corp. is engaged in uranium mining and related activities, including exploration, pre-extraction, extraction and processing of uranium concentrates, on projects located in the United States and Paraguay. The Company utilizes in-situ recovery (ISR) mining. The Company has uranium mine located in the state of Texas, the Palangana Mine, which utilizes ISR mining and extracts uranium oxide (U3O8).

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