Uranium Energy (NYSEAMERICAN:UEC – Get Rating) was downgraded by equities research analysts at Citigroup from a “hold” rating to a “reduce” rating in a research note issued to investors on Friday, April 22nd, The Fly reports. They currently have a $5.50 price objective on the basic materials company’s stock. Citigroup’s target price points to a potential upside of 15.30% from the company’s previous close. The analysts noted that the move was a valuation call.
Several other research firms have also recently commented on UEC. Canaccord Genuity Group cut Uranium Energy from a “speculative buy” rating to a “hold” rating in a report on Friday, April 22nd. HC Wainwright upped their price objective on Uranium Energy from $7.00 to $7.10 and gave the company a “buy” rating in a research note on Monday, April 4th. Finally, Zacks Investment Research lowered Uranium Energy from a “buy” rating to a “hold” rating in a research report on Thursday, February 24th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, Uranium Energy presently has a consensus rating of “Hold” and an average price target of $5.62.
Shares of UEC traded up $0.20 during trading hours on Friday, hitting $4.77. 14,433,052 shares of the company were exchanged, compared to its average volume of 13,670,078. The company has a market cap of $1.35 billion, a PE ratio of -79.83 and a beta of 1.99. Uranium Energy has a 52 week low of $1.89 and a 52 week high of $6.60.
About Uranium Energy (Get Rating)
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; Slick Rock project in Colorado; Reno Creek project in Wyoming; Diabase project located in Canada; and Yuty, Oviedo, and Alto Paraná titanium projects in Paraguay.
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