Uranium Energy (NYSEAMERICAN:UEC – Get Rating) had its price target cut by HC Wainwright from $8.25 to $8.00 in a report published on Tuesday morning, The Fly reports.
Uranium Energy Price Performance
Uranium Energy stock opened at $2.79 on Tuesday. The firm has a market capitalization of $1.05 billion, a price-to-earnings ratio of 39.86 and a beta of 1.98. The firm has a fifty day simple moving average of $3.19. Uranium Energy has a 52 week low of $2.30 and a 52 week high of $4.72.
Uranium Energy (NYSEAMERICAN:UEC – Get Rating) last posted its quarterly earnings results on Monday, March 13th. The basic materials company reported $0.03 earnings per share (EPS) for the quarter. Uranium Energy had a return on equity of 4.33% and a net margin of 17.31%. The firm had revenue of $47.93 million during the quarter, compared to the consensus estimate of $25.20 million. As a group, equities research analysts forecast that Uranium Energy will post -0.02 EPS for the current fiscal year.
Insider Transactions at Uranium Energy
Institutional Trading of Uranium Energy
A number of institutional investors and hedge funds have recently made changes to their positions in UEC. JPMorgan Chase & Co. increased its position in Uranium Energy by 24.8% in the 1st quarter. JPMorgan Chase & Co. now owns 208,719 shares of the basic materials company’s stock valued at $958,000 after acquiring an additional 41,471 shares during the period. Raymond James Financial Services Advisors Inc. acquired a new stake in Uranium Energy in the 1st quarter valued at approximately $47,000. Bank of New York Mellon Corp increased its position in Uranium Energy by 6.8% in the 1st quarter. Bank of New York Mellon Corp now owns 800,581 shares of the basic materials company’s stock valued at $3,675,000 after acquiring an additional 50,810 shares during the period. HighTower Advisors LLC increased its position in Uranium Energy by 25.6% in the 1st quarter. HighTower Advisors LLC now owns 218,733 shares of the basic materials company’s stock valued at $1,005,000 after acquiring an additional 44,536 shares during the period. Finally, MetLife Investment Management LLC increased its position in Uranium Energy by 38.3% in the 1st quarter. MetLife Investment Management LLC now owns 122,621 shares of the basic materials company’s stock valued at $563,000 after acquiring an additional 33,941 shares during the period. 40.37% of the stock is currently owned by institutional investors and hedge funds.
Uranium Energy Company Profile
Uranium Energy Corp. engages in the provision of uranium mining and related activities. It includes the exploration, pre-extraction, extraction, and processing of uranium and titanium concentrates. It operates through the following geographical segments: United States, Canada, and Paraguay. The company was founded by Alan P.
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