Uranium Energy (NYSEAMERICAN:UEC) PT Lowered to $8.00

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

In other Uranium Energy news, EVP Scott Melbye purchased 21,000 shares of Uranium Energy stock in a transaction that occurred on Friday, March 24th. The stock was purchased at an average price of $2.50 per share, with a total value of $52,500.00. Following the completion of the acquisition, the executive vice president now owns 773,781 shares of the company’s stock, valued at approximately $1,934,452.50. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, EVP Scott Melbye acquired 21,000 shares of the business’s stock in a transaction on Friday, March 24th. The shares were purchased at an average price of $2.50 per share, for a total transaction of $52,500.00. Following the completion of the purchase, the executive vice president now directly owns 773,781 shares of the company’s stock, valued at approximately $1,934,452.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Amir Adnani acquired 20,000 shares of the business’s stock in a transaction on Friday, March 24th. The shares were purchased at an average price of $2.73 per share, for a total transaction of $54,600.00. Following the purchase, the chief executive officer now directly owns 3,635,101 shares of the company’s stock, valued at $9,923,825.73. The disclosure for this purchase can be found here. Insiders purchased 79,500 shares of company stock valued at $207,585 over the last quarter. Company insiders own 3.70% of the company’s stock.

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

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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.