Uranium Energy (NYSEAMERICAN:UEC) Trading Down 4.2% – Here’s What Happened

Uranium Energy Corp. (NYSEAMERICAN:UEC)’s share price dropped 4.2% during mid-day trading on Monday . The company traded as low as $7.95 and last traded at $7.96. Approximately 1,990,172 shares were traded during mid-day trading, a decline of 74% from the average daily volume of 7,638,330 shares. The stock had previously closed at $8.31.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the stock. Roth Mkm reissued a “buy” rating and set a $10.25 price objective (up from $9.75) on shares of Uranium Energy in a research note on Wednesday, October 23rd. HC Wainwright reissued a “buy” rating and set a $10.25 price objective on shares of Uranium Energy in a research note on Tuesday, September 24th.

Uranium Energy Trading Up 1.1 %

The business has a 50 day simple moving average of $6.47. The stock has a market capitalization of $3.37 billion, a PE ratio of -136.48 and a beta of 1.84.

Uranium Energy (NYSEAMERICAN:UEC) last released its earnings results on Thursday, September 26th. The basic materials company reported ($0.03) earnings per share for the quarter. Analysts anticipate that Uranium Energy Corp. will post 0.09 earnings per share for the current fiscal year.

Insider Buying and Selling at Uranium Energy

In related news, EVP Scott Melbye purchased 9,500 shares of Uranium Energy stock in a transaction dated Friday, September 6th. The stock was bought at an average cost of $4.18 per share, with a total value of $39,710.00. Following the purchase, the executive vice president now owns 988,031 shares in the company, valued at approximately $4,129,969.58. The trade was a 0.97 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Amir Adnani purchased 60,000 shares of Uranium Energy stock in a transaction dated Friday, September 6th. The stock was bought at an average cost of $4.10 per share, with a total value of $246,000.00. Following the completion of the purchase, the chief executive officer now owns 4,242,326 shares in the company, valued at approximately $17,393,536.60. This trade represents a 1.43 % increase in their position. The disclosure for this purchase can be found here. 2.40% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Uranium Energy

A number of large investors have recently made changes to their positions in the company. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new position in Uranium Energy during the third quarter valued at approximately $12,643,000. Van ECK Associates Corp grew its position in Uranium Energy by 78.0% in the third quarter. Van ECK Associates Corp now owns 4,956,971 shares of the basic materials company’s stock worth $30,783,000 after acquiring an additional 2,171,468 shares in the last quarter. Intech Investment Management LLC bought a new stake in Uranium Energy in the third quarter worth approximately $600,000. Riggs Asset Managment Co. Inc. bought a new stake in shares of Uranium Energy during the 3rd quarter worth $501,000. Finally, Riverwater Partners LLC bought a new stake in shares of Uranium Energy during the 3rd quarter worth $2,341,000. Institutional investors and hedge funds own 62.28% of the company’s stock.

About Uranium Energy

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.