Uranium Energy (NYSEAMERICAN:UEC) Sets New 1-Year Low - Here's What Happened

Uranium Energy Corp. (NYSEAMERICAN:UEC - Get Free Report)'s share price reached a new 52-week low during trading on Friday . The company traded as low as $3.99 and last traded at $4.13, with a volume of 4224609 shares traded. The stock had previously closed at $4.45.

Analysts Set New Price Targets

Several analysts recently weighed in on UEC shares. Stifel Nicolaus set a $10.50 price objective on Uranium Energy in a research note on Wednesday, March 12th. National Bank Financial began coverage on shares of Uranium Energy in a research note on Wednesday, February 12th. They issued an "outperform" rating and a $10.00 price target on the stock. Stifel Canada upgraded shares of Uranium Energy to a "strong-buy" rating in a research report on Tuesday, March 11th. HC Wainwright restated a "buy" rating and issued a $12.25 target price on shares of Uranium Energy in a research report on Thursday, March 13th. Finally, National Bankshares set a $10.00 price target on shares of Uranium Energy and gave the stock an "outperform" rating in a report on Wednesday, February 12th. Four research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, Uranium Energy currently has a consensus rating of "Buy" and an average price target of $10.60.

Uranium Energy Trading Up 10.5 %

The business has a 50-day simple moving average of $5.68 and a 200 day simple moving average of $6.64. The stock has a market cap of $1.87 billion, a P/E ratio of -36.83 and a beta of 1.88.

Institutional Trading of Uranium Energy

A number of large investors have recently bought and sold shares of UEC. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Uranium Energy by 1.5% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 29,230,344 shares of the basic materials company's stock worth $195,551,000 after acquiring an additional 423,233 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Uranium Energy by 2.5% during the 4th quarter. Vanguard Group Inc. now owns 25,862,079 shares of the basic materials company's stock worth $173,017,000 after purchasing an additional 631,929 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of Uranium Energy by 45.9% in the 4th quarter. JPMorgan Chase & Co. now owns 15,842,713 shares of the basic materials company's stock valued at $105,988,000 after buying an additional 4,982,949 shares during the period. Norges Bank bought a new stake in Uranium Energy in the 4th quarter valued at about $100,773,000. Finally, Driehaus Capital Management LLC raised its stake in Uranium Energy by 52.2% during the 4th quarter. Driehaus Capital Management LLC now owns 9,499,842 shares of the basic materials company's stock worth $63,554,000 after buying an additional 3,259,704 shares during the period. 62.28% of the stock is currently owned by institutional investors and hedge funds.

Uranium Energy Company Profile

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.