Uranium Energy (NYSEAMERICAN:UEC) Shares Down 7.2% - Time to Sell?

Uranium Energy Corp. (NYSEAMERICAN:UEC - Get Free Report)'s stock price fell 7.2% on Friday . The company traded as low as $6.58 and last traded at $6.48. 5,497,004 shares traded hands during mid-day trading, a decline of 19% from the average session volume of 6,813,650 shares. The stock had previously closed at $6.98.

Wall Street Analyst Weigh In

Several brokerages have commented on UEC. HC Wainwright raised their target price on shares of Uranium Energy from $10.25 to $11.00 and gave the stock a "buy" rating in a report on Monday, December 9th. National Bankshares set a $10.00 price target on shares of Uranium Energy and gave the stock an "outperform" rating in a research note on Wednesday, February 12th. Roth Mkm reaffirmed a "buy" rating and set a $10.25 price target (up from $9.75) on shares of Uranium Energy in a research note on Wednesday, October 23rd. Finally, National Bank Financial assumed coverage on shares of Uranium Energy in a research note on Wednesday, February 12th. They set an "outperform" rating and a $10.00 price target for the company.

Uranium Energy Trading Down 0.2 %

The company has a market capitalization of $2.53 billion, a price-to-earnings ratio of -49.83 and a beta of 1.88. The stock's 50 day moving average price is $6.64.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of UEC. Norges Bank bought a new stake in shares of Uranium Energy during the fourth quarter worth about $100,773,000. JPMorgan Chase & Co. grew its holdings in shares of Uranium Energy by 45.9% during the fourth quarter. JPMorgan Chase & Co. now owns 15,842,713 shares of the basic materials company's stock worth $105,988,000 after purchasing an additional 4,982,949 shares during the last quarter. Ameriprise Financial Inc. grew its holdings in shares of Uranium Energy by 239.4% during the fourth quarter. Ameriprise Financial Inc. now owns 6,731,148 shares of the basic materials company's stock worth $45,036,000 after purchasing an additional 4,748,138 shares during the last quarter. Driehaus Capital Management LLC grew its holdings in shares of Uranium Energy by 52.2% during the fourth quarter. Driehaus Capital Management LLC now owns 9,499,842 shares of the basic materials company's stock worth $63,554,000 after purchasing an additional 3,259,704 shares during the last quarter. Finally, Van ECK Associates Corp grew its holdings in shares of Uranium Energy by 78.0% during 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 purchasing an additional 2,171,468 shares during the last quarter. Institutional investors 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.