Uranium Energy (NYSEAMERICAN:UEC) Shares Down 4.9% – Should You Sell?

Uranium Energy Corp. (NYSEAMERICAN:UEC)’s share price dropped 4.9% during mid-day trading on Wednesday . The stock traded as low as $8.17 and last traded at $8.18. Approximately 4,434,364 shares traded hands during mid-day trading, a decline of 42% from the average daily volume of 7,643,086 shares. The stock had previously closed at $8.60.

Analyst Ratings Changes

UEC has been the topic of several analyst reports. HC Wainwright reaffirmed a “buy” rating and set a $10.25 price target on shares of Uranium Energy in a report on Tuesday, September 24th. Roth Mkm reaffirmed a “buy” rating and issued a $10.25 target price (up previously from $9.75) on shares of Uranium Energy in a report on Wednesday, October 23rd.

Uranium Energy Price Performance

The firm has a market cap of $3.48 billion, a price-to-earnings ratio of -140.98 and a beta of 1.82. The business has a 50 day moving average of $6.44.

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

Insider Transactions at Uranium Energy

In related news, CEO Amir Adnani acquired 60,000 shares of the firm’s stock in a transaction on Friday, September 6th. The shares were acquired at an average cost of $4.10 per share, for a total transaction of $246,000.00. Following the completion of the transaction, the chief executive officer now directly 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Scott Melbye bought 9,500 shares of the company’s stock in a transaction dated Friday, September 6th. The stock was bought at an average price of $4.18 per share, with a total value of $39,710.00. Following the acquisition, the executive vice president now owns 988,031 shares in the company, valued at approximately $4,129,969.58. This trade represents a 0.97 % increase in their position. The disclosure for this purchase can be found here. Insiders own 2.40% of the company’s stock.

Institutional Trading of Uranium Energy

Institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. grew its position in Uranium Energy by 2.4% in the 1st quarter. Vanguard Group Inc. now owns 22,761,516 shares of the basic materials company’s stock valued at $153,640,000 after acquiring an additional 538,703 shares during the last quarter. Driehaus Capital Management LLC grew its holdings in shares of Uranium Energy by 1.0% in the second quarter. Driehaus Capital Management LLC now owns 9,147,972 shares of the basic materials company’s stock worth $54,979,000 after purchasing an additional 90,522 shares during the last quarter. Geode Capital Management LLC increased its stake in Uranium Energy by 1.8% in the 3rd quarter. Geode Capital Management LLC now owns 9,083,449 shares of the basic materials company’s stock worth $56,419,000 after buying an additional 159,921 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Uranium Energy by 18.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 5,954,561 shares of the basic materials company’s stock valued at $35,786,000 after buying an additional 947,773 shares in the last quarter. Finally, Van ECK Associates Corp grew its stake in Uranium Energy by 78.0% in the 3rd 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. 62.28% of the stock is currently owned by institutional investors.

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.