Uranium Energy Corp. (NYSEAMERICAN:UEC) Director David Kong Sells 26,000 Shares

Uranium Energy Corp. (NYSEAMERICAN:UECGet Free Report) Director David Kong sold 26,000 shares of the company’s stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $6.81, for a total transaction of $177,060.00. Following the completion of the transaction, the director now owns 154,085 shares of the company’s stock, valued at approximately $1,049,318.85. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Uranium Energy Stock Performance

NYSEAMERICAN:UEC opened at $6.28 on Friday. The company has a 50 day moving average of $5.61. Uranium Energy Corp. has a 12-month low of $2.30 and a 12-month high of $8.34. The firm has a market capitalization of $2.54 billion, a price-to-earnings ratio of -628.00 and a beta of 1.84.

Uranium Energy (NYSEAMERICAN:UECGet Free Report) last issued its quarterly earnings results on Monday, March 11th. The basic materials company reported $0.01 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.01. The business had revenue of $0.12 million for the quarter, compared to analyst estimates of $16.00 million. Uranium Energy had a negative net margin of 8.20% and a negative return on equity of 1.11%. On average, analysts expect that Uranium Energy Corp. will post 0.08 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Uranium Energy

Large investors have recently modified their holdings of the business. Householder Group Estate & Retirement Specialist LLC purchased a new position in Uranium Energy in the third quarter worth $26,000. Millburn Ridgefield Corp acquired a new stake in shares of Uranium Energy in the third quarter valued at about $27,000. Catalyst Capital Advisors LLC purchased a new stake in Uranium Energy during the third quarter worth about $27,000. Farmers & Merchants Trust Co of Chambersburg PA acquired a new position in Uranium Energy during the fourth quarter worth about $27,000. Finally, Apexium Financial LP purchased a new position in Uranium Energy in the first quarter valued at about $29,000. 49.03% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts recently issued reports on UEC shares. HC Wainwright upped their target price on Uranium Energy from $8.25 to $9.75 and gave the company a “buy” rating in a research report on Thursday, January 18th. TD Securities increased their price objective on Uranium Energy from $7.00 to $8.50 and gave the company a “speculative buy” rating in a report on Tuesday, December 12th. Finally, Eight Capital lifted their target price on shares of Uranium Energy from $7.00 to $13.00 and gave the company a “buy” rating in a report on Monday, January 15th. One investment analyst has rated the stock with a sell rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $8.80.

Get Our Latest Stock Report on UEC

Uranium Energy Company Profile

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for Uranium Energy (NYSEAMERICAN:UEC)

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