Uranium Energy Corp. (NYSEAMERICAN:UEC – Get 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:UEC – Get 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
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
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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