Uranium Energy Corp. (NYSEMKT:UEC) was downgraded by ValuEngine from a “hold” rating to a “sell” rating in a research note issued to investors on Friday.

Separately, Zacks Investment Research raised shares of Uranium Energy Corp. from a “hold” rating to a “buy” rating and set a $1.50 target price on the stock in a research report on Wednesday, August 23rd.

Uranium Energy Corp. (UEC) opened at 1.30 on Friday. Uranium Energy Corp. has a 12-month low of $0.81 and a 12-month high of $1.92. The firm’s 50 day moving average price is $1.42 and its 200-day moving average price is $1.43. The stock’s market cap is $180.28 million.

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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Bank of New York Mellon Corp grew its holdings in Uranium Energy Corp. by 4.6% in the first quarter. Bank of New York Mellon Corp now owns 123,344 shares of the basic materials company’s stock worth $174,000 after purchasing an additional 5,423 shares during the last quarter. SG Americas Securities LLC grew its holdings in Uranium Energy Corp. by 37.0% in the first quarter. SG Americas Securities LLC now owns 240,674 shares of the basic materials company’s stock worth $342,000 after purchasing an additional 64,943 shares during the last quarter. Voya Investment Management LLC purchased a new position in Uranium Energy Corp. in the second quarter worth $104,000. Commerzbank Aktiengesellschaft FI lifted its stake in shares of Uranium Energy Corp. by 9.9% during the second quarter. Commerzbank Aktiengesellschaft FI now owns 783,379 shares of the basic materials company’s stock worth $1,246,000 after buying an additional 70,693 shares during the period. Finally, Nationwide Fund Advisors acquired a new stake in shares of Uranium Energy Corp. during the second quarter worth $121,000.

About Uranium Energy Corp.

Uranium Energy Corp. is engaged in uranium mining and related activities, including exploration, pre-extraction, extraction and processing of uranium concentrates, on projects located in the United States and Paraguay. The Company utilizes in-situ recovery (ISR) mining. The Company has uranium mine located in the state of Texas, the Palangana Mine, which utilizes ISR mining and extracts uranium oxide (U3O8).

To view ValuEngine’s full report, visit ValuEngine’s official website.

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