Uranium Energy Corp. (NYSEMKT:UEC) was downgraded by equities research analysts at Cantor Fitzgerald from a “buy” rating to a “sell” rating in a report released on Thursday, The Fly reports.

A number of other equities analysts also recently commented on UEC. Zacks Investment Research upgraded Uranium Energy Corp. from a “hold” rating to a “buy” rating and set a $1.50 price target for the company in a research note on Wednesday, August 23rd. ValuEngine downgraded Uranium Energy Corp. from a “hold” rating to a “sell” rating in a research note on Friday, September 8th. HC Wainwright reiterated a “buy” rating on shares of Uranium Energy Corp. in a research note on Tuesday, September 12th. Finally, Roth Capital began coverage on Uranium Energy Corp. in a research note on Wednesday. They issued a “buy” rating and a $3.00 price target for the company. Two analysts have rated the stock with a sell rating and three have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $2.25.

Uranium Energy Corp. (NYSEMKT:UEC) traded down 4.24% on Thursday, hitting $1.13. The stock had a trading volume of 369,745 shares. Uranium Energy Corp. has a one year low of $0.81 and a one year high of $1.92. The company’s 50-day moving average is $1.29 and its 200-day moving average is $1.40. The stock’s market cap is $176.12 million.

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Hedge funds have recently modified their holdings of the business. Voya Investment Management LLC acquired a new position in Uranium Energy Corp. in the second quarter valued at approximately $104,000. Nationwide Fund Advisors acquired a new position in Uranium Energy Corp. in the second quarter valued at approximately $121,000. New York State Common Retirement Fund acquired a new position in Uranium Energy Corp. in the second quarter valued at approximately $130,000. KCG Holdings Inc. boosted its stake in Uranium Energy Corp. by 949.2% in the first quarter. KCG Holdings Inc. now owns 116,422 shares of the basic materials company’s stock valued at $165,000 after acquiring an additional 105,326 shares during the period. Finally, Nomura Holdings Inc. acquired a new position in Uranium Energy Corp. in the second quarter valued at approximately $186,000.

Uranium Energy Corp. Company Profile

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).

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