Uranium Energy Corp. (UEC) Lifted to Hold at Zacks Investment Research
Zacks Investment Research upgraded shares of Uranium Energy Corp. (NYSEMKT:UEC) from a sell rating to a hold rating in a report published on Saturday morning.
According to Zacks, “Uranium Energy Corp is a US-based junior resource company with the objective of becoming a near-term ISR uranium producer in the United States. The Company controls one of the largest historical uranium exploration and development databases in the US. Through the use of these databases, the Company has acquired advanced uranium properties throughout the southwestern US. The operational management is comprised of pre-eminent uranium mining and exploration professionals, whose collective experience in the uranium mining industry gives the Company ongoing uranium mine-finding and uranium mine development expertise. Uranium Energy Corp is well positioned to capitalize on the current alternative energy boom. “
Uranium Energy Corp. (NYSEMKT:UEC) opened at 1.59 on Friday. Uranium Energy Corp. has a 52-week low of $0.81 and a 52-week high of $1.92. The company’s market capitalization is $220.50 million. The firm has a 50 day moving average of $1.58 and a 200-day moving average of $1.48.
A number of large investors have recently made changes to their positions in the company. Sprott Inc. boosted its stake in shares of Uranium Energy Corp. by 41.8% in the second quarter. Sprott Inc. now owns 294,811 shares of the basic materials company’s stock valued at $469,000 after buying an additional 86,925 shares during the period. Goldman Sachs Group Inc. boosted its position in shares of Uranium Energy Corp. by 1,402.1% in the first quarter. Goldman Sachs Group Inc. now owns 552,567 shares of the basic materials company’s stock valued at $785,000 after buying an additional 515,780 shares during the last quarter. Two Sigma Securities LLC purchased a new position in shares of Uranium Energy Corp. during the first quarter valued at $188,000. KCG Holdings Inc. boosted its position in shares of 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 buying an additional 105,326 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of Uranium Energy Corp. by 79.4% in the first quarter. Geode Capital Management LLC now owns 886,863 shares of the basic materials company’s stock valued at $1,259,000 after buying an additional 392,410 shares during the last quarter.
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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