Uranium Energy Corp. (NYSEMKT:UEC) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Tuesday.

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) traded up 1.53% during mid-day trading on Tuesday, hitting $1.33. The stock had a trading volume of 706,124 shares. The stock’s market cap is $184.44 million. Uranium Energy Corp. has a one year low of $0.81 and a one year high of $1.92. The company has a 50 day moving average price of $1.52 and a 200 day moving average price of $1.46.

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Institutional investors have recently added to or reduced their stakes in the company. Global X Management Co. LLC increased its position in Uranium Energy Corp. by 111.0% in the first quarter. Global X Management Co. LLC now owns 13,258,078 shares of the basic materials company’s stock worth $18,826,000 after buying an additional 6,975,348 shares during the last quarter. JPMorgan Chase & Co. increased its position in Uranium Energy Corp. by 50.3% in the first quarter. JPMorgan Chase & Co. now owns 5,400,192 shares of the basic materials company’s stock worth $7,669,000 after buying an additional 1,807,776 shares during the last quarter. State Street Corp increased its position in Uranium Energy Corp. by 3,975.8% in the second quarter. State Street Corp now owns 1,774,011 shares of the basic materials company’s stock worth $2,818,000 after buying an additional 1,730,485 shares during the last quarter. Northern Trust Corp increased its position in Uranium Energy Corp. by 441.2% in the second quarter. Northern Trust Corp now owns 1,517,722 shares of the basic materials company’s stock worth $2,413,000 after buying an additional 1,237,289 shares during the last quarter. Finally, Vanguard Group Inc. increased its position in Uranium Energy Corp. by 23.6% in the first quarter. Vanguard Group Inc. now owns 4,888,279 shares of the basic materials company’s stock worth $6,942,000 after buying an additional 934,513 shares during the last quarter.

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).

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