ValuEngine lowered shares of Uranium Energy Corp. (NYSEMKT:UEC) from a hold rating to a sell rating in a research report report published on Friday morning.

Separately, Zacks Investment Research downgraded Uranium Energy Corp. from a buy rating to a hold rating in a research report on Saturday, August 19th.

Uranium Energy Corp. (NYSEMKT UEC) traded down 2.26% during trading on Friday, hitting $1.30. The stock had a trading volume of 540,856 shares. The company’s 50 day moving average is $1.42 and its 200-day moving average is $1.43. The company’s market cap is $180.28 million. Uranium Energy Corp. has a 12 month low of $0.81 and a 12 month high of $1.92.

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A number of hedge funds have recently bought and sold shares of UEC. Global X Management Co. LLC increased its stake in Uranium Energy Corp. by 111.0% during 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 acquiring an additional 6,975,348 shares during the last quarter. JPMorgan Chase & Co. increased its stake in Uranium Energy Corp. by 50.3% during the first quarter. JPMorgan Chase & Co. now owns 5,400,192 shares of the basic materials company’s stock worth $7,669,000 after acquiring an additional 1,807,776 shares during the last quarter. State Street Corp increased its stake in Uranium Energy Corp. by 3,975.8% during the second quarter. State Street Corp now owns 1,774,011 shares of the basic materials company’s stock worth $2,818,000 after acquiring an additional 1,730,485 shares during the last quarter. Northern Trust Corp increased its stake in Uranium Energy Corp. by 441.2% during the second quarter. Northern Trust Corp now owns 1,517,722 shares of the basic materials company’s stock worth $2,413,000 after acquiring an additional 1,237,289 shares during the last quarter. Finally, Vanguard Group Inc. increased its stake in Uranium Energy Corp. by 23.6% during the first quarter. Vanguard Group Inc. now owns 4,888,279 shares of the basic materials company’s stock worth $6,942,000 after acquiring 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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