Two Analysts Downgrade Uranium Energy (UEC) to Sector Perform
Shares of Uranium Energy (AMEX: UEC) are being sold this morning follow several analyst downgrades earlier. The company announced yesterday morning that it has raised $22 million in a private placement.
An analyst at RBC Capital moved the firm's investment rating on Uranium Energy from Outperform to Sector Perform, while National Bank downgraded the stock from Outperform to Sector Perform, also boosting the stock's price target from $2.70 to $3.50.
With shares of UEC trading down 5% to $2.99 today, the National Bank price target represents potential price appreciation of about 17% from current levels.
Investors are also responding to news that Uranium Energy has officially been added to the Russell 2000 and 3000 Indexes.
Click here to see all the analyst action on shares of Uranium Energy.
Create E-mail AlertRelated Categories
DowngradesInsiders' Blog
Stocks Mentioned
-0.20Related Entities
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
