Why Uranium Energy Stock Just Dropped
Uranium Energy (NYSEMKT: UEC) stock slipped 2% through 10:45 a.m. ET Thursday after BMO Capital pulled its outperform rating and downgraded Uranium Energy to market perform.
Uranium Energy shares have more than doubled over the last 12 months, but BMO thinks this stock's run is done, and values Uranium Energy at $14, just a hair above its current share price of $13 and change.
For this reason, BMO's of the opinion it's time to step to the sidelines and seek better bargains among nuclear stocks.
Source Fool.com
Bank of Montreal Stock
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