Geode Capital Management LLC boosted its position in shares of Uranium Energy Corp. (NYSEAMERICAN:UEC – Free Report) by 13.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 11,449,334 shares of the basic materials company’s stock after acquiring an additional 1,355,701 shares during the period. Geode Capital Management LLC’s holdings in Uranium Energy were worth $133,751,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in UEC. Vanguard Group Inc. grew its holdings in Uranium Energy by 32.2% during the 4th quarter. Vanguard Group Inc. now owns 47,247,813 shares of the basic materials company’s stock worth $551,854,000 after acquiring an additional 11,521,597 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Uranium Energy by 9.9% during the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 26,599,686 shares of the basic materials company’s stock worth $354,847,000 after acquiring an additional 2,393,683 shares in the last quarter. State Street Corp grew its holdings in Uranium Energy by 9.5% during the 2nd quarter. State Street Corp now owns 23,046,686 shares of the basic materials company’s stock worth $156,717,000 after acquiring an additional 2,000,516 shares in the last quarter. Invesco Ltd. grew its holdings in Uranium Energy by 235.9% during the 3rd quarter. Invesco Ltd. now owns 2,844,239 shares of the basic materials company’s stock worth $37,942,000 after acquiring an additional 1,997,550 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA acquired a new position in Uranium Energy during the 4th quarter worth approximately $22,260,000. Institutional investors and hedge funds own 62.28% of the company’s stock.
Uranium Energy Trading Up 0.4%
Shares of Uranium Energy stock opened at $14.14 on Friday. The company has a fifty day simple moving average of $14.08 and a 200-day simple moving average of $14.31. Uranium Energy Corp. has a 12-month low of $5.90 and a 12-month high of $20.34. The stock has a market cap of $6.93 billion, a price-to-earnings ratio of -117.83 and a beta of 1.12.
Analysts Set New Price Targets
Several research analysts have commented on the stock. HC Wainwright reiterated a “buy” rating and set a $26.75 price target on shares of Uranium Energy in a report on Wednesday, May 20th. Roth Mkm set a $17.00 target price on shares of Uranium Energy in a report on Wednesday, March 11th. Finally, TD Securities lowered their target price on shares of Uranium Energy from $22.00 to $21.00 and set a “buy” rating for the company in a report on Wednesday, March 11th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $17.66.
Get Our Latest Analysis on UEC
About Uranium Energy
Uranium Energy Corp. is a uranium mining and exploration company focused on the development and production of uranium through in-situ recovery (ISR) methods. The company’s core activities include operating ISR projects, advancing exploration properties, and engaging in joint ventures to secure uranium supply for nuclear power generation. Uranium Energy’s approach emphasizes environmentally conscious extraction techniques that minimize land disturbance and water usage compared with conventional mining.
The company’s primary producing asset is the Hobson ISR facility in South Texas, which commenced production to supply uranium concentrate to nuclear utilities.
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