Van ECK Associates Corp raised its position in shares of Uranium Energy Corp. (NYSEAMERICAN:UEC – Free Report) by 25.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 19,665,665 shares of the basic materials company’s stock after buying an additional 3,969,046 shares during the period. Van ECK Associates Corp owned about 4.07% of Uranium Energy worth $229,695,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds also recently modified their holdings of UEC. Ameritas Advisory Services LLC acquired a new stake in shares of Uranium Energy during the third quarter worth approximately $33,000. Sound Income Strategies LLC increased its holdings in shares of Uranium Energy by 159.1% during the fourth quarter. Sound Income Strategies LLC now owns 3,094 shares of the basic materials company’s stock worth $36,000 after buying an additional 1,900 shares in the last quarter. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Uranium Energy during the fourth quarter worth approximately $39,000. Strategic Advocates LLC acquired a new stake in shares of Uranium Energy during the third quarter worth approximately $40,000. Finally, N.E.W. Advisory Services LLC acquired a new stake in shares of Uranium Energy during the fourth quarter worth approximately $53,000. Institutional investors and hedge funds own 62.28% of the company’s stock.
Wall Street Analyst Weigh In
Several analysts have recently weighed in on UEC shares. TD Securities dropped their price objective 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. HC Wainwright reissued a “buy” rating and issued a $26.75 price target on shares of Uranium Energy in a report on Wednesday. The Goldman Sachs Group reissued a “buy” rating and issued a $16.00 price target on shares of Uranium Energy in a report on Tuesday. Finally, Roth Mkm set a $17.00 price target on shares of Uranium Energy in a report on Wednesday, March 11th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $17.41.
Uranium Energy Price Performance
Shares of Uranium Energy stock opened at $11.03 on Friday. The firm has a market cap of $5.46 billion, a P/E ratio of -91.92 and a beta of 1.12. The firm has a 50 day simple moving average of $13.84 and a 200 day simple moving average of $14.28. Uranium Energy Corp. has a fifty-two week low of $5.90 and a fifty-two week high of $20.34.
Uranium Energy (NYSEAMERICAN:UEC – Get Free Report) last issued its quarterly earnings results on Tuesday, March 10th. The basic materials company reported ($0.03) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.03). The company had revenue of $20.20 million during the quarter, compared to analyst estimates of $12.85 million. On average, sell-side analysts expect that Uranium Energy Corp. will post -0.15 EPS for the current year.
Uranium Energy Company Profile
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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