Legal & General Group Plc purchased a new stake in shares of Uranium Energy Corp. (NYSEAMERICAN:UEC – Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 490,507 shares of the basic materials company’s stock, valued at approximately $5,229,000. Legal & General Group Plc owned 0.10% of Uranium Energy at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd purchased a new position in Uranium Energy during the 4th quarter valued at about $39,000. PenderFund Capital Management Ltd. bought a new position in shares of Uranium Energy during the fourth quarter valued at approximately $39,000. EFG International AG bought a new position in shares of Uranium Energy during the fourth quarter valued at approximately $47,000. Longview Financial Advisors Inc. purchased a new position in Uranium Energy during the first quarter valued at approximately $52,000. Finally, Allworth Financial LP increased its holdings in Uranium Energy by 177.6% during the fourth quarter. Allworth Financial LP now owns 4,714 shares of the basic materials company’s stock valued at $55,000 after buying an additional 3,016 shares during the period. 62.28% of the stock is currently owned by institutional investors.
Uranium Energy Stock Down 0.9%
NYSEAMERICAN UEC opened at $11.51 on Friday. Uranium Energy Corp. has a 52 week low of $8.90 and a 52 week high of $20.34. The company has a 50 day moving average price of $10.80 and a 200 day moving average price of $12.71. The firm has a market cap of $5.70 billion, a PE ratio of -95.92 and a beta of 1.23.
Analyst Upgrades and Downgrades
A number of research firms have weighed in on UEC. HC Wainwright restated a “buy” rating on shares of Uranium Energy in a report on Wednesday, August 26th. The Goldman Sachs Group reissued a “buy” rating and issued a $16.00 price target on shares of Uranium Energy in a research report on Tuesday, June 9th. Finally, Jefferies Financial Group started coverage on Uranium Energy in a research note on Thursday. They set a “hold” rating and a $11.50 price objective for the company. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $16.75.
Get Our Latest Analysis on UEC
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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