Seven Grand Managers LLC purchased a new position in Uranium Energy Corp. (NYSEAMERICAN:UEC – Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 75,000 shares of the basic materials company’s stock, valued at approximately $876,000.
Several other hedge funds have also recently added to or reduced their stakes in the business. Independent Wealth Network Inc. grew its position in Uranium Energy by 2.0% in the fourth quarter. Independent Wealth Network Inc. now owns 30,514 shares of the basic materials company’s stock worth $356,000 after buying an additional 597 shares during the last quarter. Clear Creek Financial Management LLC grew its position in Uranium Energy by 2.3% in the fourth quarter. Clear Creek Financial Management LLC now owns 28,949 shares of the basic materials company’s stock worth $338,000 after buying an additional 655 shares during the last quarter. U.S. Capital Wealth Advisors LLC grew its position in Uranium Energy by 5.2% in the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 15,778 shares of the basic materials company’s stock worth $184,000 after buying an additional 778 shares during the last quarter. Heritage Family Offices LLP grew its position in Uranium Energy by 5.2% in the fourth quarter. Heritage Family Offices LLP now owns 15,785 shares of the basic materials company’s stock worth $184,000 after buying an additional 785 shares during the last quarter. Finally, Farther Finance Advisors LLC grew its position in Uranium Energy by 3.1% in the fourth quarter. Farther Finance Advisors LLC now owns 27,170 shares of the basic materials company’s stock worth $317,000 after buying an additional 824 shares during the last quarter. Institutional investors and hedge funds own 62.28% of the company’s stock.
Uranium Energy Stock Performance
NYSEAMERICAN UEC opened at $13.44 on Thursday. Uranium Energy Corp. has a twelve month low of $5.63 and a twelve month high of $20.34. The stock has a market cap of $6.59 billion, a price-to-earnings ratio of -112.00 and a beta of 1.17. The firm’s 50 day moving average price is $13.96 and its two-hundred day moving average price is $14.23.
Analyst Ratings Changes
UEC has been the topic of several recent research reports. TD Securities decreased their price target on shares of Uranium Energy from $22.00 to $21.00 and set a “buy” rating on the stock in a research report on Wednesday, March 11th. Roth Mkm set a $17.00 price target on shares of Uranium Energy in a research report on Wednesday, March 11th. HC Wainwright reiterated a “buy” rating and set a $26.75 price objective on shares of Uranium Energy in a research report on Wednesday, May 20th. Finally, The Goldman Sachs Group reiterated a “buy” rating and set a $18.00 price objective on shares of Uranium Energy in a research report on Wednesday, February 4th. 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 company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $17.66.
Check Out Our Latest Report on Uranium Energy
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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