Goehring & Rozencwajg Associates LLC Trims Position in Uranium Energy Corp. (NYSEAMERICAN:UEC)

Goehring & Rozencwajg Associates LLC lessened its stake in Uranium Energy Corp. (NYSEAMERICAN:UEC - Free Report) by 3.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,746,646 shares of the basic materials company's stock after selling 55,838 shares during the quarter. Uranium Energy comprises about 2.5% of Goehring & Rozencwajg Associates LLC's holdings, making the stock its 14th largest holding. Goehring & Rozencwajg Associates LLC owned 0.41% of Uranium Energy worth $12,506,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Strategic Financial Concepts LLC acquired a new position in shares of Uranium Energy in the fourth quarter worth $323,000. Riggs Asset Managment Co. Inc. raised its stake in Uranium Energy by 113.6% during the 4th quarter. Riggs Asset Managment Co. Inc. now owns 172,386 shares of the basic materials company's stock valued at $1,184,000 after acquiring an additional 91,665 shares during the last quarter. DAVENPORT & Co LLC acquired a new stake in shares of Uranium Energy during the fourth quarter worth $140,000. Clear Creek Financial Management LLC lifted its stake in shares of Uranium Energy by 77.6% in the 4th quarter. Clear Creek Financial Management LLC now owns 22,177 shares of the basic materials company's stock worth $148,000 after acquiring an additional 9,690 shares during the period. Finally, KBC Group NV increased its position in Uranium Energy by 62.5% during the 4th quarter. KBC Group NV now owns 18,471 shares of the basic materials company's stock worth $124,000 after purchasing an additional 7,106 shares during the period. Hedge funds and other institutional investors own 62.28% of the company's stock.

Wall Street Analysts Forecast Growth

UEC has been the topic of a number of analyst reports. HC Wainwright raised their target price on shares of Uranium Energy from $10.25 to $11.00 and gave the stock a "buy" rating in a research report on Monday, December 9th. Roth Mkm reissued a "buy" rating and set a $10.25 price target (up from $9.75) on shares of Uranium Energy in a research report on Wednesday, October 23rd. National Bankshares set a $10.00 price target on Uranium Energy and gave the stock an "outperform" rating in a report on Wednesday. Finally, National Bank Financial started coverage on shares of Uranium Energy in a research note on Wednesday. They set an "outperform" rating and a $10.00 target price for the company.

Uranium Energy Trading Up 2.5 %

Shares of UEC traded up $0.17 during midday trading on Wednesday, hitting $7.06. The stock had a trading volume of 6,143,021 shares, compared to its average volume of 6,849,506. Uranium Energy Corp. has a twelve month low of $4.06 and a twelve month high of $8.93. The firm has a market capitalization of $2.99 billion, a price-to-earnings ratio of -58.83 and a beta of 1.88. The firm has a 50 day moving average of $6.64.

Uranium Energy Company Profile

Uranium Energy Corp., together with its subsidiaries, engages in exploration, pre-extraction, extraction, and processing uranium and titanium concentrates in the United States, Canada, and Paraguay. It owns interests in the Palangana mine, Goliad, Burke Hollow, Longhorn, and Salvo projects located in Texas; Anderson, Workman Creek, and Los Cuatros projects situated in Arizona; Dalton Pass and C de Baca project located in New Mexico; Roughrider, Shea Creek, Christie Lake, Horseshoe-Raven, Hidden Bay, Diabase, West Bear, JCU, and other project located in Canada; and Yuty, Oviedo, and Alto Paraná titanium projects in Paraguay.