Norges Bank acquired a new stake in Uranium Energy Corp. (NYSEAMERICAN:UEC - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 15,063,253 shares of the basic materials company's stock, valued at approximately $100,773,000. Norges Bank owned 3.56% of Uranium Energy at the end of the most recent quarter.
Other hedge funds and other institutional investors have also modified their holdings of the company. Harbour Investments Inc. increased its stake in Uranium Energy by 947.4% during the fourth quarter. Harbour Investments Inc. now owns 3,886 shares of the basic materials company's stock valued at $26,000 after acquiring an additional 3,515 shares during the period. GAMMA Investing LLC grew its holdings in shares of Uranium Energy by 180.1% during the 4th quarter. GAMMA Investing LLC now owns 4,338 shares of the basic materials company's stock worth $29,000 after purchasing an additional 2,789 shares in the last quarter. Generali Investments Management Co LLC bought a new stake in shares of Uranium Energy during the fourth quarter valued at approximately $30,000. National Bank of Canada FI raised its stake in shares of Uranium Energy by 29.7% in the third quarter. National Bank of Canada FI now owns 7,485 shares of the basic materials company's stock valued at $46,000 after purchasing an additional 1,713 shares in the last quarter. Finally, Stonehage Fleming Financial Services Holdings Ltd lifted its position in Uranium Energy by 21.1% in the fourth quarter. Stonehage Fleming Financial Services Holdings Ltd now owns 7,870 shares of the basic materials company's stock worth $53,000 after purchasing an additional 1,370 shares during the period. Institutional investors and hedge funds own 62.28% of the company's stock.
Wall Street Analyst Weigh In
A number of brokerages have recently issued reports on UEC. Stifel Canada upgraded shares of Uranium Energy to a "strong-buy" rating in a research note on Tuesday, March 11th. National Bankshares set a $10.00 price target on shares of Uranium Energy and gave the stock an "outperform" rating in a research report on Wednesday, February 12th. Stifel Nicolaus set a $10.50 price objective on Uranium Energy in a research note on Wednesday, March 12th. HC Wainwright restated a "buy" rating and set a $12.25 target price on shares of Uranium Energy in a research report on Thursday, March 13th. Finally, National Bank Financial initiated coverage on Uranium Energy in a research report on Wednesday, February 12th. They issued an "outperform" rating and a $10.00 price target on the stock. Four research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Uranium Energy has a consensus rating of "Buy" and an average price target of $10.60.
Get Our Latest Stock Report on UEC
Uranium Energy Trading Down 5.2 %
Shares of Uranium Energy stock traded down $0.23 during trading on Friday, reaching $4.22. The company's stock had a trading volume of 13,053,312 shares, compared to its average volume of 7,570,017. Uranium Energy Corp. has a one year low of $3.99 and a one year high of $8.93. The stock has a 50-day moving average price of $6.03 and a two-hundred day moving average price of $6.71. The stock has a market capitalization of $1.79 billion, a P/E ratio of -35.17 and a beta of 1.88.
About Uranium Energy
(
Free Report)
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.
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