Royce & Associates LP Boosts Holdings in Uranium Energy Corp. (NYSEAMERICAN:UEC)

Royce & Associates LP boosted its holdings in Uranium Energy Corp. (NYSEAMERICAN:UEC - Free Report) by 61.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 210,000 shares of the basic materials company's stock after buying an additional 80,000 shares during the quarter. Royce & Associates LP's holdings in Uranium Energy were worth $1,405,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of UEC. SG Americas Securities LLC lifted its position in shares of Uranium Energy by 107.6% in the 4th quarter. SG Americas Securities LLC now owns 351,233 shares of the basic materials company's stock worth $2,350,000 after purchasing an additional 182,016 shares during the period. Van ECK Associates Corp increased its stake in Uranium Energy by 33.2% in the fourth quarter. Van ECK Associates Corp now owns 6,602,890 shares of the basic materials company's stock valued at $44,174,000 after purchasing an additional 1,645,919 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new position in shares of Uranium Energy during the 3rd quarter worth about $12,643,000. Intech Investment Management LLC bought a new stake in Uranium Energy in the 3rd quarter valued at about $600,000. Finally, Barclays PLC raised its stake in Uranium Energy by 394.5% during the 3rd quarter. Barclays PLC now owns 697,045 shares of the basic materials company's stock worth $4,329,000 after buying an additional 556,081 shares during the period. Institutional investors own 62.28% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on UEC. HC Wainwright restated a "buy" rating and issued a $12.25 target price on shares of Uranium Energy in a report on Thursday, March 13th. Stifel Canada upgraded Uranium Energy to a "strong-buy" rating in a research note on Tuesday, March 11th. National Bank Financial started coverage on Uranium Energy in a research note on Wednesday, February 12th. They set an "outperform" rating and a $10.00 price target for the company. National Bankshares set a $10.00 target price on Uranium Energy and gave the stock an "outperform" rating in a research note on Wednesday, February 12th. Finally, Stifel Nicolaus set a $10.50 price target on shares of Uranium Energy in a research note on Wednesday, March 12th. Four analysts have rated the stock with a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, Uranium Energy presently has an average rating of "Buy" and an average target price of $10.60.

Remove Ads

Uranium Energy Price Performance

Uranium Energy stock traded down $0.21 during trading hours on Tuesday, reaching $5.32. The company had a trading volume of 6,130,030 shares, compared to its average volume of 7,442,471. Uranium Energy Corp. has a 12-month low of $4.06 and a 12-month high of $8.93. The company has a 50-day moving average price of $6.45 and a 200 day moving average price of $6.83. The firm has a market cap of $2.25 billion, a price-to-earnings ratio of -44.33 and a beta of 1.88.

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.