Van ECK Associates Corp Acquires 1,645,919 Shares of Uranium Energy Corp. (NYSEAMERICAN:UEC)

Van ECK Associates Corp increased its stake in shares of Uranium Energy Corp. (NYSEAMERICAN:UEC - Free Report) by 33.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,602,890 shares of the basic materials company's stock after acquiring an additional 1,645,919 shares during the quarter. Van ECK Associates Corp owned about 1.56% of Uranium Energy worth $44,174,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of UEC. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new position in shares of Uranium Energy during the 3rd quarter worth approximately $12,643,000. Segra Capital Management LLC grew its holdings in Uranium Energy by 81.0% during the 3rd quarter. Segra Capital Management LLC now owns 4,036,529 shares of the basic materials company's stock valued at $24,926,000 after buying an additional 1,806,529 shares during the last quarter. The Manufacturers Life Insurance Company raised its holdings in shares of Uranium Energy by 712.5% in the third quarter. The Manufacturers Life Insurance Company now owns 1,821,256 shares of the basic materials company's stock worth $11,310,000 after acquiring an additional 1,597,108 shares during the last quarter. Wellington Management Group LLP acquired a new position in Uranium Energy in the 3rd quarter valued at about $4,512,000. Finally, Barclays PLC boosted its stake in shares of 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 purchasing an additional 556,081 shares during the last quarter. Institutional investors and hedge funds own 62.28% of the company's stock.

Uranium Energy Stock Performance

Shares of UEC traded down $0.59 during trading on Monday, reaching $6.39. The company's stock had a trading volume of 9,785,197 shares, compared to its average volume of 6,495,250. The business's fifty day moving average price is $6.64. The company has a market cap of $2.70 billion, a P/E ratio of -53.25 and a beta of 1.88. Uranium Energy Corp. has a twelve month low of $4.06 and a twelve month high of $8.93.

Analyst Ratings Changes

Several research firms have commented on UEC. Roth Mkm reaffirmed a "buy" rating and issued a $10.25 target price (up from $9.75) on shares of Uranium Energy in a research note on Wednesday, October 23rd. HC Wainwright boosted their target price on shares of Uranium Energy from $10.25 to $11.00 and gave the company a "buy" rating in a report on Monday, December 9th. National Bank Financial began coverage on Uranium Energy in a research note on Wednesday, February 12th. They issued an "outperform" rating and a $10.00 price objective on the stock. Finally, National Bankshares set a $10.00 target price on shares of Uranium Energy and gave the stock an "outperform" rating in a research report on Wednesday, February 12th.

Uranium Energy 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.