ARP Global Capital Ltd Purchases New Shares in Uranium Energy Corp. $UEC

ARP Global Capital Ltd purchased a new position in shares of Uranium Energy Corp. (NYSEAMERICAN:UEC) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 98,500 shares of the basic materials company’s stock, valued at approximately $1,150,000. Uranium Energy accounts for about 0.3% of ARP Global Capital Ltd’s portfolio, making the stock its 26th biggest holding.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Hsbc Holdings PLC bought a new position in shares of Uranium Energy during the fourth quarter worth approximately $2,857,000. Caitong International Asset Management Co. Ltd bought a new stake in shares of Uranium Energy in the fourth quarter valued at approximately $39,000. Pacer Advisors Inc. bought a new stake in shares of Uranium Energy in the fourth quarter valued at approximately $2,190,000. T. Rowe Price Investment Management Inc. acquired a new stake in Uranium Energy during the fourth quarter worth approximately $16,578,000. Finally, TMB Capital Partners LLC acquired a new stake in Uranium Energy during the fourth quarter worth approximately $117,000. Institutional investors and hedge funds own 62.28% of the company’s stock.

Uranium Energy Price Performance

NYSEAMERICAN UEC opened at $13.41 on Friday. The business has a fifty day moving average price of $16.07 and a two-hundred day moving average price of $13.97. The stock has a market capitalization of $6.48 billion, a PE ratio of -111.75 and a beta of 1.21. Uranium Energy Corp. has a fifty-two week low of $3.85 and a fifty-two week high of $20.34.

Uranium Energy (NYSEAMERICAN:UEC) last issued its quarterly earnings results on Tuesday, March 10th. The basic materials company reported ($0.03) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.03). The business had revenue of $20.20 million during the quarter, compared to the consensus estimate of $12.85 million. As a group, sell-side analysts expect that Uranium Energy Corp. will post 0.01 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on UEC. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $18.00 price objective on shares of Uranium Energy in a report on Wednesday, February 4th. Roth Mkm reissued a “buy” rating and set a $16.00 target price on shares of Uranium Energy in a report on Thursday, December 11th. National Bank Financial raised their price target on Uranium Energy from $15.50 to $16.50 and gave the stock an “outperform” rating in a research report on Friday, December 19th. TD Securities dropped their price target on Uranium Energy from $22.00 to $21.00 and set a “buy” rating for the company in a research note on Wednesday. Finally, HC Wainwright upped their price objective on shares of Uranium Energy from $26.50 to $26.75 and gave the stock a “buy” rating in a research report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, Uranium Energy currently has an average rating of “Moderate Buy” and a consensus price target of $17.53.

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.