Uranium Energy Corp. $UEC Stake Raised by MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Uranium Energy Corp. (NYSEAMERICAN:UEC) by 9.9% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 26,599,686 shares of the basic materials company’s stock after acquiring an additional 2,393,683 shares during the quarter. Uranium Energy accounts for about 0.6% of MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.’s investment portfolio, making the stock its 26th largest holding. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned 0.06% of Uranium Energy worth $354,847,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Ameritas Advisory Services LLC acquired a new position in shares of Uranium Energy in the 3rd quarter valued at about $33,000. Operose Advisors LLC purchased a new stake in shares of Uranium Energy in the second quarter worth approximately $34,000. GPS Wealth Strategies Group LLC boosted its holdings in shares of Uranium Energy by 31.0% during the third quarter. GPS Wealth Strategies Group LLC now owns 4,654 shares of the basic materials company’s stock worth $62,000 after purchasing an additional 1,100 shares during the period. Semus Wealth Partners LLC acquired a new stake in shares of Uranium Energy during the second quarter worth approximately $68,000. Finally, Newbridge Financial Services Group Inc. purchased a new position in Uranium Energy during the third quarter valued at approximately $88,000. Hedge funds and other institutional investors own 62.28% of the company’s stock.

Uranium Energy Stock Performance

NYSEAMERICAN:UEC opened at $13.50 on Tuesday. The company has a market capitalization of $6.62 billion, a P/E ratio of -112.50 and a beta of 1.21. The stock’s 50 day moving average price is $16.06 and its 200 day moving average price is $14.02. Uranium Energy Corp. has a 52 week low of $3.85 and a 52 week high of $20.34.

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

Analyst Ratings Changes

UEC has been the topic of several research reports. TD Securities dropped their price objective on shares of Uranium Energy from $22.00 to $21.00 and set a “buy” rating on the stock in a research note on Wednesday, March 11th. Zacks Research raised shares of Uranium Energy from a “strong sell” rating to a “hold” rating in a research note on Monday, December 1st. The Goldman Sachs Group restated a “buy” rating and set a $18.00 price target on shares of Uranium Energy in a report on Wednesday, February 4th. Roth Mkm reaffirmed a “buy” rating and issued a $16.00 price target on shares of Uranium Energy in a research note on Thursday, December 11th. Finally, National Bank Financial increased their price objective on Uranium Energy from $15.50 to $16.50 and gave the stock an “outperform” rating in a report on Friday, December 19th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average 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.