Kercheville Advisors LLC Lowers Position in Uranium Energy Corp. $UEC

Kercheville Advisors LLC cut its stake in shares of Uranium Energy Corp. (NYSEAMERICAN:UEC) by 49.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 60,550 shares of the basic materials company’s stock after selling 60,350 shares during the period. Kercheville Advisors LLC’s holdings in Uranium Energy were worth $817,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of UEC. Sound Income Strategies LLC raised its holdings in shares of Uranium Energy by 159.1% in the fourth quarter. Sound Income Strategies LLC now owns 3,094 shares of the basic materials company’s stock valued at $36,000 after purchasing an additional 1,900 shares during the last quarter. Caitong International Asset Management Co. Ltd purchased a new position in Uranium Energy during the fourth quarter worth about $39,000. PenderFund Capital Management Ltd. bought a new stake in Uranium Energy in the 4th quarter worth about $39,000. Strategic Advocates LLC bought a new stake in Uranium Energy in the 3rd quarter worth about $40,000. Finally, EFG International AG purchased a new stake in Uranium Energy in the 4th quarter valued at about $47,000. 62.28% of the stock is owned by hedge funds and other institutional investors.

Uranium Energy Stock Performance

Shares of UEC stock opened at $11.34 on Wednesday. The firm has a market cap of $5.61 billion, a price-to-earnings ratio of -94.50 and a beta of 1.12. Uranium Energy Corp. has a 52 week low of $5.90 and a 52 week high of $20.34. The firm’s 50-day simple moving average is $13.58 and its two-hundred day simple moving average is $14.27.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. TD Securities dropped their target price on shares of Uranium Energy from $22.00 to $21.00 and set a “buy” rating on the stock in a research report on Wednesday, March 11th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $16.00 price target on shares of Uranium Energy in a research report on Tuesday, June 9th. HC Wainwright reiterated a “buy” rating and set a $26.75 price target on shares of Uranium Energy in a report on Wednesday, June 10th. Finally, Roth Mkm set a $17.00 price objective on Uranium Energy in a research report on Wednesday, March 11th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Uranium Energy currently has a consensus rating of “Moderate Buy” and an average price target of $17.41.

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.