Mountaineer Partners Management LLC Invests $4.28 Million in Uranium Energy Corp. $UEC

Mountaineer Partners Management LLC acquired a new stake in shares of Uranium Energy Corp. (NYSEAMERICAN:UEC) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor acquired 320,952 shares of the basic materials company’s stock, valued at approximately $4,282,000. Uranium Energy comprises approximately 2.5% of Mountaineer Partners Management LLC’s investment portfolio, making the stock its 18th biggest position.

Other large investors also recently modified their holdings of the company. Norges Bank purchased a new stake in Uranium Energy in the second quarter worth approximately $105,058,000. Vanguard Group Inc. grew its position in Uranium Energy by 34.5% during the third quarter. Vanguard Group Inc. now owns 35,726,216 shares of the basic materials company’s stock valued at $476,588,000 after acquiring an additional 9,159,024 shares during the last quarter. Caxton Associates LLP raised its stake in shares of Uranium Energy by 11,233.4% during the second quarter. Caxton Associates LLP now owns 4,093,058 shares of the basic materials company’s stock worth $27,833,000 after acquiring an additional 4,056,943 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Uranium Energy by 9.9% in the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 26,599,686 shares of the basic materials company’s stock worth $354,847,000 after acquiring an additional 2,393,683 shares during the last quarter. Finally, State Street Corp lifted its holdings in shares of Uranium Energy by 9.5% in the 2nd quarter. State Street Corp now owns 23,046,686 shares of the basic materials company’s stock worth $156,717,000 after acquiring an additional 2,000,516 shares during the last quarter. 62.28% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on UEC shares. Roth Mkm reaffirmed a “buy” rating and issued a $16.00 price objective on shares of Uranium Energy in a research note on Thursday, December 11th. Zacks Research upgraded shares of Uranium Energy from a “strong sell” rating to a “hold” rating in a research report on Monday, December 1st. TD Securities cut their price target on shares of Uranium Energy from $22.00 to $21.00 and set a “buy” rating for the company in a research report on Wednesday, March 11th. HC Wainwright upped their price target on shares of Uranium Energy from $26.50 to $26.75 and gave the company a “buy” rating in a research report on Wednesday, March 11th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and set a $18.00 price objective on shares of Uranium Energy in a research note on Wednesday, February 4th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, Uranium Energy has a consensus rating of “Moderate Buy” and a consensus target price of $17.53.

Uranium Energy Stock Performance

NYSEAMERICAN:UEC opened at $13.50 on Tuesday. Uranium Energy Corp. has a fifty-two week low of $3.85 and a fifty-two week high of $20.34. The firm has a market cap of $6.62 billion, a PE ratio of -112.50 and a beta of 1.21. The business has a 50 day moving average price of $16.06 and a 200-day moving average price of $14.02.

Uranium Energy (NYSEAMERICAN:UEC) last issued its earnings results on Tuesday, March 10th. The basic materials company reported ($0.03) EPS for the quarter, hitting the consensus estimate of ($0.03). The firm had revenue of $20.20 million during the quarter, compared to analysts’ expectations of $12.85 million. Research analysts predict that Uranium Energy Corp. will post 0.01 EPS for the current year.

Uranium Energy 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.