Uranium Energy Corp. (NYSEAMERICAN:UEC) Shares Bought by MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Uranium Energy Corp. (NYSEAMERICAN:UEC) by 1.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 29,230,344 shares of the basic materials company’s stock after purchasing an additional 423,233 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned 6.91% of Uranium Energy worth $195,551,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of UEC. Norges Bank acquired a new position in Uranium Energy during the fourth quarter worth approximately $100,773,000. JPMorgan Chase & Co. boosted its holdings in Uranium Energy by 45.9% in the fourth quarter. JPMorgan Chase & Co. now owns 15,842,713 shares of the basic materials company’s stock valued at $105,988,000 after acquiring an additional 4,982,949 shares during the last quarter. Ameriprise Financial Inc. boosted its holdings in Uranium Energy by 239.4% in the fourth quarter. Ameriprise Financial Inc. now owns 6,731,148 shares of the basic materials company’s stock valued at $45,036,000 after acquiring an additional 4,748,138 shares during the last quarter. Driehaus Capital Management LLC boosted its holdings in Uranium Energy by 52.2% in the fourth quarter. Driehaus Capital Management LLC now owns 9,499,842 shares of the basic materials company’s stock valued at $63,554,000 after acquiring an additional 3,259,704 shares during the last quarter. Finally, Emerald Advisers LLC acquired a new position in Uranium Energy in the fourth quarter valued at $11,114,000. 62.28% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on UEC shares. Stifel Nicolaus set a $10.50 target price on Uranium Energy in a research note on Wednesday, March 12th. Stifel Canada upgraded Uranium Energy to a “strong-buy” rating in a research note on Tuesday, March 11th. HC Wainwright reissued a “buy” rating and set a $12.25 target price on shares of Uranium Energy in a research report on Thursday, March 13th. National Bank Financial initiated coverage on shares of Uranium Energy in a research report on Wednesday, February 12th. They set an “outperform” rating and a $10.00 target price 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. Four analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Uranium Energy presently has an average rating of “Buy” and a consensus price target of $10.60.

Uranium Energy Price Performance

UEC stock opened at $5.70 on Monday. Uranium Energy Corp. has a 12 month low of $3.85 and a 12 month high of $8.93. The firm has a market cap of $2.41 billion, a PE ratio of -47.50 and a beta of 1.88. The firm has a 50 day simple moving average of $5.04 and a 200 day simple moving average of $6.47.

About Uranium Energy

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.