Uranium Energy Corp. $UEC Shares Newly Bought by Bokf Na

Bokf Na purchased a new stake in shares of Uranium Energy Corp. (NYSEAMERICAN:UEC) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 300,000 shares of the basic materials company’s stock, valued at approximately $2,835,000.

Other hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new position in shares of Uranium Energy in the 2nd quarter worth about $432,676,000. Van ECK Associates Corp lifted its position in Uranium Energy by 21.8% in the 2nd quarter. Van ECK Associates Corp now owns 29,034,465 shares of the basic materials company’s stock worth $309,507,000 after buying an additional 5,191,738 shares during the last quarter. Encompass Capital Advisors LLC bought a new stake in Uranium Energy in the 1st quarter worth approximately $40,500,000. Wellington Management Group LLP lifted its position in Uranium Energy by 62.2% in the 2nd quarter. Wellington Management Group LLP now owns 5,310,825 shares of the basic materials company’s stock worth $56,613,000 after buying an additional 2,035,586 shares during the last quarter. Finally, Bank of New York Mellon Corp purchased a new stake in Uranium Energy in the second quarter worth approximately $19,170,000. Institutional investors own 62.28% of the company’s stock.

Uranium Energy Trading Down 5.4%

NYSEAMERICAN UEC opened at $7.71 on Friday. The firm has a market cap of $3.82 billion, a PE ratio of -27.53 and a beta of 1.38. Uranium Energy Corp. has a 1-year low of $6.75 and a 1-year high of $20.34. The stock has a 50-day moving average of $9.87 and a 200-day moving average of $12.54.

Uranium Energy (NYSEAMERICAN:UEC) last posted its quarterly earnings results on Tuesday, September 29th. The basic materials company reported ($0.12) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by ($0.08). The company had revenue of $17.05 million during the quarter, compared to analyst estimates of $9.00 million. As a group, equities research analysts forecast that Uranium Energy Corp. will post -0.20 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. Zacks Research cut shares of Uranium Energy from a “hold” rating to a “strong sell” rating in a research report on Monday, October 5th. Jefferies Financial Group started coverage on shares of Uranium Energy in a report on Thursday, September 3rd. They issued a “hold” rating and a $11.50 price objective for the company. National Bank Financial cut their price objective on shares of Uranium Energy from $16.00 to $15.00 and set an “outperform” rating for the company in a research note on Monday, October 5th. Royal Bank Of Canada began coverage on shares of Uranium Energy in a report on Friday, October 2nd. They set a “sector perform” rating and a $10.00 target price on the stock. Finally, HC Wainwright reiterated a “buy” rating and issued a $26.75 target price on shares of Uranium Energy in a research report on Wednesday, September 30th. Five research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $16.75.

Uranium Energy Profile

Uranium Energy Corp. is a uranium mining and exploration company focused on developing and producing uranium in the United States. The company uses in-situ recovery (ISR) technology, which extracts uranium from underground deposits by circulating a solution through the orebody and processing the recovered materials into uranium concentrate, commonly known as yellowcake.

Uranium Energy’s U.S. assets include projects and processing infrastructure in South Texas and Wyoming. Its South Texas operations include the Hobson processing plant and nearby ISR projects, while its Wyoming portfolio includes the Christensen Ranch and other properties in the Powder River Basin.