Ancora Advisors LLC Invests $935,000 in Uranium Energy Corp. $UEC

Ancora Advisors LLC acquired a new position in shares of Uranium Energy Corp. (NYSEAMERICAN:UEC - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 87,674 shares of the basic materials company's stock, valued at approximately $935,000.

A number of other large investors have also recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd bought a new stake in shares of Uranium Energy during the 4th quarter worth approximately $39,000. PenderFund Capital Management Ltd. bought a new position in Uranium Energy in the fourth quarter valued at approximately $39,000. EFG International AG acquired a new position in Uranium Energy during the fourth quarter valued at approximately $47,000. Longview Financial Advisors Inc. acquired a new position in Uranium Energy during the first quarter valued at approximately $52,000. Finally, Allworth Financial LP lifted its stake in Uranium Energy by 177.6% during the fourth quarter. Allworth Financial LP now owns 4,714 shares of the basic materials company's stock worth $55,000 after purchasing an additional 3,016 shares during the last quarter. 62.28% of the stock is currently owned by institutional investors and hedge funds.

Uranium Energy Stock Up 3.7%

NYSEAMERICAN UEC opened at $13.62 on Friday. The company has a market cap of $6.74 billion, a price-to-earnings ratio of -113.50 and a beta of 1.22. Uranium Energy Corp. has a twelve month low of $8.90 and a twelve month high of $20.34. The business's fifty day moving average is $10.73 and its 200 day moving average is $12.86.

Uranium Energy (NYSEAMERICAN:UEC - Get Free Report) last issued its earnings results on Tuesday, June 9th. The basic materials company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.03) by ($0.04). On average, research analysts anticipate that Uranium Energy Corp. will post -0.15 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on UEC shares. The Goldman Sachs Group reaffirmed a "buy" rating and issued a $16.00 target price on shares of Uranium Energy in a report on Tuesday, June 9th. HC Wainwright restated a "buy" rating on shares of Uranium Energy in a research report on Wednesday. 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 stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $17.41.

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.

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