Deutsche Bank AG acquired a new position in shares of Uranium Energy Corp. (NYSEAMERICAN:UEC - Free Report) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 580,509 shares of the basic materials company's stock, valued at approximately $6,188,000. Deutsche Bank AG owned 0.12% of Uranium Energy as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in UEC. Boundless Plain Holdings Ltd purchased a new stake in shares of Uranium Energy in the 4th quarter valued at approximately $2,085,000. BI Asset Management Fondsmaeglerselskab A S acquired a new position in Uranium Energy in the fourth quarter valued at approximately $1,533,000. Vanguard Group Inc. grew its position in Uranium Energy by 32.2% in the fourth quarter. Vanguard Group Inc. now owns 47,247,813 shares of the basic materials company's stock worth $551,854,000 after acquiring an additional 11,521,597 shares during the period. Titan Global Capital Management USA LLC grew its position in Uranium Energy by 7.1% in the fourth quarter. Titan Global Capital Management USA LLC now owns 2,875,810 shares of the basic materials company's stock worth $33,589,000 after acquiring an additional 191,765 shares during the period. Finally, TimesSquare Capital Management LLC purchased a new stake in Uranium Energy in the second quarter valued at $17,972,000. 62.28% of the stock is owned by hedge funds and other institutional investors.
Uranium Energy Trading Down 2.0%
Shares of UEC stock opened at $12.51 on Tuesday. The firm has a fifty day moving average price of $10.64 and a 200 day moving average price of $12.91. The company has a market cap of $6.19 billion, a P/E ratio of -104.25 and a beta of 1.22. Uranium Energy Corp. has a 12 month low of $8.90 and a 12 month high of $20.34.
Uranium Energy (NYSEAMERICAN:UEC - Get Free Report) last issued its quarterly earnings data on Tuesday, June 9th. The basic materials company reported ($0.07) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.04). On average, equities analysts forecast that Uranium Energy Corp. will post -0.15 EPS for the current year.
Analyst Ratings Changes
Several brokerages recently issued reports on UEC. HC Wainwright restated a "buy" rating and issued a $26.75 price objective on shares of Uranium Energy in a report on Wednesday, June 10th. The Goldman Sachs Group reaffirmed a "buy" rating and set a $16.00 target price on shares of Uranium Energy in a research note on Tuesday, June 9th. 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 company. Based on data from MarketBeat, Uranium Energy has an average rating of "Moderate Buy" and an average target price of $17.41.
View Our Latest Stock Report on UEC
About Uranium Energy
(
Free Report)
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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