Uranium Energy Corp. (NYSEAMERICAN:UEC) Stake Lifted by Goehring & Rozencwajg Associates LLC

Goehring & Rozencwajg Associates LLC increased its holdings in shares of Uranium Energy Corp. (NYSEAMERICAN:UEC - Free Report) by 2.2% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,784,948 shares of the basic materials company's stock after purchasing an additional 38,302 shares during the quarter. Uranium Energy accounts for about 1.6% of Goehring & Rozencwajg Associates LLC's investment portfolio, making the stock its 24th largest holding. Goehring & Rozencwajg Associates LLC owned approximately 0.42% of Uranium Energy worth $8,532,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Harbour Investments Inc. grew its holdings in Uranium Energy by 947.4% during the 4th quarter. Harbour Investments Inc. now owns 3,886 shares of the basic materials company's stock valued at $26,000 after purchasing an additional 3,515 shares in the last quarter. Generali Investments Management Co LLC acquired a new stake in Uranium Energy during the 4th quarter valued at approximately $30,000. Versant Capital Management Inc acquired a new stake in Uranium Energy during the 1st quarter valued at approximately $27,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in Uranium Energy during the 1st quarter valued at approximately $36,000. Finally, Farther Finance Advisors LLC grew its stake in Uranium Energy by 43.5% during the 1st quarter. Farther Finance Advisors LLC now owns 7,801 shares of the basic materials company's stock valued at $36,000 after purchasing an additional 2,364 shares in the last quarter. Institutional investors and hedge funds own 62.28% of the company's stock.

Uranium Energy Stock Performance

Uranium Energy stock remained flat at $6.62 during mid-day trading on Friday. 7,089,232 shares of the company's stock were exchanged, compared to its average volume of 9,121,977. The company has a market capitalization of $2.94 billion, a price-to-earnings ratio of -38.94 and a beta of 1.42. The firm's fifty day moving average is $6.05 and its 200 day moving average is $6.40. Uranium Energy Corp. has a 1 year low of $3.85 and a 1 year high of $8.93.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on UEC. Stifel Nicolaus set a $10.50 price target on shares of Uranium Energy in a research report on Wednesday, March 12th. HC Wainwright reissued a "buy" rating and set a $12.25 price objective on shares of Uranium Energy in a report on Thursday, March 13th. BMO Capital Markets assumed coverage on shares of Uranium Energy in a report on Tuesday, June 3rd. They set an "outperform" rating and a $7.75 price objective for the company. Finally, Stifel Canada upgraded Uranium Energy to a "strong-buy" rating in a research note on Tuesday, March 11th. Five equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Buy" and an average target price of $10.13.

Uranium Energy Company Profile

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.