Hsbc Holdings PLC Invests $1.18 Million in Uranium Energy Corp. $UEC

Key Points

• HSBC Holdings acquired a new $1.18 million stake in Uranium Energy Corp., purchasing 110,960 shares during the second quarter. Institutional investors and hedge funds collectively own 62.28% of UEC.
• UEC shares opened at $12.24, down 1.3%, with a 52-week range of $8.90 to $20.34. The company missed quarterly earnings expectations, reporting a loss of $0.07 per share versus the estimated loss of $0.03.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $17.41; Goldman Sachs separately set a $16 price target.

Hsbc Holdings PLC acquired a new stake in Uranium Energy Corp. (NYSEAMERICAN:UEC - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 110,960 shares of the basic materials company's stock, valued at approximately $1,183,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD lifted its holdings in Uranium Energy by 11.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 66,352,123 shares of the basic materials company's stock worth $774,995,000 after buying an additional 7,013,279 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of Uranium Energy by 32.2% in the 4th quarter. Vanguard Group Inc. now owns 47,247,813 shares of the basic materials company's stock valued at $551,854,000 after acquiring an additional 11,521,597 shares during the last quarter. BlackRock Inc. acquired a new stake in shares of Uranium Energy during the 2nd quarter valued at approximately $432,676,000. State Street Corp lifted its stake in Uranium Energy by 9.5% during the second quarter. State Street Corp now owns 23,046,686 shares of the basic materials company's stock worth $156,717,000 after purchasing an additional 2,000,516 shares during the last quarter. Finally, Van ECK Associates Corp lifted its stake in Uranium Energy by 25.3% during the fourth quarter. Van ECK Associates Corp now owns 19,665,665 shares of the basic materials company's stock worth $229,695,000 after purchasing an additional 3,969,046 shares during the last quarter. Institutional investors and hedge funds own 62.28% of the company's stock.

Uranium Energy Stock Down 1.3%

Uranium Energy stock opened at $12.24 on Tuesday. Uranium Energy Corp. has a 52-week low of $8.90 and a 52-week high of $20.34. The firm has a market capitalization of $6.06 billion, a price-to-earnings ratio of -102.00 and a beta of 1.22. The firm has a 50-day moving average price of $10.76 and a two-hundred day moving average price of $12.80.

Uranium Energy (NYSEAMERICAN:UEC - Get Free Report) last announced its quarterly earnings results on Tuesday, June 9th. The basic materials company reported ($0.07) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.04). Research analysts expect that Uranium Energy Corp. will post -0.15 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have commented on UEC shares. The Goldman Sachs Group reaffirmed a "buy" rating and issued a $16.00 price objective 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, August 26th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average 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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