OLD Mission Capital LLC Increases Stake in Uranium Energy Corp. $UEC

Key Points

• OLD Mission Capital LLC increased its stake in Uranium Energy Corp. by 71.4% in the first quarter, holding 179,546 shares worth $858,000.
• Uranium Energy's stock has received multiple analyst upgrades, with TD Securities raising its price target from $8.00 to $13.00 and rating it a "buy."
• The company's stock performance shows significant volatility, with a one-year low of $3.85 and a high of $11.29, and it currently has a market cap of $4.75 billion.

OLD Mission Capital LLC boosted its stake in shares of Uranium Energy Corp. (NYSEAMERICAN:UEC - Free Report) by 71.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 179,546 shares of the basic materials company's stock after acquiring an additional 74,816 shares during the quarter. OLD Mission Capital LLC's holdings in Uranium Energy were worth $858,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. Versant Capital Management Inc purchased a new stake in shares of Uranium Energy in the first quarter valued at approximately $27,000. Farther Finance Advisors LLC increased its position in shares of Uranium Energy by 43.5% in the first quarter. Farther Finance Advisors LLC now owns 7,801 shares of the basic materials company's stock valued at $36,000 after buying an additional 2,364 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Uranium Energy in the first quarter valued at approximately $36,000. Oarsman Capital Inc. increased its position in shares of Uranium Energy by 900.0% in the first quarter. Oarsman Capital Inc. now owns 10,000 shares of the basic materials company's stock valued at $48,000 after buying an additional 9,000 shares in the last quarter. Finally, Russell Investments Group Ltd. increased its position in shares of Uranium Energy by 3,198.9% in the first quarter. Russell Investments Group Ltd. now owns 11,546 shares of the basic materials company's stock valued at $55,000 after buying an additional 11,196 shares in the last quarter. 62.28% of the stock is currently owned by hedge funds and other institutional investors.

Uranium Energy Price Performance

Shares of NYSEAMERICAN:UEC opened at $10.69 on Tuesday. The business's 50 day moving average price is $8.57 and its 200-day moving average price is $6.62. The firm has a market capitalization of $4.75 billion, a PE ratio of -62.88 and a beta of 1.42. Uranium Energy Corp. has a 1 year low of $3.85 and a 1 year high of $11.29.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. TD Securities boosted their price objective on Uranium Energy from $8.00 to $13.00 and gave the company a "buy" rating in a research report on Friday, August 15th. The Goldman Sachs Group upgraded Uranium Energy to a "strong-buy" rating in a research report on Tuesday, August 12th. HC Wainwright boosted their price objective on Uranium Energy from $12.25 to $12.75 and gave the company a "buy" rating in a research report on Wednesday, August 6th. Finally, BMO Capital Markets started coverage on Uranium Energy in a research note on Tuesday, June 3rd. They issued an "outperform" rating and a $7.75 price target on the stock. Three investment analysts have rated the stock with a Strong Buy rating and six have issued a Buy rating to the company's stock. Based on data from MarketBeat.com, Uranium Energy has a consensus rating of "Buy" and an average price target of $10.91.

Insiders Place Their Bets

In other Uranium Energy news, Director David Kong sold 50,800 shares of Uranium Energy stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $9.62, for a total value of $488,696.00. Following the sale, the director owned 182,237 shares in the company, valued at $1,753,119.94. The trade was a 21.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 2.00% of the company's stock.

Uranium Energy 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.