Uranium Energy Corp. $UEC Shares Bought by Stonehage Fleming Financial Services Holdings Ltd

Key Points

• Stonehage Fleming Financial Services Holdings Ltd significantly increased its stake in Uranium Energy Corp. by 565.1% during the second quarter, owning 58,749 shares valued at approximately $399,000.
• Several equities analysts have raised their price targets for Uranium Energy, with Goldman Sachs setting a target of $17.00 and BMO Capital Markets raising theirs to $14.00, both indicating a positive outlook for the stock.
• The company has a market capitalization of $7.08 billion and its shares recently opened at $14.65, following a year with a low of $3.85 and a high of $15.86.

Stonehage Fleming Financial Services Holdings Ltd raised its stake in Uranium Energy Corp. (NYSEAMERICAN:UEC - Free Report) by 565.1% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 58,749 shares of the basic materials company's stock after acquiring an additional 49,916 shares during the quarter. Stonehage Fleming Financial Services Holdings Ltd's holdings in Uranium Energy were worth $399,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in UEC. IFP Advisors Inc raised its holdings in shares of Uranium Energy by 732.8% in the second quarter. IFP Advisors Inc now owns 3,981 shares of the basic materials company's stock worth $27,000 after acquiring an additional 3,503 shares during the last quarter. Farther Finance Advisors LLC raised its holdings 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 worth $36,000 after acquiring an additional 2,364 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Uranium Energy in the first quarter worth $36,000. Oarsman Capital Inc. raised its holdings 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 worth $48,000 after acquiring an additional 9,000 shares during the last quarter. Finally, Teza Capital Management LLC acquired a new position in shares of Uranium Energy in the first quarter worth $49,000. 62.28% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on UEC shares. The Goldman Sachs Group boosted their price target on Uranium Energy from $13.00 to $17.00 and gave the stock a "buy" rating in a report on Friday, September 26th. BMO Capital Markets reiterated a "market perform" rating and issued a $14.00 target price (up from $7.75) on shares of Uranium Energy in a research note on Thursday, September 25th. HC Wainwright upped their target price on Uranium Energy from $12.75 to $19.75 and gave the company a "buy" rating in a research note on Thursday, September 25th. Roth Capital upped their target price on Uranium Energy from $11.50 to $16.00 and gave the company a "buy" rating in a research note on Wednesday, September 24th. Finally, Stifel Nicolaus started coverage on Uranium Energy in a research note on Monday, October 6th. They issued a "buy" rating and a $10.50 target price for the company. Two analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Buy" and an average price target of $13.80.

Uranium Energy Price Performance

Shares of NYSEAMERICAN:UEC opened at $14.65 on Friday. The firm has a market capitalization of $7.08 billion, a PE ratio of -86.17 and a beta of 1.40. The business has a 50-day moving average of $11.69 and a two-hundred day moving average of $8.02. Uranium Energy Corp. has a 12 month low of $3.85 and a 12 month high of $15.86.

Insider Buying and Selling

In other Uranium Energy news, Director David Kong sold 50,800 shares of the company's stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $9.62, for a total transaction of $488,696.00. Following the completion of the sale, the director directly owned 182,237 shares in the company, valued at $1,753,119.94. This represents a 21.80% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 2.00% of the stock is owned by corporate insiders.

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.

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