Uranium Energy Corp. $UEC Shares Sold by Royce & Associates LP

Key Points

• Royce & Associates cut its stake in Uranium Energy by 59.7% in Q3, selling 200,049 shares and leaving it with 135,038 shares valued at about $1.80 million.
• Uranium Energy stock opened at $13.70, has a market cap of $6.62 billion, a 52-week range of $3.85–$20.34, and 50‑/200‑day moving averages of $15.87 and $13.79 respectively.
• Analysts have an average rating of "Moderate Buy" with an average price target of $15.66, and several firms (including Goldman Sachs) maintain buy-oriented price targets in the $16–$18 range.

Royce & Associates LP reduced its holdings in shares of Uranium Energy Corp. (NYSEAMERICAN:UEC - Free Report) by 59.7% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 135,038 shares of the basic materials company's stock after selling 200,049 shares during the period. Royce & Associates LP's holdings in Uranium Energy were worth $1,801,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in UEC. Ameritas Advisory Services LLC purchased a new position in shares of Uranium Energy during the third quarter worth about $33,000. Operose Advisors LLC acquired a new stake in Uranium Energy during the 2nd quarter worth approximately $34,000. GPS Wealth Strategies Group LLC lifted its position in Uranium Energy by 31.0% during the 3rd quarter. GPS Wealth Strategies Group LLC now owns 4,654 shares of the basic materials company's stock worth $62,000 after acquiring an additional 1,100 shares during the period. Semus Wealth Partners LLC purchased a new position in shares of Uranium Energy in the 2nd quarter valued at approximately $68,000. Finally, Sender Co & Partners Inc. acquired a new position in shares of Uranium Energy in the second quarter valued at approximately $88,000. 62.28% of the stock is owned by hedge funds and other institutional investors.

Uranium Energy Stock Performance

Uranium Energy stock opened at $13.70 on Friday. The company has a market cap of $6.62 billion, a P/E ratio of -114.17 and a beta of 1.21. Uranium Energy Corp. has a one year low of $3.85 and a one year high of $20.34. The business has a fifty day moving average of $15.87 and a two-hundred day moving average of $13.79.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on UEC. The Goldman Sachs Group reaffirmed a "buy" rating and set a $18.00 price target on shares of Uranium Energy in a report on Wednesday, February 4th. Zacks Research upgraded shares of Uranium Energy from a "strong sell" rating to a "hold" rating in a research report on Monday, December 1st. National Bank Financial lifted their target price on shares of Uranium Energy from $15.50 to $16.50 and gave the company an "outperform" rating in a report on Friday, December 19th. Finally, Roth Mkm reiterated a "buy" rating and set a $16.00 price target on shares of Uranium Energy in a research note on Thursday, December 11th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, Uranium Energy currently has an average rating of "Moderate Buy" and an average price target of $15.66.

About Uranium Energy

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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