Uranium Energy Corp. $UEC Stock Holdings Increased by Vanguard Group Inc.

Key Points

• Vanguard Group increased its stake in Uranium Energy by 32.2% in the fourth quarter, buying 11,521,597 shares to hold 47,247,813 shares (about 9.77%) valued at roughly $551.9 million.
• Analysts rate UEC a consensus "Moderate Buy" with an average target price of $17.66, and individual targets ranging up to $26.75 amid mostly Buy/Strong Buy recommendations.
• UEC shares opened at $14.82, trade within a 12‑month range of $5.03–$20.34, have a market cap of about $7.27 billion and a negative P/E, reflecting current unprofitable results.

Vanguard Group Inc. boosted its position in Uranium Energy Corp. (NYSEAMERICAN:UEC - Free Report) by 32.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 47,247,813 shares of the basic materials company's stock after buying an additional 11,521,597 shares during the quarter. Vanguard Group Inc. owned approximately 9.77% of Uranium Energy worth $551,854,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Kercheville Advisors LLC grew its holdings in shares of Uranium Energy by 75.5% during the fourth quarter. Kercheville Advisors LLC now owns 120,900 shares of the basic materials company's stock valued at $1,412,000 after purchasing an additional 52,000 shares during the last quarter. Riggs Asset Managment Co. Inc. grew its holdings in shares of Uranium Energy by 0.7% during the fourth quarter. Riggs Asset Managment Co. Inc. now owns 190,129 shares of the basic materials company's stock valued at $2,221,000 after purchasing an additional 1,236 shares during the last quarter. Arizona State Retirement System grew its holdings in shares of Uranium Energy by 1.6% during the fourth quarter. Arizona State Retirement System now owns 133,656 shares of the basic materials company's stock valued at $1,561,000 after purchasing an additional 2,168 shares during the last quarter. N.E.W. Advisory Services LLC bought a new position in shares of Uranium Energy during the fourth quarter valued at approximately $53,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH grew its holdings in shares of Uranium Energy by 7.7% during the fourth quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 1,460,614 shares of the basic materials company's stock valued at $17,122,000 after purchasing an additional 103,972 shares during the last quarter. 62.28% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. HC Wainwright upped their target price on Uranium Energy from $26.50 to $26.75 and gave the company a "buy" rating in a report on Wednesday, March 11th. The Goldman Sachs Group reaffirmed a "buy" rating and set a $18.00 target price on shares of Uranium Energy in a report on Wednesday, February 4th. Roth Mkm set a $17.00 target price on Uranium Energy in a report on Wednesday, March 11th. Finally, TD Securities lowered their target price on Uranium Energy from $22.00 to $21.00 and set a "buy" rating for the company in a report on Wednesday, March 11th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $17.66.

Uranium Energy Price Performance

Shares of UEC stock opened at $14.82 on Tuesday. Uranium Energy Corp. has a 12-month low of $5.03 and a 12-month high of $20.34. The firm has a market capitalization of $7.27 billion, a price-to-earnings ratio of -123.50 and a beta of 1.17. The business has a 50 day simple moving average of $14.14 and a 200 day simple moving average of $14.25.

Uranium Energy (NYSEAMERICAN:UEC - Get Free Report) last issued its quarterly earnings data on Tuesday, March 10th. The basic materials company reported ($0.03) earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of ($0.03). The business had revenue of $20.20 million during the quarter, compared to the consensus estimate of $12.85 million. On average, equities analysts anticipate that Uranium Energy Corp. will post -0.1 EPS for the current fiscal year.

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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