Uranium Energy Corp. (NYSEAMERICAN:UEC) Shares Bought by Invesco Ltd.

Invesco Ltd. increased its position in shares of Uranium Energy Corp. (NYSEAMERICAN:UEC - Free Report) by 134.1% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 942,851 shares of the basic materials company's stock after buying an additional 540,049 shares during the quarter. Invesco Ltd. owned about 0.22% of Uranium Energy worth $6,308,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Barclays PLC grew its holdings in shares of Uranium Energy by 394.5% during the 3rd quarter. Barclays PLC now owns 697,045 shares of the basic materials company's stock worth $4,329,000 after purchasing an additional 556,081 shares during the period. Sanctuary Advisors LLC bought a new stake in Uranium Energy during the third quarter valued at $288,000. Tidal Investments LLC raised its holdings in shares of Uranium Energy by 11.1% during the third quarter. Tidal Investments LLC now owns 72,402 shares of the basic materials company's stock worth $450,000 after purchasing an additional 7,220 shares during the period. Franklin Resources Inc. lifted its position in shares of Uranium Energy by 12.7% in the 3rd quarter. Franklin Resources Inc. now owns 22,245 shares of the basic materials company's stock worth $138,000 after buying an additional 2,505 shares during the last quarter. Finally, B. Riley Wealth Advisors Inc. acquired a new position in shares of Uranium Energy in the 3rd quarter valued at about $174,000. Institutional investors and hedge funds own 62.28% of the company's stock.

Wall Street Analysts Forecast Growth

UEC has been the topic of several recent research reports. National Bank Financial initiated coverage on shares of Uranium Energy in a research note on Wednesday, February 12th. They issued an "outperform" rating and a $10.00 price objective on the stock. National Bankshares set a $10.00 target price on Uranium Energy and gave the stock an "outperform" rating in a report on Wednesday, February 12th. Stifel Nicolaus set a $10.50 price objective on shares of Uranium Energy in a research report on Wednesday, March 12th. Stifel Canada upgraded Uranium Energy to a "strong-buy" rating in a report on Tuesday, March 11th. Finally, HC Wainwright reissued a "buy" rating and issued a $12.25 price objective on shares of Uranium Energy in a research note on Thursday, March 13th. Four equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, Uranium Energy currently has an average rating of "Buy" and a consensus price target of $10.60.

Uranium Energy Stock Down 0.2 %

Shares of NYSEAMERICAN:UEC traded down $0.01 during trading on Thursday, hitting $5.24. The stock had a trading volume of 2,041,146 shares, compared to its average volume of 7,733,974. Uranium Energy Corp. has a 12 month low of $3.85 and a 12 month high of $8.93. The company has a market capitalization of $2.22 billion, a PE ratio of -43.79 and a beta of 1.88. The firm's fifty day moving average is $5.08 and its 200 day moving average is $6.51.

Uranium Energy Company 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.