Uranium Energy Corp. (NYSEAMERICAN:UEC) Shares Purchased by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Uranium Energy Corp. (NYSEAMERICAN:UEC - Free Report) by 7.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 22,943,719 shares of the basic materials company's stock after acquiring an additional 1,521,140 shares during the period. Mirae Asset Global Investments Co. Ltd. owned approximately 5.84% of Uranium Energy worth $146,840,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Farmers & Merchants Trust Co of Chambersburg PA bought a new position in Uranium Energy in the 4th quarter valued at approximately $27,000. Householder Group Estate & Retirement Specialist LLC bought a new position in Uranium Energy in the 3rd quarter valued at approximately $26,000. Millburn Ridgefield Corp bought a new position in Uranium Energy in the 3rd quarter valued at approximately $27,000. Catalyst Capital Advisors LLC bought a new position in Uranium Energy in the 3rd quarter valued at approximately $27,000. Finally, CVA Family Office LLC bought a new position in Uranium Energy in the 4th quarter valued at approximately $38,000. Institutional investors own 62.28% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. Eight Capital upped their price target on shares of Uranium Energy from $7.00 to $13.00 and gave the company a "buy" rating in a research report on Monday, January 15th. HC Wainwright upped their price target on shares of Uranium Energy from $8.25 to $9.75 and gave the company a "buy" rating in a research report on Thursday, January 18th. Finally, TD Securities upped their price target on shares of Uranium Energy from $7.00 to $8.50 and gave the company a "speculative buy" rating in a research report on Tuesday, December 12th. One equities research analyst has rated the stock with a sell rating and five have issued a buy rating to the company. According to MarketBeat.com, Uranium Energy presently has an average rating of "Moderate Buy" and a consensus target price of $8.80.

Uranium Energy Trading Up 0.1 %

NYSEAMERICAN:UEC traded up $0.01 during trading hours on Friday, reaching $7.28. The company had a trading volume of 4,976,825 shares, compared to its average volume of 7,014,263. Uranium Energy Corp. has a twelve month low of $2.30 and a twelve month high of $8.34. The company has a market capitalization of $2.94 billion, a price-to-earnings ratio of -728.00 and a beta of 1.83. The stock has a 50-day moving average price of $6.18.

Uranium Energy (NYSEAMERICAN:UEC - Get Free Report) last released its quarterly earnings data on Monday, March 11th. The basic materials company reported $0.01 earnings per share for the quarter, meeting analysts' consensus estimates of $0.01. Uranium Energy had a negative net margin of 8.20% and a negative return on equity of 1.11%. The firm had revenue of $0.12 million for the quarter, compared to analyst estimates of $16.00 million. As a group, equities analysts predict that Uranium Energy Corp. will post 0.08 EPS for the current year.

Insider Activity at Uranium Energy

In related news, Director David Kong sold 26,000 shares of the firm's stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $6.81, for a total transaction of $177,060.00. Following the transaction, the director now directly owns 154,085 shares of the company's stock, valued at $1,049,318.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Uranium Energy news, Director Volpe Vincent Della sold 84,000 shares of Uranium Energy stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $8.17, for a total value of $686,280.00. Following the sale, the director now owns 186,095 shares of the company's stock, valued at $1,520,396.15. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director David Kong sold 26,000 shares of Uranium Energy stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $6.81, for a total transaction of $177,060.00. Following the completion of the sale, the director now directly owns 154,085 shares in the company, valued at approximately $1,049,318.85. The disclosure for this sale can be found here. 2.90% of the stock is owned by insiders.

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.