MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Acquires 423,233 Shares of Uranium Energy Corp. (NYSEAMERICAN:UEC)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Uranium Energy Corp. (NYSEAMERICAN:UEC - Free Report) by 1.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 29,230,344 shares of the basic materials company's stock after acquiring an additional 423,233 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned 6.91% of Uranium Energy worth $195,551,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of UEC. Harbour Investments Inc. raised its holdings in shares of Uranium Energy by 947.4% in the 4th quarter. Harbour Investments Inc. now owns 3,886 shares of the basic materials company's stock worth $26,000 after buying an additional 3,515 shares in the last quarter. GAMMA Investing LLC raised its stake in Uranium Energy by 180.1% during the fourth quarter. GAMMA Investing LLC now owns 4,338 shares of the basic materials company's stock worth $29,000 after acquiring an additional 2,789 shares in the last quarter. Generali Investments Management Co LLC bought a new position in shares of Uranium Energy during the fourth quarter valued at $30,000. Stonehage Fleming Financial Services Holdings Ltd boosted its stake in shares of Uranium Energy by 21.1% in the 4th quarter. Stonehage Fleming Financial Services Holdings Ltd now owns 7,870 shares of the basic materials company's stock valued at $53,000 after purchasing an additional 1,370 shares in the last quarter. Finally, Total Wealth Planning LLC bought a new stake in shares of Uranium Energy in the 4th quarter worth about $67,000. Institutional investors and hedge funds own 62.28% of the company's stock.

Uranium Energy Trading Down 0.9%

Shares of UEC traded down $0.05 during mid-day trading on Thursday, reaching $5.62. The company's stock had a trading volume of 4,363,317 shares, compared to its average volume of 7,926,352. The stock has a market cap of $2.38 billion, a P/E ratio of -46.83 and a beta of 1.88. Uranium Energy Corp. has a 1-year low of $3.85 and a 1-year high of $8.93. The business has a 50-day simple moving average of $5.06 and a two-hundred day simple moving average of $6.45.

Wall Street Analyst Weigh In

Several analysts have recently commented on UEC shares. 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. National Bank Financial assumed coverage on shares of Uranium Energy in a report on Wednesday, February 12th. They set an "outperform" rating and a $10.00 price objective on the stock. HC Wainwright restated a "buy" rating and issued a $12.25 price objective on shares of Uranium Energy in a research report on Thursday, March 13th. Stifel Nicolaus set a $10.50 target price on Uranium Energy in a research report on Wednesday, March 12th. Finally, Stifel Canada upgraded Uranium Energy to a "strong-buy" rating in a report on Tuesday, March 11th. Four research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus price target of $10.60.

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.