Wells Fargo & Company MN Grows Stock Position in Uranium Energy Corp. (NYSEAMERICAN:UEC)

Wells Fargo & Company MN grew its holdings in Uranium Energy Corp. (NYSEAMERICAN:UEC - Free Report) by 15.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 753,643 shares of the basic materials company's stock after purchasing an additional 98,130 shares during the period. Wells Fargo & Company MN owned approximately 0.18% of Uranium Energy worth $5,042,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of the business. ExodusPoint Capital Management LP acquired a new stake in shares of Uranium Energy in the fourth quarter valued at $448,000. Cinctive Capital Management LP purchased a new stake in Uranium Energy during the 4th quarter worth approximately $1,342,000. Headlands Technologies LLC lifted its holdings in Uranium Energy by 177.7% during the 4th quarter. Headlands Technologies LLC now owns 110,130 shares of the basic materials company's stock worth $737,000 after buying an additional 70,466 shares in the last quarter. Summit Financial LLC purchased a new position in Uranium Energy in the 4th quarter valued at approximately $4,098,000. Finally, DnB Asset Management AS acquired a new position in shares of Uranium Energy in the fourth quarter worth $82,000. 62.28% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have issued reports on UEC. National Bankshares set a $10.00 price target on Uranium Energy and gave the company an "outperform" rating in a research report on Wednesday, February 12th. HC Wainwright reaffirmed a "buy" rating and issued a $12.25 target price on shares of Uranium Energy in a report on Thursday, March 13th. National Bank Financial started coverage on shares of Uranium Energy in a report on Wednesday, February 12th. They set an "outperform" rating and a $10.00 price target for the company. Stifel Canada upgraded shares of Uranium Energy to a "strong-buy" rating in a report on Tuesday, March 11th. Finally, Stifel Nicolaus set a $10.50 target price on shares of Uranium Energy in a research note on Wednesday, March 12th. Four equities research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Buy" and an average target price of $10.60.

Uranium Energy Stock Performance

Shares of UEC stock traded down $0.07 during mid-day trading on Friday, hitting $5.21. 1,531,617 shares of the stock were exchanged, compared to its average volume of 7,742,384. Uranium Energy Corp. has a 12-month low of $3.85 and a 12-month high of $8.93. The stock has a market capitalization of $2.20 billion, a price-to-earnings ratio of -43.38 and a beta of 1.88. The stock's fifty day simple moving average is $5.20 and its two-hundred day simple moving average is $6.53.

About Uranium Energy

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.