Bank of New York Mellon Corp Has $7.20 Million Stake in Uranium Energy Corp. (NYSEAMERICAN:UEC)

Bank of New York Mellon Corp lowered its holdings in Uranium Energy Corp. (NYSEAMERICAN:UEC) by 1.4% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,505,667 shares of the basic materials company’s stock after selling 21,985 shares during the quarter. Bank of New York Mellon Corp owned about 0.36% of Uranium Energy worth $7,197,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of UEC. Sei Investments Co. raised its stake in shares of Uranium Energy by 9.7% during the 4th quarter. Sei Investments Co. now owns 19,381 shares of the basic materials company’s stock worth $130,000 after purchasing an additional 1,710 shares during the period. Farther Finance Advisors LLC grew its holdings in Uranium Energy by 43.5% during the 1st quarter. Farther Finance Advisors LLC now owns 7,801 shares of the basic materials company’s stock valued at $36,000 after buying an additional 2,364 shares in the last quarter. Summit Investment Advisors Inc. grew its holdings in shares of Uranium Energy by 6.6% during the fourth quarter. Summit Investment Advisors Inc. now owns 41,733 shares of the basic materials company’s stock worth $279,000 after purchasing an additional 2,570 shares in the last quarter. Harbour Investments Inc. grew its holdings in shares of Uranium Energy by 947.4% during the fourth quarter. Harbour Investments Inc. now owns 3,886 shares of the basic materials company’s stock worth $26,000 after purchasing an additional 3,515 shares in the last quarter. Finally, Integrated Wealth Concepts LLC grew its holdings in shares of Uranium Energy by 9.6% during the fourth quarter. Integrated Wealth Concepts LLC now owns 40,289 shares of the basic materials company’s stock worth $270,000 after purchasing an additional 3,516 shares in the last quarter. Institutional investors and hedge funds own 62.28% of the company’s stock.

Uranium Energy Price Performance

Uranium Energy stock opened at $8.14 on Wednesday. Uranium Energy Corp. has a one year low of $3.85 and a one year high of $8.93. The business’s fifty day moving average is $6.45 and its 200 day moving average is $6.30. The stock has a market capitalization of $3.62 billion, a PE ratio of -47.88 and a beta of 1.42.

Wall Street Analysts Forecast Growth

Separately, BMO Capital Markets started coverage on Uranium Energy in a research report on Tuesday, June 3rd. They issued an “outperform” rating and a $7.75 price objective for the company. Five equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $10.13.

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.