Bank of Montreal Can Grows Stake in Uranium Energy Corp. $UEC

Bank of Montreal Can boosted its position in shares of Uranium Energy Corp. (NYSEAMERICAN:UEC) by 224.5% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 145,145 shares of the basic materials company’s stock after acquiring an additional 100,421 shares during the quarter. Bank of Montreal Can’s holdings in Uranium Energy were worth $987,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Teacher Retirement System of Texas bought a new stake in shares of Uranium Energy during the 1st quarter valued at about $295,000. Cerity Partners LLC purchased a new position in shares of Uranium Energy in the first quarter worth approximately $135,000. Xponance Inc. boosted its holdings in shares of Uranium Energy by 7.7% in the first quarter. Xponance Inc. now owns 33,240 shares of the basic materials company’s stock worth $159,000 after buying an additional 2,385 shares during the last quarter. Arizona State Retirement System grew its position in Uranium Energy by 1.6% during the first quarter. Arizona State Retirement System now owns 121,359 shares of the basic materials company’s stock valued at $580,000 after buying an additional 1,962 shares during the period. Finally, CWM LLC increased its holdings in Uranium Energy by 139.3% during the first quarter. CWM LLC now owns 28,821 shares of the basic materials company’s stock valued at $138,000 after buying an additional 16,779 shares during the last quarter. Institutional investors own 62.28% of the company’s stock.

Analyst Upgrades and Downgrades

UEC has been the topic of several analyst reports. The Goldman Sachs Group lifted their price target on shares of Uranium Energy from $13.00 to $17.00 and gave the stock a “buy” rating in a research note on Friday, September 26th. Stifel Canada raised Uranium Energy to a “strong-buy” rating in a report on Friday, October 3rd. HC Wainwright lifted their target price on Uranium Energy from $12.75 to $19.75 and gave the company a “buy” rating in a research report on Thursday, September 25th. BMO Capital Markets reissued a “market perform” rating and set a $14.00 price target (up previously from $7.75) on shares of Uranium Energy in a report on Thursday, September 25th. Finally, Roth Capital raised their price objective on Uranium Energy from $11.50 to $16.00 and gave the stock a “buy” rating in a research note on Wednesday, September 24th. Two analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $14.19.

Uranium Energy Price Performance

NYSEAMERICAN UEC opened at $11.59 on Friday. The firm has a market cap of $5.60 billion, a price-to-earnings ratio of -68.17 and a beta of 1.40. The business has a 50-day moving average price of $13.50 and a 200-day moving average price of $9.65. Uranium Energy Corp. has a twelve month low of $3.85 and a twelve month high of $17.80.

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.