Baader Bank Aktiengesellschaft Makes New $1.06 Million Investment in Uranium Energy Corp. $UEC

Baader Bank Aktiengesellschaft purchased a new stake in Uranium Energy Corp. (NYSEAMERICAN:UEC) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 84,299 shares of the basic materials company’s stock, valued at approximately $1,062,000.

Other large investors also recently modified their holdings of the company. IFP Advisors Inc grew its holdings in Uranium Energy by 732.8% in the second quarter. IFP Advisors Inc now owns 3,981 shares of the basic materials company’s stock worth $27,000 after purchasing an additional 3,503 shares during the period. GPS Wealth Strategies Group LLC increased its stake in Uranium Energy by 31.0% in the third quarter. GPS Wealth Strategies Group LLC now owns 4,654 shares of the basic materials company’s stock valued at $62,000 after purchasing an additional 1,100 shares in the last quarter. Operose Advisors LLC acquired a new position in shares of Uranium Energy during the second quarter valued at about $34,000. Semus Wealth Partners LLC acquired a new position in shares of Uranium Energy during the second quarter valued at about $68,000. Finally, Plancorp LLC bought a new position in shares of Uranium Energy during the 3rd quarter worth about $133,000. Institutional investors and hedge funds own 62.28% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on UEC shares. Zacks Research raised Uranium Energy from a “strong sell” rating to a “hold” rating in a research note on Monday, December 1st. The Goldman Sachs Group restated a “buy” rating and set a $18.00 price objective on shares of Uranium Energy in a report on Wednesday, February 4th. Roth Mkm reaffirmed a “buy” rating and set a $16.00 target price on shares of Uranium Energy in a research report on Thursday, December 11th. Finally, National Bank Financial increased their target price on Uranium Energy from $15.50 to $16.50 and gave the stock an “outperform” rating in a report on Friday, December 19th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $15.66.

Uranium Energy Stock Performance

Shares of UEC stock opened at $15.90 on Thursday. The company has a market capitalization of $7.69 billion, a price-to-earnings ratio of -132.50 and a beta of 1.22. Uranium Energy Corp. has a 52-week low of $3.85 and a 52-week high of $20.34. The company has a 50-day simple moving average of $15.04 and a two-hundred day simple moving average of $13.17.

Uranium Energy Company Profile

Uranium Energy Corp. is a uranium mining and exploration company focused on the development and production of uranium through in-situ recovery (ISR) methods. The company’s core activities include operating ISR projects, advancing exploration properties, and engaging in joint ventures to secure uranium supply for nuclear power generation. Uranium Energy’s approach emphasizes environmentally conscious extraction techniques that minimize land disturbance and water usage compared with conventional mining.

The company’s primary producing asset is the Hobson ISR facility in South Texas, which commenced production to supply uranium concentrate to nuclear utilities.