Citigroup Inc. Buys 66,436 Shares of Uranium Energy Corp. $UEC

Citigroup Inc. increased its stake in Uranium Energy Corp. (NYSEAMERICAN:UEC) by 20.8% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 385,682 shares of the basic materials company’s stock after purchasing an additional 66,436 shares during the quarter. Citigroup Inc. owned approximately 0.08% of Uranium Energy worth $5,145,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Ameritas Advisory Services LLC acquired a new stake in shares of Uranium Energy in the third quarter worth $33,000. GPS Wealth Strategies Group LLC raised its holdings in Uranium Energy by 31.0% in the 3rd quarter. GPS Wealth Strategies Group LLC now owns 4,654 shares of the basic materials company’s stock worth $62,000 after acquiring an additional 1,100 shares during the period. Operose Advisors LLC acquired a new position in Uranium Energy during the 2nd quarter worth $34,000. Semus Wealth Partners LLC bought a new stake in Uranium Energy during the second quarter valued at about $68,000. Finally, Plancorp LLC acquired a new stake in shares of Uranium Energy in the third quarter valued at about $133,000. Institutional investors and hedge funds own 62.28% of the company’s stock.

Uranium Energy Trading Down 7.0%

UEC stock opened at $14.56 on Wednesday. The business’s 50 day moving average is $15.80 and its 200-day moving average is $13.79. Uranium Energy Corp. has a 1-year low of $3.85 and a 1-year high of $20.34. The firm has a market cap of $7.04 billion, a P/E ratio of -121.33 and a beta of 1.21.

Wall Street Analysts Forecast Growth

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

Uranium Energy 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.