Ausbil Investment Management Ltd Makes New $526,000 Investment in Uranium Energy Corp. $UEC

Ausbil Investment Management Ltd acquired a new stake in Uranium Energy Corp. (NYSEAMERICAN:UEC) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 45,000 shares of the basic materials company’s stock, valued at approximately $526,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of UEC. Vanguard Group Inc. grew its position in Uranium Energy by 34.5% in the 3rd quarter. Vanguard Group Inc. now owns 35,726,216 shares of the basic materials company’s stock valued at $476,588,000 after purchasing an additional 9,159,024 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Uranium Energy by 9.9% during the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 26,599,686 shares of the basic materials company’s stock valued at $354,847,000 after purchasing an additional 2,393,683 shares in the last quarter. State Street Corp raised its holdings in Uranium Energy by 9.5% during the second quarter. State Street Corp now owns 23,046,686 shares of the basic materials company’s stock worth $156,717,000 after buying an additional 2,000,516 shares during the last quarter. Norges Bank bought a new position in shares of Uranium Energy in the second quarter valued at $105,058,000. Finally, Ameriprise Financial Inc. lifted its stake in shares of Uranium Energy by 10.9% in the second quarter. Ameriprise Financial Inc. now owns 7,379,554 shares of the basic materials company’s stock valued at $50,181,000 after buying an additional 722,458 shares in the last quarter. Institutional investors own 62.28% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on UEC shares. Zacks Research raised shares of Uranium Energy from a “strong sell” rating to a “hold” rating in a research report on Monday, December 1st. TD Securities dropped their price target on shares of Uranium Energy from $22.00 to $21.00 and set a “buy” rating on the stock in a research report on Wednesday, March 11th. National Bank Financial lifted their price target on Uranium Energy from $15.50 to $16.50 and gave the company an “outperform” rating in a research note on Friday, December 19th. The Goldman Sachs Group reissued a “buy” rating and set a $18.00 price objective on shares of Uranium Energy in a report on Wednesday, February 4th. Finally, HC Wainwright increased their price objective on Uranium Energy from $26.50 to $26.75 and gave the stock a “buy” rating in a research note on Wednesday, March 11th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, Uranium Energy presently has an average rating of “Moderate Buy” and a consensus target price of $17.53.

Uranium Energy Trading Down 2.9%

UEC stock opened at $13.05 on Friday. The stock has a market cap of $6.40 billion, a P/E ratio of -108.75 and a beta of 1.21. The stock’s fifty day simple moving average is $15.68 and its two-hundred day simple moving average is $14.09. Uranium Energy Corp. has a 1-year low of $3.85 and a 1-year high of $20.34.

Uranium Energy (NYSEAMERICAN:UEC) last released its earnings results on Tuesday, March 10th. The basic materials company reported ($0.03) EPS for the quarter, hitting analysts’ consensus estimates of ($0.03). The business had revenue of $20.20 million for the quarter, compared to the consensus estimate of $12.85 million. As a group, analysts forecast that Uranium Energy Corp. will post 0.01 earnings per share for the current fiscal year.

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.