Titan Global Capital Management USA LLC Sells 533,279 Shares of Uranium Energy Corp. $UEC

Titan Global Capital Management USA LLC decreased its holdings in Uranium Energy Corp. (NYSEAMERICAN:UEC) by 16.6% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,684,045 shares of the basic materials company’s stock after selling 533,279 shares during the quarter. Uranium Energy accounts for approximately 5.3% of Titan Global Capital Management USA LLC’s investment portfolio, making the stock its 5th biggest holding. Titan Global Capital Management USA LLC owned 0.56% of Uranium Energy worth $35,805,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. State Street Corp boosted its holdings in shares of Uranium Energy by 9.5% in the 2nd 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 purchased a new stake in shares of Uranium Energy during the 2nd quarter worth approximately $105,058,000. Geode Capital Management LLC raised its holdings in shares of Uranium Energy by 3.0% in the 2nd quarter. Geode Capital Management LLC now owns 9,902,310 shares of the basic materials company’s stock worth $67,344,000 after purchasing an additional 289,662 shares during the period. Ameriprise Financial Inc. lifted its stake in 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 purchasing an additional 722,458 shares during the last quarter. Finally, Caxton Associates LLP raised its stake in shares of Uranium Energy by 11,233.4% in the second quarter. Caxton Associates LLP now owns 4,093,058 shares of the basic materials company’s stock valued at $27,833,000 after buying an additional 4,056,943 shares during the period. 62.28% of the stock is owned by institutional investors.

Uranium Energy Stock Performance

Uranium Energy stock opened at $13.11 on Friday. Uranium Energy Corp. has a fifty-two week low of $3.85 and a fifty-two week high of $17.80. The stock has a market cap of $6.34 billion, a P/E ratio of -109.25 and a beta of 1.23. The firm’s fifty day moving average price is $12.65 and its 200-day moving average price is $11.21.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on UEC shares. National Bankshares boosted their price objective 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 upped their target price on shares of Uranium Energy from $13.00 to $17.00 and gave the stock a “buy” rating in a report on Friday, September 26th. HC Wainwright raised their price target on shares of Uranium Energy from $12.75 to $19.75 and gave the company a “buy” rating in a report on Thursday, September 25th. Stifel Canada upgraded Uranium Energy to a “strong-buy” rating in a research report on Friday, October 3rd. Finally, Canaccord Genuity Group set a $17.50 target price on Uranium Energy and gave the stock a “buy” rating in a research report on Wednesday, September 24th. Two analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $14.92.

About Uranium Energy

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.