Kercheville Advisors LLC Invests $919,000 in Uranium Energy Corp. $UEC

Kercheville Advisors LLC bought a new stake in Uranium Energy Corp. (NYSEAMERICAN:UEC) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 68,900 shares of the basic materials company’s stock, valued at approximately $919,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. IFP Advisors Inc raised its position in Uranium Energy by 732.8% in the 2nd quarter. IFP Advisors Inc now owns 3,981 shares of the basic materials company’s stock valued at $27,000 after purchasing an additional 3,503 shares in the last quarter. Operose Advisors LLC acquired a new position in shares of Uranium Energy during the second quarter worth about $34,000. Teza Capital Management LLC purchased a new stake in shares of Uranium Energy during the first quarter worth approximately $49,000. Andrew Hill Investment Advisors Inc. acquired a new stake in Uranium Energy in the second quarter valued at approximately $68,000. Finally, Semus Wealth Partners LLC purchased a new position in Uranium Energy in the second quarter worth approximately $68,000. 62.28% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. The Goldman Sachs Group increased their price objective on shares of Uranium Energy from $13.00 to $17.00 and gave the company a “buy” rating in a research report on Friday, September 26th. Stifel Canada upgraded shares of Uranium Energy to a “strong-buy” rating in a research note on Friday, October 3rd. Stifel Nicolaus assumed coverage on Uranium Energy in a research note on Monday, October 6th. They issued a “buy” rating and a $10.50 price target on the stock. National Bankshares lifted their price target on Uranium Energy from $15.50 to $16.50 and gave the stock an “outperform” rating in a report on Friday, December 19th. Finally, Canaccord Genuity Group set a $17.50 price objective on Uranium Energy and gave the company a “buy” rating in a report on Wednesday, September 24th. Two analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $14.92.

Uranium Energy Stock Performance

Uranium Energy stock opened at $13.11 on Monday. The company has a market capitalization of $6.34 billion, a P/E ratio of -109.25 and a beta of 1.23. 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 50-day simple moving average of $12.65 and a 200-day simple moving average of $11.27.

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.