Royce & Associates LP Decreases Holdings in Uranium Energy Corp. $UEC

Royce & Associates LP lowered its position in Uranium Energy Corp. (NYSEAMERICAN:UEC) by 59.7% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 135,038 shares of the basic materials company’s stock after selling 200,049 shares during the period. Royce & Associates LP’s holdings in Uranium Energy were worth $1,801,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Ameritas Advisory Services LLC purchased a new stake in Uranium Energy during the third quarter worth $33,000. GPS Wealth Strategies Group LLC raised its stake in shares of Uranium Energy by 31.0% during the 3rd quarter. GPS Wealth Strategies Group LLC now owns 4,654 shares of the basic materials company’s stock worth $62,000 after buying an additional 1,100 shares during the last quarter. Operose Advisors LLC purchased a new stake in shares of Uranium Energy in the 2nd quarter worth about $34,000. Semus Wealth Partners LLC purchased a new stake in shares of Uranium Energy in the 2nd quarter worth about $68,000. Finally, Plancorp LLC acquired a new stake in Uranium Energy in the 3rd quarter valued at about $133,000. 62.28% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Uranium Energy Stock Performance

Shares of NYSEAMERICAN UEC opened at $13.70 on Friday. The firm has a market cap of $6.62 billion, a P/E ratio of -114.17 and a beta of 1.21. Uranium Energy Corp. has a 1 year low of $3.85 and a 1 year high of $20.34. The firm’s 50 day moving average price is $15.87 and its 200 day moving average price is $13.79.

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.