Deutsche Bank AG Buys New Stake in Uranium Energy Corp. $UEC

Deutsche Bank AG acquired a new stake in Uranium Energy Corp. (NYSEAMERICAN:UEC) during the 2nd quarter, Holdings Channel.com reports. The firm acquired 580,509 shares of the basic materials company’s stock, valued at approximately $6,188,000.

Several other institutional investors and hedge funds have also modified their holdings of UEC. Caitong International Asset Management Co. Ltd purchased a new position in shares of Uranium Energy during the 4th quarter worth $39,000. PenderFund Capital Management Ltd. purchased a new position in shares of Uranium Energy in the 4th quarter worth $39,000. EFG International AG acquired a new position in Uranium Energy in the fourth quarter valued at $47,000. Longview Financial Advisors Inc. acquired a new position in Uranium Energy in the first quarter valued at $52,000. Finally, Allworth Financial LP grew its position in Uranium Energy by 177.6% during the fourth quarter. Allworth Financial LP now owns 4,714 shares of the basic materials company’s stock valued at $55,000 after acquiring an additional 3,016 shares during the period. Hedge funds and other institutional investors own 62.28% of the company’s stock.

Uranium Energy Stock Performance

Shares of UEC opened at $12.51 on Tuesday. The company has a market capitalization of $6.19 billion, a P/E ratio of -104.25 and a beta of 1.22. Uranium Energy Corp. has a one year low of $8.90 and a one year high of $20.34. The stock has a 50-day moving average price of $10.64 and a 200 day moving average price of $12.91.

Uranium Energy (NYSEAMERICAN:UEC) last issued its quarterly earnings results on Tuesday, June 9th. The basic materials company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.04). As a group, equities research analysts forecast that Uranium Energy Corp. will post -0.15 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

UEC has been the subject of a number of research analyst reports. HC Wainwright reissued a “buy” rating and set a $26.75 target price on shares of Uranium Energy in a research report on Wednesday, June 10th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $16.00 price target on shares of Uranium Energy in a research report on Tuesday, June 9th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $17.41.

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.