NewEdge Advisors LLC Sells 101,763 Shares of Uranium Energy Corp. $UEC

NewEdge Advisors LLC reduced its holdings in Uranium Energy Corp. (NYSEAMERICAN:UEC) by 83.5% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 20,096 shares of the basic materials company’s stock after selling 101,763 shares during the quarter. NewEdge Advisors LLC’s holdings in Uranium Energy were worth $271,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of UEC. PenderFund Capital Management Ltd. acquired a new position in shares of Uranium Energy during the fourth quarter worth $39,000. Caitong International Asset Management Co. Ltd acquired a new stake in Uranium Energy in the fourth quarter valued at $39,000. Longview Financial Advisors Inc. acquired a new stake in Uranium Energy in the first quarter valued at $52,000. EFG International AG bought a new position in Uranium Energy during the 4th quarter worth $47,000. Finally, Western Wealth Management LLC bought a new position in Uranium Energy during the 1st quarter worth $60,000. Institutional investors own 62.28% of the company’s stock.

Uranium Energy Price Performance

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

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

Analysts Set New Price Targets

A number of equities research analysts have recently commented on UEC shares. HC Wainwright reaffirmed a “buy” rating and issued a $26.75 price objective on shares of Uranium Energy in a research note on Wednesday, June 10th. The Goldman Sachs Group restated a “buy” rating and issued a $16.00 target price on shares of Uranium Energy in a report on Tuesday, June 9th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $17.41.

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.