Banque Cantonale Vaudoise Increases Holdings in Uranium Energy Corp. $UEC

Banque Cantonale Vaudoise lifted its position in Uranium Energy Corp. (NYSEAMERICAN:UEC) by 62.3% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 121,277 shares of the basic materials company’s stock after purchasing an additional 46,552 shares during the period. Banque Cantonale Vaudoise’s holdings in Uranium Energy were worth $1,417,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the company. Independent Wealth Network Inc. boosted its holdings in shares of Uranium Energy by 2.0% in the fourth quarter. Independent Wealth Network Inc. now owns 30,514 shares of the basic materials company’s stock valued at $356,000 after purchasing an additional 597 shares during the period. Clear Creek Financial Management LLC boosted its holdings in shares of Uranium Energy by 2.3% in the fourth quarter. Clear Creek Financial Management LLC now owns 28,949 shares of the basic materials company’s stock valued at $338,000 after purchasing an additional 655 shares during the period. U.S. Capital Wealth Advisors LLC raised its stake in Uranium Energy by 5.2% in the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 15,778 shares of the basic materials company’s stock worth $184,000 after buying an additional 778 shares in the last quarter. Heritage Family Offices LLP raised its stake in Uranium Energy by 5.2% in the fourth quarter. Heritage Family Offices LLP now owns 15,785 shares of the basic materials company’s stock worth $184,000 after buying an additional 785 shares in the last quarter. Finally, Farther Finance Advisors LLC raised its stake in Uranium Energy by 3.1% in the fourth quarter. Farther Finance Advisors LLC now owns 27,170 shares of the basic materials company’s stock worth $317,000 after buying an additional 824 shares in the last quarter. Hedge funds and other institutional investors own 62.28% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. Roth Mkm set a $17.00 price objective on shares of Uranium Energy in a research note on Wednesday, March 11th. TD Securities reduced their price objective on shares of Uranium Energy from $22.00 to $21.00 and set a “buy” rating for the company in a research note on Wednesday, March 11th. The Goldman Sachs Group reissued a “buy” rating and issued a $18.00 price objective on shares of Uranium Energy in a research note on Wednesday, February 4th. Finally, HC Wainwright reissued a “buy” rating and issued a $26.75 price objective on shares of Uranium Energy in a research note on Wednesday. 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. Based on data from MarketBeat, Uranium Energy has a consensus rating of “Moderate Buy” and a consensus price target of $17.66.

Uranium Energy Stock Up 2.7%

Shares of NYSEAMERICAN:UEC opened at $13.10 on Friday. The company has a market capitalization of $6.42 billion, a price-to-earnings ratio of -109.17 and a beta of 1.17. Uranium Energy Corp. has a 52 week low of $5.08 and a 52 week high of $20.34. The firm has a 50 day moving average of $14.00 and a 200 day moving average of $14.22.

Uranium Energy (NYSEAMERICAN:UEC) last issued its quarterly earnings results on Tuesday, March 10th. The basic materials company reported ($0.03) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.03). The business had revenue of $20.20 million for the quarter, compared to analyst estimates of $12.85 million. On average, sell-side analysts expect that Uranium Energy Corp. will post -0.12 EPS for the current year.

Uranium Energy 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.