Ardsley Advisory Partners LP Makes New Investment in Uranium Energy Corp. $UEC

Ardsley Advisory Partners LP bought a new position in shares of Uranium Energy Corp. (NYSEAMERICAN:UEC) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 75,000 shares of the basic materials company’s stock, valued at approximately $876,000.

Several other hedge funds have also recently bought and sold shares of the stock. Price T Rowe Associates Inc. MD raised its holdings in Uranium Energy by 11.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 66,352,123 shares of the basic materials company’s stock worth $774,995,000 after buying an additional 7,013,279 shares during the period. Vanguard Group Inc. raised its holdings in Uranium Energy by 32.2% during the 4th quarter. Vanguard Group Inc. now owns 47,247,813 shares of the basic materials company’s stock worth $551,854,000 after buying an additional 11,521,597 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Uranium Energy by 9.9% during the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 26,599,686 shares of the basic materials company’s stock worth $354,847,000 after buying an additional 2,393,683 shares during the period. State Street Corp raised its holdings in Uranium Energy by 9.5% during the 2nd quarter. State Street Corp now owns 23,046,686 shares of the basic materials company’s stock worth $156,717,000 after buying an additional 2,000,516 shares during the period. Finally, Van ECK Associates Corp raised its holdings in Uranium Energy by 25.3% during the 4th quarter. Van ECK Associates Corp now owns 19,665,665 shares of the basic materials company’s stock worth $229,695,000 after buying an additional 3,969,046 shares during the period. 62.28% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. The Goldman Sachs Group restated a “buy” rating and set a $16.00 target price on shares of Uranium Energy in a report on Tuesday, June 9th. Roth Mkm set a $17.00 price objective on shares of Uranium Energy in a report on Wednesday, March 11th. HC Wainwright reiterated a “buy” rating and issued a $26.75 price objective on shares of Uranium Energy in a report on Wednesday, June 10th. Finally, TD Securities cut their price objective on shares of Uranium Energy from $22.00 to $21.00 and set a “buy” rating on the stock in a research report on Wednesday, March 11th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $17.41.

Uranium Energy Trading Down 2.1%

Shares of UEC opened at $11.42 on Thursday. Uranium Energy Corp. has a 12 month low of $5.90 and a 12 month high of $20.34. The firm has a fifty day simple moving average of $13.73 and a 200 day simple moving average of $14.29. The stock has a market capitalization of $5.65 billion, a price-to-earnings ratio of -95.17 and a beta of 1.12.

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.