Goehring & Rozencwajg Associates LLC Acquires 380,827 Shares of Uranium Energy Corp. $UEC

Goehring & Rozencwajg Associates LLC raised its stake in Uranium Energy Corp. (NYSEAMERICAN:UEC) by 20.9% in the first quarter, Holdings Channel reports. The fund owned 2,201,921 shares of the basic materials company’s stock after purchasing an additional 380,827 shares during the quarter. Uranium Energy accounts for approximately 1.6% of Goehring & Rozencwajg Associates LLC’s investment portfolio, making the stock its 20th largest holding. Goehring & Rozencwajg Associates LLC’s holdings in Uranium Energy were worth $29,726,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Price T Rowe Associates Inc. MD grew its holdings in shares of 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 valued at $774,995,000 after purchasing an additional 7,013,279 shares during the last quarter. Vanguard Group Inc. lifted its stake in Uranium Energy by 32.2% in the 4th quarter. Vanguard Group Inc. now owns 47,247,813 shares of the basic materials company’s stock valued at $551,854,000 after purchasing an additional 11,521,597 shares during the last quarter. State Street Corp boosted its position in Uranium Energy by 9.5% in the second quarter. State Street Corp now owns 23,046,686 shares of the basic materials company’s stock valued at $156,717,000 after buying an additional 2,000,516 shares in the last quarter. Van ECK Associates Corp grew its stake in shares of Uranium Energy by 25.3% during the fourth 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 last quarter. Finally, Alps Advisors Inc. grew its stake in shares of Uranium Energy by 16.3% during the fourth quarter. Alps Advisors Inc. now owns 17,462,284 shares of the basic materials company’s stock worth $203,959,000 after buying an additional 2,453,744 shares during the last quarter. 62.28% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. The Goldman Sachs Group reiterated a “buy” rating and set a $16.00 price target on shares of Uranium Energy in a report on Tuesday, June 9th. HC Wainwright reissued a “buy” rating and set a $26.75 price objective on shares of Uranium Energy in a report on Wednesday, June 10th. 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 MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $17.41.

Uranium Energy Price Performance

Shares of NYSEAMERICAN UEC opened at $10.11 on Thursday. The company has a 50 day simple moving average of $12.23 and a 200 day simple moving average of $14.00. Uranium Energy Corp. has a 1 year low of $6.91 and a 1 year high of $20.34. The firm has a market cap of $5.00 billion, a PE ratio of -84.25 and a beta of 1.18.

Uranium Energy (NYSEAMERICAN:UEC) last posted its earnings results on Tuesday, June 9th. The basic materials company reported ($0.11) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.08). As a group, research analysts anticipate that Uranium Energy Corp. will post -0.15 earnings per share for the current fiscal year.

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.