Chesapeake Capital Corp IL Invests $220,000 in Uranium Energy Corp. (NYSEAMERICAN:UEC)

Chesapeake Capital Corp IL bought a new position in Uranium Energy Corp. (NYSEAMERICAN:UEC) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 32,850 shares of the basic materials company’s stock, valued at approximately $220,000.

Several other institutional investors have also recently made changes to their positions in UEC. Harbour Investments Inc. lifted its holdings in shares of Uranium Energy by 947.4% in the 4th quarter. Harbour Investments Inc. now owns 3,886 shares of the basic materials company’s stock worth $26,000 after acquiring an additional 3,515 shares during the last quarter. GAMMA Investing LLC increased its stake in Uranium Energy by 180.1% in the 4th quarter. GAMMA Investing LLC now owns 4,338 shares of the basic materials company’s stock worth $29,000 after buying an additional 2,789 shares during the period. BNP Paribas purchased a new position in Uranium Energy in the 3rd quarter worth about $38,000. National Bank of Canada FI increased its stake in Uranium Energy by 29.7% in the 3rd quarter. National Bank of Canada FI now owns 7,485 shares of the basic materials company’s stock worth $46,000 after buying an additional 1,713 shares during the period. Finally, Stonehage Fleming Financial Services Holdings Ltd increased its stake in Uranium Energy by 21.1% in the 4th quarter. Stonehage Fleming Financial Services Holdings Ltd now owns 7,870 shares of the basic materials company’s stock worth $53,000 after buying an additional 1,370 shares during the period. Institutional investors own 62.28% of the company’s stock.

Wall Street Analysts Forecast Growth

UEC has been the topic of several recent analyst reports. Stifel Canada raised shares of Uranium Energy to a “strong-buy” rating in a research note on Tuesday, March 11th. National Bank Financial initiated coverage on shares of Uranium Energy in a research note on Wednesday, February 12th. They issued an “outperform” rating and a $10.00 price target on the stock. Stifel Nicolaus set a $10.50 price target on shares of Uranium Energy in a research note on Wednesday, March 12th. HC Wainwright reissued a “buy” rating and set a $12.25 target price on shares of Uranium Energy in a research report on Thursday, March 13th. Finally, National Bankshares set a $10.00 target price on shares of Uranium Energy and gave the company an “outperform” rating in a research report on Wednesday, February 12th. Four research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, Uranium Energy currently has an average rating of “Buy” and an average target price of $10.60.

Uranium Energy Stock Performance

NYSEAMERICAN UEC opened at $5.52 on Wednesday. The company has a market capitalization of $2.34 billion, a price-to-earnings ratio of -46.00 and a beta of 1.88. The company’s 50-day simple moving average is $6.57 and its two-hundred day simple moving average is $6.87. Uranium Energy Corp. has a one year low of $4.06 and a one year high of $8.93.

Uranium Energy Company Profile

Uranium Energy Corp., together with its subsidiaries, engages in exploration, pre-extraction, extraction, and processing uranium and titanium concentrates in the United States, Canada, and Paraguay. It owns interests in the Palangana mine, Goliad, Burke Hollow, Longhorn, and Salvo projects located in Texas; Anderson, Workman Creek, and Los Cuatros projects situated in Arizona; Dalton Pass and C de Baca project located in New Mexico; Roughrider, Shea Creek, Christie Lake, Horseshoe-Raven, Hidden Bay, Diabase, West Bear, JCU, and other project located in Canada; and Yuty, Oviedo, and Alto Paraná titanium projects in Paraguay.