DnB Asset Management AS Makes New $82,000 Investment in Uranium Energy Corp. (NYSEAMERICAN:UEC)

DnB Asset Management AS bought a new stake in Uranium Energy Corp. (NYSEAMERICAN:UEC) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 12,236 shares of the basic materials company’s stock, valued at approximately $82,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Norges Bank acquired a new position in shares of Uranium Energy in the 4th quarter valued at $100,773,000. JPMorgan Chase & Co. boosted its holdings in Uranium Energy by 45.9% during the fourth quarter. JPMorgan Chase & Co. now owns 15,842,713 shares of the basic materials company’s stock valued at $105,988,000 after purchasing an additional 4,982,949 shares in the last quarter. Segra Capital Management LLC raised its holdings in shares of Uranium Energy by 81.0% in the 3rd quarter. Segra Capital Management LLC now owns 4,036,529 shares of the basic materials company’s stock worth $24,926,000 after buying an additional 1,806,529 shares in the last quarter. Emerald Advisers LLC acquired a new position in shares of Uranium Energy in the 4th quarter worth approximately $11,114,000. Finally, Van ECK Associates Corp lifted its position in shares of Uranium Energy by 33.2% during the 4th quarter. Van ECK Associates Corp now owns 6,602,890 shares of the basic materials company’s stock worth $44,174,000 after buying an additional 1,645,919 shares during the period. 62.28% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Uranium Energy Trading Up 1.1 %

Shares of NYSEAMERICAN UEC opened at $4.71 on Thursday. Uranium Energy Corp. has a 1-year low of $4.06 and a 1-year high of $8.93. The company has a 50-day moving average of $6.14 and a two-hundred day moving average of $6.74. The company has a market cap of $1.99 billion, a PE ratio of -39.25 and a beta of 1.88.

About Uranium Energy

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.