Mirae Asset Global Investments Co. Ltd. Makes New Investment in Uranium Energy Corp. $UEC

Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Uranium Energy Corp. (NYSEAMERICAN:UEC) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 123,935 shares of the basic materials company’s stock, valued at approximately $1,171,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. BlackRock Inc. acquired a new position in Uranium Energy in the second quarter valued at $432,676,000. Van ECK Associates Corp lifted its holdings in shares of Uranium Energy by 21.8% during the second quarter. Van ECK Associates Corp now owns 29,034,465 shares of the basic materials company’s stock worth $309,507,000 after purchasing an additional 5,191,738 shares during the period. Encompass Capital Advisors LLC purchased a new position in Uranium Energy in the 1st quarter valued at $40,500,000. Wellington Management Group LLP grew its position in Uranium Energy by 62.2% in the 2nd quarter. Wellington Management Group LLP now owns 5,310,825 shares of the basic materials company’s stock valued at $56,613,000 after buying an additional 2,035,586 shares during the last quarter. Finally, Bank of New York Mellon Corp acquired a new position in Uranium Energy in the 2nd quarter valued at $19,170,000. 62.28% of the stock is owned by hedge funds and other institutional investors.

Uranium Energy Stock Performance

UEC opened at $6.92 on Monday. The company has a market cap of $3.43 billion, a price-to-earnings ratio of -24.71 and a beta of 1.36. Uranium Energy Corp. has a one year low of $6.11 and a one year high of $20.34. The business’s fifty day moving average is $9.28 and its two-hundred day moving average is $12.29.

Uranium Energy (NYSEAMERICAN:UEC) last announced its quarterly earnings results on Tuesday, September 29th. The basic materials company reported ($0.12) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.08). The firm had revenue of $17.05 million during the quarter, compared to analyst estimates of $9.00 million. On average, analysts predict that Uranium Energy Corp. will post -0.20 EPS for the current fiscal year.

More Uranium Energy News

Here are the key news stories impacting Uranium Energy this week:

• Positive Sentiment: UEC signed six-year supply agreements with two U.S. nuclear utilities covering a total of 1.1 million pounds of uranium. The contracts provide sales-volume visibility while leaving deliveries priced at prevailing spot-market rates, with no fixed prices, floors, or ceilings. That preserves potential upside if uranium prices rise; UEC said it averaged $93.13 per pound in fiscal 2026. Article: Uranium Energy Signs Six-Year Supply Deals
• Neutral Sentiment: The unhedged pricing also means UEC receives no guaranteed price for these volumes: weaker spot prices could reduce the revenue realized on deliveries. Article: UEC sales contracts announcement
• Neutral Sentiment: A valuation article raises the question of whether UEC’s market value is supported by its book value, but does not establish that the shares are overvalued. The debate may keep investor attention on the balance sheet after a period of share-price weakness. Article: Is Uranium Energy Priced Too Richly On Book Value?
• Negative Sentiment: A separate report warns that a crisis in Paraguay could threaten the country’s uranium ambitions. The article does not establish a direct impact on UEC, so any company-specific risk depends on its exposure to projects there. Article: Paraguay crisis may threaten uranium ambitions

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on UEC. Jefferies Financial Group assumed coverage on shares of Uranium Energy in a research note on Thursday, September 3rd. They set a “hold” rating and a $11.50 price target on the stock. National Bank Financial lowered their price objective on Uranium Energy from $16.00 to $15.00 and set an “outperform” rating on the stock in a report on Monday, October 5th. HC Wainwright reaffirmed a “buy” rating and issued a $26.75 price objective on shares of Uranium Energy in a report on Wednesday, September 30th. Royal Bank Of Canada assumed coverage on Uranium Energy in a research note on Friday, October 2nd. They set a “sector perform” rating and a $10.00 target price for the company. Finally, Zacks Research cut Uranium Energy from a “hold” rating to a “strong sell” rating in a report on Monday, October 5th. Five equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $16.75.

Uranium Energy Profile

Uranium Energy Corp. is a uranium mining and exploration company focused on supplying uranium for nuclear power generation. Its activities include developing and operating in-situ recovery projects, a mining method that dissolves uranium underground and pumps it to the surface for processing. The company’s principal product is uranium concentrate.

The company’s U.S. projects and processing facilities are located primarily in Wyoming and South Texas. It also holds uranium exploration and development interests in Canada, including projects in the Athabasca Basin.

Founded in 2003, Uranium Energy is led by President and Chief Executive Officer Amir Adnani, a company co-founder.