Uranium Energy Corp. $UEC Shares Bought by Titan Global Capital Management USA LLC

Titan Global Capital Management USA LLC boosted its position in shares of Uranium Energy Corp. (NYSEAMERICAN:UEC) by 7.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,875,810 shares of the basic materials company’s stock after acquiring an additional 191,765 shares during the period. Uranium Energy comprises 4.8% of Titan Global Capital Management USA LLC’s investment portfolio, making the stock its 4th biggest holding. Titan Global Capital Management USA LLC owned about 0.59% of Uranium Energy worth $33,589,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in Uranium Energy by 34.5% during the 3rd quarter. Vanguard Group Inc. now owns 35,726,216 shares of the basic materials company’s stock worth $476,588,000 after acquiring an additional 9,159,024 shares in the last quarter. Pinnacle Associates Ltd. grew its holdings in Uranium Energy by 38.2% during the 3rd quarter. Pinnacle Associates Ltd. now owns 1,463,561 shares of the basic materials company’s stock worth $19,524,000 after acquiring an additional 404,799 shares in the last quarter. Nordea Investment Management AB acquired a new position in Uranium Energy during the 4th quarter worth approximately $4,076,000. Massachusetts Financial Services Co. MA acquired a new position in Uranium Energy during the 4th quarter worth approximately $22,260,000. Finally, Black Swift Group LLC purchased a new stake in shares of Uranium Energy during the 3rd quarter worth approximately $1,735,000. Institutional investors and hedge funds own 62.28% of the company’s stock.

Uranium Energy Price Performance

UEC stock opened at $13.77 on Friday. The company has a fifty day moving average price of $13.96 and a 200 day moving average price of $14.23. Uranium Energy Corp. has a 12 month low of $5.63 and a 12 month high of $20.34. The company has a market cap of $6.75 billion, a price-to-earnings ratio of -114.75 and a beta of 1.17.

Uranium Energy (NYSEAMERICAN:UEC) last released its quarterly earnings results on Tuesday, March 10th. The basic materials company reported ($0.03) EPS for the quarter, meeting the consensus estimate of ($0.03). The business had revenue of $20.20 million during the quarter, compared to analysts’ expectations of $12.85 million. As a group, analysts anticipate that Uranium Energy Corp. will post -0.12 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on UEC. The Goldman Sachs Group restated a “buy” rating and set a $18.00 price objective on shares of Uranium Energy in a research report on Wednesday, February 4th. HC Wainwright restated a “buy” rating and set a $26.75 price objective on shares of Uranium Energy in a research report on Wednesday, May 20th. TD Securities reduced their price objective on shares of Uranium Energy from $22.00 to $21.00 and set a “buy” rating for the company in a research report on Wednesday, March 11th. Finally, Roth Mkm set a $17.00 price objective on shares of Uranium Energy in a research report on Wednesday, March 11th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $17.66.

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.