Uranium Energy Corp. (NYSEAMERICAN:UEC) Shares Purchased by Van ECK Associates Corp

Van ECK Associates Corp boosted its position in Uranium Energy Corp. (NYSEAMERICAN:UEC) by 24.7% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,690,235 shares of the basic materials company’s stock after buying an additional 335,063 shares during the period. Van ECK Associates Corp owned approximately 0.42% of Uranium Energy worth $11,409,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of UEC. Farmers & Merchants Trust Co of Chambersburg PA purchased a new position in shares of Uranium Energy during the 4th quarter valued at about $27,000. CVA Family Office LLC purchased a new position in Uranium Energy during the fourth quarter valued at approximately $38,000. AJOVista LLC acquired a new position in Uranium Energy in the fourth quarter valued at approximately $40,000. CWM LLC lifted its stake in shares of Uranium Energy by 22.2% in the 4th quarter. CWM LLC now owns 9,784 shares of the basic materials company’s stock valued at $63,000 after purchasing an additional 1,776 shares during the period. Finally, EP Wealth Advisors LLC purchased a new position in Uranium Energy during the fourth quarter worth approximately $64,000. Institutional investors and hedge funds own 62.28% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, HC Wainwright reaffirmed a “buy” rating and issued a $10.25 price target on shares of Uranium Energy in a research note on Tuesday, June 11th. One equities research analyst has rated the stock with a sell rating and five have given a buy rating to the company’s stock. According to MarketBeat, Uranium Energy currently has an average rating of “Moderate Buy” and an average target price of $8.90.

Uranium Energy Price Performance

UEC stock traded up $0.03 during mid-day trading on Friday, hitting $6.06. 2,703,845 shares of the company were exchanged, compared to its average volume of 7,291,528. The firm’s fifty day simple moving average is $6.71. Uranium Energy Corp. has a 12-month low of $2.87 and a 12-month high of $8.34.

Uranium Energy (NYSEAMERICAN:UEC) last issued its quarterly earnings data on Friday, June 7th. The basic materials company reported ($0.05) earnings per share for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.06). Uranium Energy had a negative net margin of 8.20% and a negative return on equity of 3.05%. Sell-side analysts anticipate that Uranium Energy Corp. will post 0.03 EPS for the current fiscal year.

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.