Goehring & Rozencwajg Associates LLC Has $21.27 Million Stake in Uranium Energy Corp. $UEC

Goehring & Rozencwajg Associates LLC lifted its position in shares of Uranium Energy Corp. (NYSEAMERICAN:UEC) by 5.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,821,094 shares of the basic materials company’s stock after acquiring an additional 91,859 shares during the quarter. Uranium Energy makes up approximately 2.0% of Goehring & Rozencwajg Associates LLC’s portfolio, making the stock its 17th biggest position. Goehring & Rozencwajg Associates LLC’s holdings in Uranium Energy were worth $21,270,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of UEC. Ameritas Advisory Services LLC acquired a new stake in shares of Uranium Energy during the 3rd quarter valued at $33,000. Sound Income Strategies LLC raised its position in Uranium Energy by 159.1% during the 4th quarter. Sound Income Strategies LLC now owns 3,094 shares of the basic materials company’s stock worth $36,000 after purchasing an additional 1,900 shares during the last quarter. Caitong International Asset Management Co. Ltd bought a new position in Uranium Energy during the 4th quarter worth $39,000. Strategic Advocates LLC bought a new position in Uranium Energy during the 3rd quarter worth $40,000. Finally, N.E.W. Advisory Services LLC bought a new position in Uranium Energy during the 4th quarter worth $53,000. Institutional investors and hedge funds own 62.28% of the company’s stock.

Analyst Ratings Changes

UEC has been the subject of several analyst reports. TD Securities lowered their target price on Uranium Energy from $22.00 to $21.00 and set a “buy” rating for the company in a research report on Wednesday, March 11th. HC Wainwright reaffirmed a “buy” rating and issued a $26.75 price objective on shares of Uranium Energy in a research note on Wednesday. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $16.00 price objective on shares of Uranium Energy in a research note on Tuesday. Finally, Roth Mkm set a $17.00 price objective on Uranium Energy in a research note on Wednesday, March 11th. One equities research 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’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $17.41.

Uranium Energy Price Performance

Uranium Energy stock opened at $11.03 on Friday. The stock’s 50 day moving average is $13.84 and its 200 day moving average is $14.28. The firm has a market cap of $5.46 billion, a P/E ratio of -91.92 and a beta of 1.12. Uranium Energy Corp. has a one year low of $5.90 and a one year high of $20.34.

Uranium Energy (NYSEAMERICAN:UEC) last posted its quarterly earnings data on Tuesday, March 10th. The basic materials company reported ($0.03) EPS for the quarter, hitting analysts’ consensus estimates of ($0.03). The company had revenue of $20.20 million during the quarter, compared to analyst estimates of $12.85 million. Equities analysts anticipate that Uranium Energy Corp. will post -0.15 earnings per share for the current fiscal year.

Uranium Energy Company Profile

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.