Uranium Energy Corp. $UEC Shares Bought by General American Investors Co. Inc.

General American Investors Co. Inc. raised its stake in shares of Uranium Energy Corp. (NYSEAMERICAN:UEC) by 51.6% during the first quarter, HoldingsChannel reports. The firm owned 454,890 shares of the basic materials company’s stock after purchasing an additional 154,890 shares during the quarter. General American Investors Co. Inc.’s holdings in Uranium Energy were worth $6,141,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. 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 buying an additional 1,900 shares during the last quarter. Caitong International Asset Management Co. Ltd acquired a new position in Uranium Energy in the fourth quarter valued at approximately $39,000. PenderFund Capital Management Ltd. purchased a new position in shares of Uranium Energy during the 4th quarter valued at approximately $39,000. Strategic Advocates LLC acquired a new stake in Uranium Energy during the third quarter valued at $40,000. Finally, EFG International AG purchased a new stake in shares of Uranium Energy during the 4th quarter worth about $47,000. Institutional investors and hedge funds own 62.28% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently commented on UEC. HC Wainwright reissued a “buy” rating and issued a $26.75 price target on shares of Uranium Energy in a report on Wednesday, June 10th. The Goldman Sachs Group reiterated a “buy” rating and issued a $16.00 target price on shares of Uranium Energy in a research report on Tuesday, June 9th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Uranium Energy currently has a consensus rating of “Moderate Buy” and a consensus price target of $17.41.

Uranium Energy Stock Up 3.6%

Shares of Uranium Energy stock traded up $0.37 during mid-day trading on Friday, reaching $10.53. 5,894,695 shares of the stock traded hands, compared to its average volume of 9,251,559. The stock has a market capitalization of $5.21 billion, a PE ratio of -87.75 and a beta of 1.18. The business has a 50-day moving average of $12.52 and a 200 day moving average of $14.04. Uranium Energy Corp. has a fifty-two week low of $6.07 and a fifty-two week high of $20.34.

Uranium Energy (NYSEAMERICAN:UEC) last issued its quarterly earnings results on Tuesday, June 9th. The basic materials company reported ($0.11) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.08). On average, equities research analysts expect that Uranium Energy Corp. will post -0.15 EPS for the current fiscal year.

Uranium Energy 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.