National Bank of Canada FI Acquires 1,713 Shares of Uranium Energy Corp. (NYSEAMERICAN:UEC)

National Bank of Canada FI raised its holdings in Uranium Energy Corp. (NYSEAMERICAN:UEC) by 29.7% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 7,485 shares of the basic materials company’s stock after buying an additional 1,713 shares during the quarter. National Bank of Canada FI’s holdings in Uranium Energy were worth $46,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in UEC. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new position in Uranium Energy in the third quarter worth about $12,643,000. Van ECK Associates Corp raised its position in shares of Uranium Energy by 78.0% in the 3rd quarter. Van ECK Associates Corp now owns 4,956,971 shares of the basic materials company’s stock worth $30,783,000 after acquiring an additional 2,171,468 shares in the last quarter. Intech Investment Management LLC purchased a new position in shares of Uranium Energy in the 3rd quarter valued at approximately $600,000. The Manufacturers Life Insurance Company lifted its stake in shares of Uranium Energy by 712.5% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 1,821,256 shares of the basic materials company’s stock valued at $11,310,000 after purchasing an additional 1,597,108 shares during the period. Finally, Riggs Asset Managment Co. Inc. bought a new stake in shares of Uranium Energy during the third quarter valued at approximately $501,000. 62.28% of the stock is owned by hedge funds and other institutional investors.

Uranium Energy Stock Down 2.0 %

Uranium Energy stock opened at $7.54 on Wednesday. Uranium Energy Corp. has a 12 month low of $4.06 and a 12 month high of $8.93. The company has a market capitalization of $3.19 billion, a P/E ratio of -62.79 and a beta of 1.84. The business has a fifty day moving average of $6.57.

Uranium Energy (NYSEAMERICAN:UEC) last announced its quarterly earnings results on Thursday, September 26th. The basic materials company reported ($0.03) earnings per share (EPS) for the quarter. On average, equities analysts expect that Uranium Energy Corp. will post 0.02 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. Roth Mkm reissued a “buy” rating and set a $10.25 price objective (up previously from $9.75) on shares of Uranium Energy in a research report on Wednesday, October 23rd. HC Wainwright lifted their price target on shares of Uranium Energy from $10.25 to $11.00 and gave the company a “buy” rating in a research report on Monday, December 9th.

Uranium Energy Company Profile

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.