Franklin Resources Inc. Buys 2,505 Shares of Uranium Energy Corp. (NYSEAMERICAN:UEC)

Franklin Resources Inc. boosted its stake in Uranium Energy Corp. (NYSEAMERICAN:UEC) by 12.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 22,245 shares of the basic materials company’s stock after purchasing an additional 2,505 shares during the period. Franklin Resources Inc.’s holdings in Uranium Energy were worth $138,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in UEC. Vontobel Holding Ltd. boosted its stake in shares of Uranium Energy by 3.9% during the 3rd quarter. Vontobel Holding Ltd. now owns 38,548 shares of the basic materials company’s stock worth $239,000 after acquiring an additional 1,461 shares during the last quarter. Integrated Wealth Concepts LLC lifted its position in Uranium Energy by 4.4% during the third quarter. Integrated Wealth Concepts LLC now owns 36,773 shares of the basic materials company’s stock valued at $228,000 after purchasing an additional 1,560 shares in the last quarter. National Bank of Canada FI grew its holdings in Uranium Energy by 29.7% during the third quarter. National Bank of Canada FI now owns 7,485 shares of the basic materials company’s stock valued at $46,000 after purchasing an additional 1,713 shares during the period. Choreo LLC increased its position in Uranium Energy by 11.0% in the second quarter. Choreo LLC now owns 24,505 shares of the basic materials company’s stock worth $141,000 after buying an additional 2,420 shares in the last quarter. Finally, Fiduciary Trust Co raised its stake in shares of Uranium Energy by 12.4% in the third quarter. Fiduciary Trust Co now owns 23,660 shares of the basic materials company’s stock worth $147,000 after buying an additional 2,619 shares during the period. 62.28% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

UEC has been the subject of a number of recent research reports. HC Wainwright boosted their price objective on Uranium Energy from $10.25 to $11.00 and gave the company a “buy” rating in a research note on Monday, December 9th. Roth Mkm reiterated a “buy” rating and issued a $10.25 price target (up from $9.75) on shares of Uranium Energy in a research report on Wednesday, October 23rd.

Uranium Energy Stock Performance

NYSEAMERICAN UEC opened at $7.62 on Friday. Uranium Energy Corp. has a twelve month low of $4.06 and a twelve month high of $8.93. The stock has a 50-day simple moving average of $6.61. The company has a market capitalization of $3.22 billion, a price-to-earnings ratio of -63.50 and a beta of 1.84.

Uranium Energy 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.