Uranium Energy Corp. (NYSEAMERICAN:UEC) Position Raised by Van ECK Associates Corp

Van ECK Associates Corp boosted its holdings in Uranium Energy Corp. (NYSEAMERICAN:UEC) by 33.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 6,602,890 shares of the basic materials company’s stock after buying an additional 1,645,919 shares during the quarter. Van ECK Associates Corp owned 1.56% of Uranium Energy worth $44,174,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Powell Investment Advisors LLC acquired a new position in Uranium Energy in the fourth quarter worth approximately $72,000. Strategic Financial Concepts LLC acquired a new position in Uranium Energy in the fourth quarter worth approximately $323,000. Riggs Asset Managment Co. Inc. grew its position in Uranium Energy by 113.6% in the fourth quarter. Riggs Asset Managment Co. Inc. now owns 172,386 shares of the basic materials company’s stock worth $1,184,000 after buying an additional 91,665 shares during the last quarter. DAVENPORT & Co LLC acquired a new position in Uranium Energy in the fourth quarter worth approximately $140,000. Finally, Clear Creek Financial Management LLC grew its position in Uranium Energy by 77.6% in the fourth quarter. Clear Creek Financial Management LLC now owns 22,177 shares of the basic materials company’s stock worth $148,000 after buying an additional 9,690 shares during the last quarter. Institutional investors and hedge funds own 62.28% of the company’s stock.

Uranium Energy Stock Performance

Uranium Energy stock opened at $6.98 on Friday. The firm’s fifty day moving average is $6.64. Uranium Energy Corp. has a 12 month low of $4.06 and a 12 month high of $8.93. The stock has a market cap of $2.95 billion, a PE ratio of -58.17 and a beta of 1.88.

Analyst Ratings Changes

Several equities analysts have weighed in on the stock. National Bankshares set a $10.00 price objective on shares of Uranium Energy and gave the stock an “outperform” rating in a research report on Wednesday. National Bank Financial assumed coverage on shares of Uranium Energy in a research report on Wednesday. They set an “outperform” rating and a $10.00 price objective on the stock. Roth Mkm reiterated a “buy” rating and set a $10.25 price objective (up from $9.75) on shares of Uranium Energy in a research report on Wednesday, October 23rd. Finally, HC Wainwright lifted their price objective on shares of Uranium Energy from $10.25 to $11.00 and gave the stock a “buy” rating in a research report on Monday, December 9th.

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.