Mirae Asset Global Investments Co. Ltd. Has $8.07 Million Stock Position in Uranium Energy Corp. $UEC

Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Uranium Energy Corp. (NYSEAMERICAN:UEC) by 293.9% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 605,013 shares of the basic materials company’s stock after buying an additional 451,399 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Uranium Energy were worth $8,071,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of UEC. State Street Corp lifted its holdings in shares of Uranium Energy by 9.5% in the second quarter. State Street Corp now owns 23,046,686 shares of the basic materials company’s stock worth $156,717,000 after acquiring an additional 2,000,516 shares during the last quarter. Norges Bank acquired a new position in shares of Uranium Energy during the second quarter worth $105,058,000. Geode Capital Management LLC lifted its stake in shares of Uranium Energy by 3.0% in the 2nd quarter. Geode Capital Management LLC now owns 9,902,310 shares of the basic materials company’s stock valued at $67,344,000 after acquiring an additional 289,662 shares during the last quarter. Ameriprise Financial Inc. boosted its holdings in shares of Uranium Energy by 10.9% during the 2nd quarter. Ameriprise Financial Inc. now owns 7,379,554 shares of the basic materials company’s stock valued at $50,181,000 after acquiring an additional 722,458 shares in the last quarter. Finally, Caxton Associates LLP grew its position in Uranium Energy by 11,233.4% during the 2nd quarter. Caxton Associates LLP now owns 4,093,058 shares of the basic materials company’s stock worth $27,833,000 after acquiring an additional 4,056,943 shares during the last quarter. Institutional investors own 62.28% of the company’s stock.

Uranium Energy Stock Performance

Uranium Energy stock opened at $17.24 on Friday. The firm has a market cap of $8.33 billion, a price-to-earnings ratio of -143.67 and a beta of 1.23. Uranium Energy Corp. has a 52-week low of $3.85 and a 52-week high of $20.34. The firm has a 50 day moving average price of $14.38 and a two-hundred day moving average price of $12.71.

Wall Street Analysts Forecast Growth

Several research firms have commented on UEC. Zacks Research upgraded Uranium Energy from a “strong sell” rating to a “hold” rating in a research report on Monday, December 1st. Roth Mkm reiterated a “buy” rating and set a $16.00 target price on shares of Uranium Energy in a research report on Thursday, December 11th. National Bankshares boosted their target price on shares of Uranium Energy from $15.50 to $16.50 and gave the stock an “outperform” rating in a report on Friday, December 19th. Finally, Stifel Nicolaus assumed coverage on shares of Uranium Energy in a research note on Monday, October 6th. They set a “buy” rating and a $10.50 price target for the company. Two research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, Uranium Energy currently has a consensus rating of “Buy” and an average target price of $14.92.

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.