Boundless Plain Holdings Ltd Takes $2.09 Million Position in Uranium Energy Corp. $UEC

Boundless Plain Holdings Ltd acquired a new stake in shares of Uranium Energy Corp. (NYSEAMERICAN:UEC) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 178,500 shares of the basic materials company’s stock, valued at approximately $2,085,000. Uranium Energy accounts for about 0.7% of Boundless Plain Holdings Ltd’s portfolio, making the stock its 16th largest holding.

A number of other hedge funds have also recently modified their holdings of UEC. Ameritas Advisory Services LLC bought a new stake in shares of Uranium Energy during the 3rd quarter valued at $33,000. Sound Income Strategies LLC lifted its stake in shares of 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 valued at $36,000 after buying an additional 1,900 shares in the last quarter. Strategic Advocates LLC purchased a new position in shares of Uranium Energy during the 3rd quarter valued at $40,000. N.E.W. Advisory Services LLC purchased a new position in shares of Uranium Energy during the 4th quarter valued at $53,000. Finally, Allworth Financial LP lifted its stake in shares of Uranium Energy by 177.6% during the 4th quarter. Allworth Financial LP now owns 4,714 shares of the basic materials company’s stock valued at $55,000 after buying an additional 3,016 shares in the last quarter. Institutional investors own 62.28% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on UEC shares. The Goldman Sachs Group restated a “buy” rating and set a $18.00 target price on shares of Uranium Energy in a research note on Wednesday, February 4th. HC Wainwright restated a “buy” rating and set a $26.75 target price on shares of Uranium Energy in a research note on Wednesday. TD Securities lowered their target price on shares of Uranium Energy from $22.00 to $21.00 and set a “buy” rating on the stock in a research note on Wednesday, March 11th. Finally, Roth Mkm set a $17.00 target price on shares of Uranium Energy in a research note on Wednesday, March 11th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $17.66.

Uranium Energy Stock Down 0.6%

Shares of UEC stock opened at $13.02 on Friday. The stock has a market cap of $6.38 billion, a P/E ratio of -108.50 and a beta of 1.17. Uranium Energy Corp. has a 52 week low of $5.63 and a 52 week high of $20.34. The company’s fifty day simple moving average is $13.98 and its two-hundred day simple moving average is $14.22.

Uranium Energy (NYSEAMERICAN:UEC) last announced its quarterly earnings results on Tuesday, March 10th. The basic materials company reported ($0.03) EPS for the quarter, hitting the consensus estimate of ($0.03). The company had revenue of $20.20 million during the quarter, compared to analysts’ expectations of $12.85 million. On average, analysts anticipate that Uranium Energy Corp. will post -0.12 EPS for the current fiscal year.

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.