244,565 Shares in Uranium Energy Corp. $UEC Purchased by Hsbc Holdings PLC

Hsbc Holdings PLC acquired a new stake in shares of Uranium Energy Corp. (NYSEAMERICAN:UEC) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 244,565 shares of the basic materials company’s stock, valued at approximately $2,857,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Sound Income Strategies LLC lifted its stake in shares of Uranium Energy by 159.1% in the fourth quarter. Sound Income Strategies LLC now owns 3,094 shares of the basic materials company’s stock worth $36,000 after buying an additional 1,900 shares in the last quarter. Caitong International Asset Management Co. Ltd bought a new stake in shares of Uranium Energy during the fourth quarter valued at approximately $39,000. PenderFund Capital Management Ltd. purchased a new position in Uranium Energy in the 4th quarter worth approximately $39,000. Strategic Advocates LLC purchased a new position in Uranium Energy in the 3rd quarter worth approximately $40,000. Finally, EFG International AG bought a new position in Uranium Energy in the 4th quarter valued at approximately $47,000. 62.28% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have commented on UEC. The Goldman Sachs Group reiterated a “buy” rating and set a $16.00 target price on shares of Uranium Energy in a research note on Tuesday, June 9th. Roth Mkm set a $17.00 price target on Uranium Energy in a research note on Wednesday, March 11th. TD Securities lowered their price target on Uranium Energy from $22.00 to $21.00 and set a “buy” rating on the stock in a report on Wednesday, March 11th. Finally, HC Wainwright reaffirmed a “buy” rating and set a $26.75 price objective on shares of Uranium Energy in a research report on Wednesday, June 10th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, Uranium Energy currently has an average rating of “Moderate Buy” and an average price target of $17.41.

Uranium Energy Price Performance

Shares of Uranium Energy stock opened at $10.80 on Monday. The company’s fifty day simple moving average is $13.37 and its 200-day simple moving average is $14.21. The stock has a market capitalization of $5.34 billion, a PE ratio of -90.00 and a beta of 1.12. Uranium Energy Corp. has a 1-year low of $5.90 and a 1-year high of $20.34.

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.