ARP Global Capital Ltd Invests $1.15 Million in Uranium Energy Corp. $UEC

ARP Global Capital Ltd purchased a new stake in shares of Uranium Energy Corp. (NYSEAMERICAN:UEC) during the 4th quarter, Holdings Channel reports. The fund purchased 98,500 shares of the basic materials company’s stock, valued at approximately $1,150,000. Uranium Energy accounts for about 0.3% of ARP Global Capital Ltd’s portfolio, making the stock its 26th largest position.

Other institutional investors have also added to or reduced their stakes in the company. Ameritas Advisory Services LLC acquired a new stake in Uranium Energy in the third quarter valued at approximately $33,000. Operose Advisors LLC bought a new stake in shares of Uranium Energy during the second quarter worth $34,000. Sound Income Strategies LLC increased its holdings in shares of Uranium Energy by 159.1% during 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 position in shares of Uranium Energy in the 4th quarter valued at $39,000. Finally, PenderFund Capital Management Ltd. bought a new position in shares of Uranium Energy in the 4th quarter valued at $39,000. 62.28% of the stock is currently owned by institutional investors and hedge funds.

Uranium Energy Trading Down 4.8%

NYSEAMERICAN UEC opened at $13.41 on Friday. The firm has a market capitalization of $6.48 billion, a PE ratio of -111.75 and a beta of 1.21. The business’s 50-day moving average price is $16.07 and its two-hundred day moving average price is $13.97. Uranium Energy Corp. has a 12 month low of $3.85 and a 12 month high of $20.34.

Uranium Energy (NYSEAMERICAN:UEC) last issued its quarterly earnings data on Tuesday, March 10th. The basic materials company reported ($0.03) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.03). The company had revenue of $20.20 million for the quarter, compared to the consensus estimate of $12.85 million. As a group, analysts forecast that Uranium Energy Corp. will post 0.01 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. TD Securities cut their price objective on Uranium Energy from $22.00 to $21.00 and set a “buy” rating on the stock in a report on Wednesday. National Bank Financial increased their target price on Uranium Energy from $15.50 to $16.50 and gave the company an “outperform” rating in a research report on Friday, December 19th. Zacks Research raised Uranium Energy from a “strong sell” rating to a “hold” rating in a research note on Monday, December 1st. The Goldman Sachs Group restated a “buy” rating and set a $18.00 price target on shares of Uranium Energy in a report on Wednesday, February 4th. Finally, Roth Mkm reaffirmed a “buy” rating and issued a $16.00 price objective on shares of Uranium Energy in a research note on Thursday, December 11th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $17.53.

About Uranium Energy

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.