Uranium Energy Corp. $UEC is MMCAP International Inc. SPC’s 5th Largest Position

MMCAP International Inc. SPC cut its stake in shares of Uranium Energy Corp. (NYSEAMERICAN:UEC) by 86.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,091,198 shares of the basic materials company’s stock after selling 13,691,772 shares during the period. Uranium Energy accounts for approximately 3.2% of MMCAP International Inc. SPC’s portfolio, making the stock its 5th largest holding. MMCAP International Inc. SPC owned approximately 0.43% of Uranium Energy worth $27,897,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. CoreCap Advisors LLC grew its stake in Uranium Energy by 3.1% during the third quarter. CoreCap Advisors LLC now owns 25,200 shares of the basic materials company’s stock valued at $336,000 after acquiring an additional 750 shares in the last quarter. GPS Wealth Strategies Group LLC boosted its holdings in Uranium Energy by 31.0% in the 3rd quarter. GPS Wealth Strategies Group LLC now owns 4,654 shares of the basic materials company’s stock valued at $62,000 after purchasing an additional 1,100 shares during the period. Ascent Wealth Partners LLC grew its position in shares of Uranium Energy by 8.3% during the 3rd quarter. Ascent Wealth Partners LLC now owns 17,336 shares of the basic materials company’s stock valued at $231,000 after purchasing an additional 1,334 shares in the last quarter. Ameritas Investment Partners Inc. grew its position in shares of Uranium Energy by 4.2% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 43,475 shares of the basic materials company’s stock valued at $296,000 after purchasing an additional 1,742 shares in the last quarter. Finally, SBI Securities Co. Ltd. increased its holdings in shares of Uranium Energy by 13.7% in the second quarter. SBI Securities Co. Ltd. now owns 15,629 shares of the basic materials company’s stock worth $106,000 after purchasing an additional 1,878 shares during the period. 62.28% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

UEC has been the subject of several research analyst reports. Roth Mkm reissued a “buy” rating and set a $16.00 price objective on shares of Uranium Energy in a research note on Thursday, December 11th. National Bank Financial raised their price target on Uranium Energy from $15.50 to $16.50 and gave the company an “outperform” rating in a report on Friday, December 19th. Zacks Research upgraded Uranium Energy from a “strong sell” rating to a “hold” rating in a research report on Monday, December 1st. Finally, The Goldman Sachs Group reissued a “buy” rating and set a $18.00 price objective on shares of Uranium Energy in a report on Wednesday, February 4th. One equities research analyst has 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. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $15.66.

Uranium Energy Stock Up 0.9%

UEC opened at $16.25 on Monday. The business’s fifty day simple moving average is $15.33 and its 200 day simple moving average is $13.52. Uranium Energy Corp. has a 52 week low of $3.85 and a 52 week high of $20.34. The stock has a market cap of $7.85 billion, a PE ratio of -135.42 and a beta of 1.21.

Uranium Energy 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.