Goehring & Rozencwajg Associates LLC Has $21.27 Million Stock Holdings in Uranium Energy Corp. $UEC

Goehring & Rozencwajg Associates LLC raised its holdings in Uranium Energy Corp. (NYSEAMERICAN:UEC) by 5.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,821,094 shares of the basic materials company’s stock after purchasing an additional 91,859 shares during the quarter. Uranium Energy accounts for approximately 2.0% of Goehring & Rozencwajg Associates LLC’s investment portfolio, making the stock its 17th biggest position. Goehring & Rozencwajg Associates LLC owned about 0.38% of Uranium Energy worth $21,270,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the business. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Uranium Energy in the 4th quarter valued at $955,000. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Uranium Energy in the 4th quarter valued at $39,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Uranium Energy by 16.9% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,185,486 shares of the basic materials company’s stock valued at $13,846,000 after purchasing an additional 171,440 shares in the last quarter. Wells Fargo & Company MN boosted its holdings in shares of Uranium Energy by 7.8% in the 4th quarter. Wells Fargo & Company MN now owns 763,856 shares of the basic materials company’s stock valued at $8,922,000 after purchasing an additional 55,042 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd acquired a new stake in shares of Uranium Energy in the 4th quarter valued at $6,162,000. Institutional investors and hedge funds own 62.28% of the company’s stock.

Uranium Energy Stock Up 3.8%

NYSEAMERICAN UEC opened at $11.03 on Friday. Uranium Energy Corp. has a twelve month low of $5.90 and a twelve month high of $20.34. The company has a market cap of $5.46 billion, a price-to-earnings ratio of -91.92 and a beta of 1.12. The business’s fifty day moving average is $13.84 and its 200 day moving average is $14.28.

Uranium Energy (NYSEAMERICAN:UEC) last released its quarterly earnings data on Tuesday, March 10th. The basic materials company reported ($0.03) earnings per share for the quarter, meeting the consensus estimate of ($0.03). The firm had revenue of $20.20 million for the quarter, compared to analyst estimates of $12.85 million. On average, research analysts anticipate that Uranium Energy Corp. will post -0.15 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on UEC shares. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $16.00 target price on shares of Uranium Energy in a report on Tuesday. TD Securities reduced their target price on Uranium Energy from $22.00 to $21.00 and set a “buy” rating on the stock in a report on Wednesday, March 11th. HC Wainwright reaffirmed a “buy” rating and issued a $26.75 target price on shares of Uranium Energy in a report on Wednesday. Finally, Roth Mkm set a $17.00 target price on Uranium Energy in a report 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’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $17.41.

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.