Van ECK Associates Corp Buys 335,063 Shares of Uranium Energy Corp. (NYSEAMERICAN:UEC)

Van ECK Associates Corp lifted its stake in Uranium Energy Corp. (NYSEAMERICAN:UEC) by 24.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,690,235 shares of the basic materials company’s stock after buying an additional 335,063 shares during the period. Van ECK Associates Corp’s holdings in Uranium Energy were worth $11,409,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Farmers & Merchants Trust Co of Chambersburg PA acquired a new stake in shares of Uranium Energy during the 4th quarter valued at about $27,000. CVA Family Office LLC acquired a new position in shares of Uranium Energy in the 4th quarter worth approximately $38,000. AJOVista LLC bought a new position in shares of Uranium Energy during the 4th quarter worth approximately $40,000. CWM LLC boosted its stake in Uranium Energy by 22.2% in the 4th quarter. CWM LLC now owns 9,784 shares of the basic materials company’s stock valued at $63,000 after buying an additional 1,776 shares in the last quarter. Finally, EP Wealth Advisors LLC bought a new stake in Uranium Energy in the fourth quarter valued at $64,000. 62.28% of the stock is owned by institutional investors and hedge funds.

Uranium Energy Stock Performance

UEC traded up $0.03 during trading on Friday, hitting $6.06. The company’s stock had a trading volume of 2,703,845 shares, compared to its average volume of 7,291,528. The company’s 50 day moving average price is $6.71. Uranium Energy Corp. has a 12 month low of $2.87 and a 12 month high of $8.34.

Uranium Energy (NYSEAMERICAN:UEC) last released its quarterly earnings results on Friday, June 7th. The basic materials company reported ($0.05) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.06). Uranium Energy had a negative net margin of 8.20% and a negative return on equity of 3.05%. As a group, research analysts predict that Uranium Energy Corp. will post 0.03 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, HC Wainwright reissued a “buy” rating and set a $10.25 price objective on shares of Uranium Energy in a report on Tuesday, June 11th. One investment analyst has rated the stock with a sell rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, Uranium Energy presently has a consensus rating of “Moderate Buy” and a consensus price target of $8.90.

Uranium Energy Profile

Uranium Energy Corp., together with its subsidiaries, engages in exploration, pre-extraction, extraction, and processing uranium and titanium concentrates in the United States, Canada, and Paraguay. It owns interests in the Palangana mine, Goliad, Burke Hollow, Longhorn, and Salvo projects located in Texas; Anderson, Workman Creek, and Los Cuatros projects situated in Arizona; Dalton Pass and C de Baca project located in New Mexico; Roughrider, Shea Creek, Christie Lake, Horseshoe-Raven, Hidden Bay, Diabase, West Bear, JCU, and other project located in Canada; and Yuty, Oviedo, and Alto Paraná titanium projects in Paraguay.