Mirae Asset Global Investments Co. Ltd. Has $8.07 Million Holdings in Uranium Energy Corp. $UEC

Mirae Asset Global Investments Co. Ltd. raised its holdings in Uranium Energy Corp. (NYSEAMERICAN:UEC) by 293.9% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 605,013 shares of the basic materials company’s stock after buying an additional 451,399 shares during the period. Mirae Asset Global Investments Co. Ltd. owned about 0.13% of Uranium Energy worth $8,071,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in UEC. Norges Bank acquired a new stake in Uranium Energy during the 2nd quarter valued at $105,058,000. Caxton Associates LLP lifted its stake in shares of Uranium Energy by 11,233.4% during the 2nd quarter. Caxton Associates LLP now owns 4,093,058 shares of the basic materials company’s stock worth $27,833,000 after buying an additional 4,056,943 shares during the last quarter. State Street Corp boosted its holdings in shares of Uranium Energy by 9.5% during the 2nd quarter. State Street Corp now owns 23,046,686 shares of the basic materials company’s stock worth $156,717,000 after buying an additional 2,000,516 shares during the period. Sapient Capital LLC acquired a new position in Uranium Energy in the 3rd quarter valued at about $26,081,000. Finally, Titan Global Capital Management USA LLC grew its stake in Uranium Energy by 123.2% in the 2nd quarter. Titan Global Capital Management USA LLC now owns 3,217,324 shares of the basic materials company’s stock valued at $21,878,000 after buying an additional 1,775,613 shares during the last quarter. 62.28% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. Stifel Nicolaus assumed coverage on Uranium Energy in a report on Monday, October 6th. They set a “buy” rating and a $10.50 price objective for the company. Zacks Research upgraded Uranium Energy from a “strong sell” rating to a “hold” rating in a research note on Monday, December 1st. National Bankshares increased their price objective on Uranium Energy from $15.50 to $16.50 and gave the stock an “outperform” rating in a research report on Friday, December 19th. Finally, Roth Mkm reissued a “buy” rating and set a $16.00 target price on shares of Uranium Energy in a report on Thursday, December 11th. Two analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, Uranium Energy presently has an average rating of “Buy” and an average price target of $14.92.

Uranium Energy Stock Performance

UEC opened at $17.24 on Friday. Uranium Energy Corp. has a 52-week low of $3.85 and a 52-week high of $20.34. The firm has a market cap of $8.33 billion, a P/E ratio of -143.67 and a beta of 1.23. The business’s fifty day moving average is $14.38 and its 200-day moving average is $12.71.

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.