Ardsley Advisory Partners LP Purchases Shares of 75,000 Uranium Energy Corp. $UEC

Ardsley Advisory Partners LP bought a new position in Uranium Energy Corp. (NYSEAMERICAN:UEC) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 75,000 shares of the basic materials company’s stock, valued at approximately $876,000.

Other hedge funds have also made changes to their positions in the company. Ameritas Advisory Services LLC acquired a new stake in shares of Uranium Energy during the 3rd quarter worth about $33,000. Sound Income Strategies LLC lifted its position in Uranium Energy by 159.1% during the 4th quarter. Sound Income Strategies LLC now owns 3,094 shares of the basic materials company’s stock valued at $36,000 after purchasing an additional 1,900 shares during the period. PenderFund Capital Management Ltd. acquired a new position in Uranium Energy during the 4th quarter valued at about $39,000. Caitong International Asset Management Co. Ltd acquired a new position in Uranium Energy during the 4th quarter valued at about $39,000. Finally, Strategic Advocates LLC acquired a new stake in shares of Uranium Energy in the 3rd quarter valued at approximately $40,000. Institutional investors and hedge funds own 62.28% of the company’s stock.

Uranium Energy Price Performance

NYSEAMERICAN:UEC opened at $11.42 on Thursday. Uranium Energy Corp. has a fifty-two week low of $5.90 and a fifty-two week high of $20.34. The stock has a market capitalization of $5.65 billion, a PE ratio of -95.17 and a beta of 1.12. The business’s 50-day simple moving average is $13.73 and its 200-day simple moving average is $14.29.

Analyst Upgrades and Downgrades

UEC has been the subject of a number of analyst reports. HC Wainwright restated a “buy” rating and set a $26.75 price objective on shares of Uranium Energy in a report on Wednesday, June 10th. TD Securities reduced their price target on shares of Uranium Energy from $22.00 to $21.00 and set a “buy” rating on the stock in a research report on Wednesday, March 11th. The Goldman Sachs Group reissued a “buy” rating and issued a $16.00 price target on shares of Uranium Energy in a report on Tuesday, June 9th. Finally, Roth Mkm set a $17.00 price objective on shares of Uranium Energy in a research report on Wednesday, March 11th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $17.41.

Uranium Energy Company 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.