BNP Paribas Financial Markets Decreases Stock Position in Uranium Energy Corp. (NYSEAMERICAN:UEC)

BNP Paribas Financial Markets cut its position in Uranium Energy Corp. (NYSEAMERICAN:UEC) by 31.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 206,843 shares of the basic materials company’s stock after selling 92,980 shares during the quarter. BNP Paribas Financial Markets owned about 0.05% of Uranium Energy worth $1,284,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in UEC. Strategic Investment Solutions Inc. IL bought a new position in Uranium Energy in the 2nd quarter worth approximately $26,000. Farther Finance Advisors LLC lifted its position in shares of Uranium Energy by 5,130.4% during the third quarter. Farther Finance Advisors LLC now owns 4,812 shares of the basic materials company’s stock worth $30,000 after acquiring an additional 4,720 shares in the last quarter. Quintet Private Bank Europe S.A. bought a new position in shares of Uranium Energy in the third quarter worth $33,000. Blackhawk Capital Partners LLC. purchased a new position in shares of Uranium Energy in the second quarter valued at $69,000. Finally, Clear Creek Financial Management LLC bought a new stake in shares of Uranium Energy during the 3rd quarter valued at $78,000. Hedge funds and other institutional investors own 62.28% of the company’s stock.

Uranium Energy Stock Performance

NYSEAMERICAN:UEC opened at $8.00 on Tuesday. The company’s 50 day moving average is $6.54. Uranium Energy Corp. has a fifty-two week low of $4.06 and a fifty-two week high of $8.93. The stock has a market capitalization of $3.38 billion, a price-to-earnings ratio of -66.67 and a beta of 1.84.

Uranium Energy (NYSEAMERICAN:UEC) last released its quarterly earnings results on Thursday, September 26th. The basic materials company reported ($0.03) EPS for the quarter. As a group, equities research analysts forecast that Uranium Energy Corp. will post 0.09 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages recently commented on UEC. HC Wainwright boosted their price objective on shares of Uranium Energy from $10.25 to $11.00 and gave the company a “buy” rating in a research note on Monday. Roth Mkm restated a “buy” rating and set a $10.25 price target (up from $9.75) on shares of Uranium Energy in a research report on Wednesday, October 23rd.

About Uranium Energy

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.