Sanctuary Advisors LLC Makes New Investment in Uranium Energy Corp. (NYSEAMERICAN:UEC)

Sanctuary Advisors LLC acquired a new stake in Uranium Energy Corp. (NYSEAMERICAN:UEC) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 46,343 shares of the basic materials company’s stock, valued at approximately $288,000.

A number of other institutional investors and hedge funds have also made changes to their positions in UEC. Strategic Investment Solutions Inc. IL purchased a new position in Uranium Energy in the 2nd quarter valued at about $26,000. Farther Finance Advisors LLC lifted its position in shares of Uranium Energy by 5,130.4% in the third quarter. Farther Finance Advisors LLC now owns 4,812 shares of the basic materials company’s stock valued at $30,000 after acquiring an additional 4,720 shares in the last quarter. Quintet Private Bank Europe S.A. acquired a new stake in shares of Uranium Energy in the third quarter worth approximately $33,000. BNP Paribas purchased a new stake in shares of Uranium Energy during the third quarter worth approximately $38,000. Finally, National Bank of Canada FI raised its stake in Uranium Energy by 29.7% in the 3rd quarter. National Bank of Canada FI now owns 7,485 shares of the basic materials company’s stock valued at $46,000 after purchasing an additional 1,713 shares during the last quarter. 62.28% of the stock is currently owned by hedge funds and other institutional investors.

Uranium Energy Stock Performance

Shares of NYSEAMERICAN UEC opened at $7.01 on Friday. The firm has a market capitalization of $2.97 billion, a PE ratio of -58.42 and a beta of 1.84. The company has a fifty day moving average of $6.59. Uranium Energy Corp. has a 12-month low of $4.06 and a 12-month high of $8.93.

Uranium Energy (NYSEAMERICAN:UEC) last issued its earnings results on Thursday, September 26th. The basic materials company reported ($0.03) earnings per share for the quarter. As a group, sell-side analysts expect that Uranium Energy Corp. will post 0.02 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

UEC has been the topic of several recent research reports. HC Wainwright boosted their target price on Uranium Energy from $10.25 to $11.00 and gave the stock a “buy” rating in a report on Monday, December 9th. Roth Mkm reiterated a “buy” rating and set a $10.25 price objective (up previously 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.