Bank of New York Mellon Corp Sells 23,231 Shares of Uranium Energy Corp. (NYSEAMERICAN:UEC)

Bank of New York Mellon Corp trimmed its position in shares of Uranium Energy Corp. (NYSEAMERICAN:UEC) by 1.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,527,652 shares of the basic materials company’s stock after selling 23,231 shares during the period. Bank of New York Mellon Corp owned 0.36% of Uranium Energy worth $10,220,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. GAMMA Investing LLC grew its position in shares of Uranium Energy by 180.1% in the fourth quarter. GAMMA Investing LLC now owns 4,338 shares of the basic materials company’s stock valued at $29,000 after purchasing an additional 2,789 shares during the last quarter. Farther Finance Advisors LLC raised its holdings in Uranium Energy by 5,130.4% in the 3rd quarter. Farther Finance Advisors LLC now owns 4,812 shares of the basic materials company’s stock valued at $30,000 after buying an additional 4,720 shares during the last quarter. BNP Paribas bought a new stake in shares of Uranium Energy in the third quarter worth $38,000. National Bank of Canada FI boosted its stake in shares of 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. Finally, Stonehage Fleming Financial Services Holdings Ltd lifted its stake in Uranium Energy by 21.1% in the fourth quarter. Stonehage Fleming Financial Services Holdings Ltd now owns 7,870 shares of the basic materials company’s stock valued at $53,000 after buying an additional 1,370 shares during the period. 62.28% of the stock is currently owned by institutional investors and hedge funds.

Uranium Energy Stock Performance

UEC opened at $5.19 on Friday. The business has a 50 day simple moving average of $6.72. The stock has a market capitalization of $2.20 billion, a P/E ratio of -43.25 and a beta of 1.88. Uranium Energy Corp. has a 12-month low of $4.06 and a 12-month high of $8.93.

Analyst Upgrades and Downgrades

Several analysts have recently commented on UEC shares. National Bank Financial began coverage on shares of Uranium Energy in a report on Wednesday, February 12th. They issued an “outperform” rating and a $10.00 target price for the company. HC Wainwright reissued a “buy” rating and issued a $12.25 price target on shares of Uranium Energy in a report on Thursday. Stifel Nicolaus assumed coverage on Uranium Energy in a research note on Wednesday. They issued a “buy” rating on the stock. National Bankshares set a $10.00 price objective on Uranium Energy and gave the company an “outperform” rating in a research report on Wednesday, February 12th. Finally, Stifel Canada upgraded Uranium Energy to a “strong-buy” rating in a report on Tuesday. Four equities research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, Uranium Energy presently has a consensus rating of “Buy” and an average price target of $10.63.

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.