Swiss National Bank Boosts Holdings in Uranium Energy Corp. (NYSEAMERICAN:UEC)

Swiss National Bank boosted its holdings in shares of Uranium Energy Corp. (NYSEAMERICAN:UEC) by 1.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 809,200 shares of the basic materials company’s stock after acquiring an additional 11,300 shares during the period. Swiss National Bank owned about 0.19% of Uranium Energy worth $5,414,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Intech Investment Management LLC acquired a new stake in shares of Uranium Energy during the third quarter valued at $600,000. Charles Schwab Investment Management Inc. lifted its holdings in Uranium Energy by 2.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,320,496 shares of the basic materials company’s stock valued at $20,620,000 after purchasing an additional 90,098 shares in the last quarter. The Manufacturers Life Insurance Company boosted its stake in shares of Uranium Energy by 712.5% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 1,821,256 shares of the basic materials company’s stock worth $11,310,000 after purchasing an additional 1,597,108 shares during the last quarter. Freedom Investment Management Inc. grew its holdings in shares of Uranium Energy by 18.3% during the third quarter. Freedom Investment Management Inc. now owns 106,194 shares of the basic materials company’s stock worth $659,000 after buying an additional 16,409 shares in the last quarter. Finally, BNP Paribas acquired a new position in shares of Uranium Energy in the third quarter valued at approximately $38,000. Hedge funds and other institutional investors own 62.28% of the company’s stock.

Uranium Energy Stock Performance

NYSEAMERICAN:UEC opened at $5.53 on Tuesday. Uranium Energy Corp. has a one year low of $4.06 and a one year high of $8.93. The business’s 50-day simple moving average is $6.45 and its 200 day simple moving average is $6.83. The stock has a market cap of $2.34 billion, a price-to-earnings ratio of -46.08 and a beta of 1.88.

Wall Street Analyst Weigh In

UEC has been the subject of several analyst reports. Stifel Canada upgraded Uranium Energy to a “strong-buy” rating in a research note on Tuesday, March 11th. Stifel Nicolaus set a $10.50 price objective on shares of Uranium Energy in a research note on Wednesday, March 12th. National Bank Financial assumed coverage on shares of Uranium Energy in a research report on Wednesday, February 12th. They issued an “outperform” rating and a $10.00 target price on the stock. HC Wainwright reaffirmed a “buy” rating and set a $12.25 price target on shares of Uranium Energy in a research report on Thursday, March 13th. Finally, National Bankshares set a $10.00 price target on shares of Uranium Energy and gave the stock an “outperform” rating in a research note on Wednesday, February 12th. Four investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $10.60.

Uranium Energy Company 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.