15,449,753 Shares in Uranium Energy Corp. $UEC Purchased by Norges Bank
Norges Bank acquired 15,449,753 shares of Uranium Energy Corp. (NYSEAMERICAN:UEC) in Q2, valued at approximately $105,058,000, representing 3.48% ownership. Other investors also increased their positions. Analysts have given the stock a consensus 'Buy' rating with a price target of $14.19. UEC's stock opened at $12.95 with a market cap of $6.26 billion.
Norges Bank acquired a new position in shares of Uranium Energy Corp. (NYSEAMERICAN:UEC - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 15,449,753 shares of the basic materials company's stock, valued at approximately $105,058,000. Norges Bank owned 3.48% of Uranium Energy at the end of the most recent quarter.
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Other large investors also recently made changes to their positions in the company. Blair William & Co. IL boosted its holdings in shares of Uranium Energy by 1.1% during the second quarter. Blair William & Co. IL now owns 160,200 shares of the basic materials company's stock worth $1,089,000 after purchasing an additional 1,700 shares during the period. Ameritas Investment Partners Inc. increased its stake in Uranium Energy by 4.2% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 43,475 shares of the basic materials company's stock valued at $296,000 after buying an additional 1,742 shares during the period. SBI Securities Co. Ltd. lifted its position in Uranium Energy by 13.7% in the 2nd quarter. SBI Securities Co. Ltd. now owns 15,629 shares of the basic materials company's stock worth $106,000 after buying an additional 1,878 shares in the last quarter. Steward Partners Investment Advisory LLC boosted its stake in shares of Uranium Energy by 7.4% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 37,990 shares of the basic materials company's stock valued at $258,000 after buying an additional 2,610 shares during the period. Finally, Prospera Financial Services Inc boosted its stake in shares of Uranium Energy by 24.6% during the 2nd quarter. Prospera Financial Services Inc now owns 13,691 shares of the basic materials company's stock valued at $93,000 after buying an additional 2,700 shares during the period. Institutional investors and hedge funds own 62.28% of the company's stock.
Wall Street Analysts Forecast Growth
Several brokerages recently issued reports on UEC. Canaccord Genuity Group set a $17.50 price objective on Uranium Energy and gave the stock a "buy" rating in a report on Wednesday, September 24th. The Goldman Sachs Group upped their target price on Uranium Energy from $13.00 to $17.00 and gave the stock a "buy" rating in a research report on Friday, September 26th. Stifel Canada raised Uranium Energy to a "strong-buy" rating in a research note on Friday, October 3rd. TD Securities lifted their price target on Uranium Energy from $8.00 to $13.00 and gave the company a "buy" rating in a report on Friday, August 15th. Finally, Zacks Research upgraded Uranium Energy from a "strong sell" rating to a "hold" rating in a report on Monday. Two analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Buy" and a consensus price target of $14.19.
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Read Our Latest Report on UEC
Uranium Energy Price Performance
Shares of NYSEAMERICAN:UEC opened at $12.95 on Thursday. The stock has a market capitalization of $6.26 billion, a P/E ratio of -76.17 and a beta of 1.35. The business has a 50-day moving average of $13.30 and a two-hundred day moving average of $10.23. Uranium Energy Corp. has a fifty-two week low of $3.85 and a fifty-two week high of $17.80.
Uranium Energy Profile
(Free Report)- Uranium Energy Stock Has Momentum—and More Upside Ahead
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.
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