De Lisle Partners LLP Buys New Shares in Uranium Energy Corp. $UEC

De Lisle Partners LLP purchased a new position in Uranium Energy Corp. (NYSEAMERICAN:UEC) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 60,000 shares of the basic materials company’s stock, valued at approximately $644,000.

Several other institutional investors have also added to or reduced their stakes in UEC. PenderFund Capital Management Ltd. bought a new position in Uranium Energy during the 4th quarter worth approximately $39,000. Caitong International Asset Management Co. Ltd bought a new stake in Uranium Energy during the 4th quarter valued at $39,000. Longview Financial Advisors Inc. purchased a new stake in Uranium Energy during the 1st quarter valued at $52,000. EFG International AG bought a new stake in Uranium Energy in the 4th quarter worth $47,000. Finally, Western Wealth Management LLC bought a new stake in Uranium Energy in the 1st quarter worth $60,000. 62.28% of the stock is currently owned by hedge funds and other institutional investors.

Uranium Energy Stock Performance

Shares of Uranium Energy stock opened at $12.76 on Monday. The company’s fifty day simple moving average is $10.62 and its two-hundred day simple moving average is $12.95. The company has a market cap of $6.31 billion, a P/E ratio of -106.33 and a beta of 1.22. Uranium Energy Corp. has a 12-month low of $8.90 and a 12-month high of $20.34.

Uranium Energy (NYSEAMERICAN:UEC) last issued its quarterly earnings data on Tuesday, June 9th. The basic materials company reported ($0.07) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.04). Analysts predict that Uranium Energy Corp. will post -0.15 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. The Goldman Sachs Group restated a “buy” rating and issued a $16.00 price objective on shares of Uranium Energy in a research report on Tuesday, June 9th. HC Wainwright restated a “buy” rating and set a $26.75 price target on shares of Uranium Energy in a report on Wednesday, June 10th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $17.41.

Uranium Energy Company Profile

Uranium Energy Corp. is a uranium mining and exploration company focused on the development and production of uranium through in-situ recovery (ISR) methods. The company’s core activities include operating ISR projects, advancing exploration properties, and engaging in joint ventures to secure uranium supply for nuclear power generation. Uranium Energy’s approach emphasizes environmentally conscious extraction techniques that minimize land disturbance and water usage compared with conventional mining.

The company’s primary producing asset is the Hobson ISR facility in South Texas, which commenced production to supply uranium concentrate to nuclear utilities.