Titan Global Capital Management USA LLC Has $30.43 Million Stock Position in Uranium Energy Corp. $UEC

Titan Global Capital Management USA LLC reduced its stake in shares of Uranium Energy Corp. (NYSEAMERICAN:UEC) by 21.6% in the first quarter, HoldingsChannel reports. The firm owned 2,254,084 shares of the basic materials company’s stock after selling 621,726 shares during the period. Uranium Energy makes up approximately 4.5% of Titan Global Capital Management USA LLC’s investment portfolio, making the stock its 4th largest position. Titan Global Capital Management USA LLC’s holdings in Uranium Energy were worth $30,430,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in UEC. Independent Wealth Network Inc. lifted its position in shares of Uranium Energy by 2.0% during the fourth quarter. Independent Wealth Network Inc. now owns 30,514 shares of the basic materials company’s stock valued at $356,000 after buying an additional 597 shares during the last quarter. Clear Creek Financial Management LLC grew its position in shares of Uranium Energy by 2.3% in the 4th quarter. Clear Creek Financial Management LLC now owns 28,949 shares of the basic materials company’s stock worth $338,000 after buying an additional 655 shares during the last quarter. Balboa Wealth Partners grew its position in shares of Uranium Energy by 2.9% in the 1st quarter. Balboa Wealth Partners now owns 27,820 shares of the basic materials company’s stock worth $376,000 after buying an additional 775 shares during the last quarter. U.S. Capital Wealth Advisors LLC raised its stake in shares of Uranium Energy by 5.2% during the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 15,778 shares of the basic materials company’s stock worth $184,000 after acquiring an additional 778 shares in the last quarter. Finally, Heritage Family Offices LLP raised its stake in shares of Uranium Energy by 5.2% during the 4th quarter. Heritage Family Offices LLP now owns 15,785 shares of the basic materials company’s stock worth $184,000 after acquiring an additional 785 shares in the last quarter. Institutional investors own 62.28% of the company’s stock.

Uranium Energy Stock Performance

Shares of NYSEAMERICAN UEC opened at $9.40 on Tuesday. The company has a market cap of $4.65 billion, a PE ratio of -78.33 and a beta of 1.18. The business has a 50-day simple moving average of $11.84 and a two-hundred day simple moving average of $13.95. Uranium Energy Corp. has a fifty-two week low of $7.70 and a fifty-two week high of $20.34.

Uranium Energy (NYSEAMERICAN:UEC) last posted its quarterly earnings data on Tuesday, June 9th. The basic materials company reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.08). On average, sell-side analysts predict that Uranium Energy Corp. will post -0.15 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms recently commented on UEC. HC Wainwright reissued a “buy” rating and set a $26.75 target price on shares of Uranium Energy in a research report on Wednesday, June 10th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $16.00 price target on shares of Uranium Energy in a report on Tuesday, June 9th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, Uranium Energy presently has an average rating of “Moderate Buy” and a consensus target price of $17.41.

Uranium Energy 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.