Temasek Holdings Private Ltd Purchases New Shares in Uranium Energy Corp. $UEC

Temasek Holdings Private Ltd purchased a new position in shares of Uranium Energy Corp. (NYSEAMERICAN:UEC) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 769,379 shares of the basic materials company’s stock, valued at approximately $10,387,000.

A number of other institutional investors have also added to or reduced their stakes in UEC. Sound Income Strategies LLC lifted its position in shares of Uranium Energy by 159.1% during the 4th quarter. Sound Income Strategies LLC now owns 3,094 shares of the basic materials company’s stock worth $36,000 after buying an additional 1,900 shares in the last quarter. Caitong International Asset Management Co. Ltd purchased a new position in shares of Uranium Energy in the 4th quarter worth approximately $39,000. PenderFund Capital Management Ltd. bought a new position in shares of Uranium Energy in the fourth quarter valued at approximately $39,000. EFG International AG bought a new position in shares of Uranium Energy in the fourth quarter valued at approximately $47,000. Finally, Longview Financial Advisors Inc. bought a new position in shares of Uranium Energy in the first quarter valued at approximately $52,000. 62.28% of the stock is owned by institutional investors.

Uranium Energy Stock Up 1.6%

Shares of NYSEAMERICAN:UEC opened at $9.55 on Wednesday. The firm has a market capitalization of $4.73 billion, a PE ratio of -79.58 and a beta of 1.18. Uranium Energy Corp. has a twelve month low of $7.75 and a twelve month high of $20.34. The company has a 50-day moving average price of $11.72 and a two-hundred day moving average price of $13.93.

Uranium Energy (NYSEAMERICAN:UEC) last posted its quarterly earnings results 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). Analysts anticipate that Uranium Energy Corp. will post -0.15 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts recently commented on UEC shares. HC Wainwright reaffirmed a “buy” rating and set a $26.75 price target on shares of Uranium Energy in a research report on Wednesday, June 10th. The Goldman Sachs Group reissued a “buy” rating and issued a $16.00 price objective on shares of Uranium Energy in a research report on Tuesday, June 9th. One investment 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.com, Uranium Energy has an average rating of “Moderate Buy” and a consensus price target 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.