The Vanguard Group, Inc. recently announced the acquisition of new stake in Uranium Energy Corp. (AMEX:UEC). The institutional investor has increased its shareholding in the Energy company by 7.85% to 8.6 million shares with purchase of 0.63 million shares. This fresh investment now brings its stake to 4.67% valued currently at $8.33 million. In addition, Falcon Edge Capital LP raised its holdings by 0.69 million to 2.89 million shares. And Geode Capital Management LLC has lifted its position by 4.15% or 0.1 million shares – to 2.61 million shares.
With over 1.34 million Uranium Energy Corp. (UEC) shares trading Tuesday and a closing price of $1.15 on the day, the dollar volume was approximately $1.55 million. The shares have shown a positive weekly performance of 6.48% and its price on 09/01/20 lost nearly 0.00%. Currently, there are 183.90M common shares owned by the public and among those 169.86M shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 2 analysts who have offered their price forecasts for UEC have a consensus price objective of $2.60. The analysts have set the share’s price value over the next 12 months at a high of $3.50 and a low of $1.70 should the stock experience a downside. Incidentally, analysts’ outlook for the Uranium Energy Corp. stock is 2.00 for the next 12 months. But an upside of 67.14% will see the stock hit the forecast high price target while mean target price for the stock is $2.60.
Insiders at the company have transacted a total of 38 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 34 of these insider trades were purchases, accounting for 368,813 shares. Insider sales of the common stock occurred on 4 occasions, with total insider shares sold totaling 59,156 shares.
The top 3 mutual fund holders in Uranium Energy Corp. are Vanguard Total Stock Market Index, iShares Russell 2000 ETF, and Vanguard Extended Market Index Fu. Vanguard Total Stock Market Index owns 5.43 million shares of the company’s stock, all valued at over $5.26 million. iShares Russell 2000 ETF sold -0.17 million shares to see its total holdings shrink to 3.59 million shares valued at over $3.48 million and representing 1.95% of the shares outstanding. Vanguard Extended Market Index Fu now owns shares totaling to 1.32% of the shares outstanding.
Shares of Uranium Energy Corp. (AMEX: UEC) opened at $1.14, down -$0.01 from a prior closing price of $1.15. However, the script later closed the day at $1.15, down 0.00%. The company’s stock has a 5-day price change of 6.48% and 15.00% over the past three months. UEC shares are trading 25.11% year to date (YTD), with the 12-month market performance up to 19.99% higher. It has a 12-month low price of $0.35 and touched a high of $1.26 over the same period. Currently, 1.34 million shares have been traded, compared to an average intraday trading volume of 1.15 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 9.56%, 15.95%, and 27.85% respectively.
Institutional ownership of Uranium Energy Corp. (AMEX: UEC) shares accounts for 28.20% of the company’s 183.90M shares outstanding. Mutual fund holders own 14.06%, while other institutional holders and individual stakeholders account for 9.73% and 10.45% respectively.
It has a market capitalization of $204.40M and a beta (3y monthly) value of 2.03. The earnings-per-share (ttm) stands at -$0.09. Price movements for the stock have been influenced by the stock’s volatility, which stands at 4.73% over the week and 4.30% over the month.
Analysts forecast that Uranium Energy Corp. (UEC) will achieve an EPS of $0 for the current quarter, $0 for the next quarter and -$0.13 for 2021. The lowest estimate earnings-per-share for the quarter is $0 while analysts give the company a high EPS estimate of $0. Comparatively, EPS for the current quarter was -$0.03 a year ago. Earnings per share for the fiscal year are expected to increase by 15.10%, and -62.50% over the next financial year.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 2 brokerage firm advisors rate Uranium Energy Corp. (UEC) as a “Moderate Buy” at a consensus score of 2.00. Specifically, 2 Wall Street analysts polled rate the stock as a buy, while 0 of the 2 advise that investors “hold,” and 0 rated it as a “Sell.”
Looking at the support for the UEC, a number of firms have released research notes about the stock. ROTH Capital stated their Buy rating for the stock in a research note on October 25, 2017, with the firm’s price target at $3. H.C. Wainwright coverage for the Uranium Energy Corp. (UEC) stock in a research note released on June 09, 2015 offered a Buy rating with a price target of $4.20. RBC Capital Mkts was of a view on March 14, 2013 that the stock is Underperform, while Dahlman Rose gave the stock Buy rating on June 05, 2012, issuing a price target of $3.25. MLV & Co on their part issued Buy rating on February 24, 2012.