BNP Paribas Purchases New Stake in Uranium Energy Corp. (NYSEAMERICAN:UEC)

BNP Paribas purchased a new stake in Uranium Energy Corp. (NYSEAMERICAN:UEC) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 6,050 shares of the basic materials company’s stock, valued at approximately $38,000.

Several other hedge funds have also bought and sold shares of UEC. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new position in Uranium Energy during the 3rd quarter worth $12,643,000. Van ECK Associates Corp boosted its holdings in Uranium Energy by 78.0% during the 3rd quarter. Van ECK Associates Corp now owns 4,956,971 shares of the basic materials company’s stock worth $30,783,000 after acquiring an additional 2,171,468 shares during the last quarter. Riggs Asset Managment Co. Inc. purchased a new position in Uranium Energy during the 3rd quarter worth $501,000. Riverwater Partners LLC purchased a new position in Uranium Energy during the 3rd quarter worth $2,341,000. Finally, Grimes & Company Inc. purchased a new position in Uranium Energy during the 3rd quarter worth $394,000. Institutional investors and hedge funds own 62.28% of the company’s stock.

Uranium Energy Stock Down 0.5 %

Shares of NYSEAMERICAN UEC opened at $8.07 on Thursday. Uranium Energy Corp. has a 12 month low of $4.06 and a 12 month high of $8.77. The stock has a market capitalization of $3.32 billion, a price-to-earnings ratio of -134.48 and a beta of 1.82. The stock’s 50-day simple moving average is $6.44.

Uranium Energy (NYSEAMERICAN:UEC) last issued its earnings results on Thursday, September 26th. The basic materials company reported ($0.03) earnings per share (EPS) for the quarter. As a group, analysts anticipate that Uranium Energy Corp. will post 0.09 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on UEC. HC Wainwright reiterated a “buy” rating and set a $10.25 target price on shares of Uranium Energy in a research note on Tuesday, September 24th. Roth Mkm restated a “buy” rating and issued a $10.25 price objective (up from $9.75) on shares of Uranium Energy in a research note on Wednesday, October 23rd.

Insiders Place Their Bets

In related news, CEO Amir Adnani acquired 60,000 shares of the company’s stock in a transaction dated Friday, September 6th. The stock was purchased at an average price of $4.10 per share, with a total value of $246,000.00. Following the completion of the purchase, the chief executive officer now owns 4,242,326 shares in the company, valued at $17,393,536.60. This trade represents a 1.43 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Scott Melbye acquired 9,500 shares of the company’s stock in a transaction dated Friday, September 6th. The shares were bought at an average cost of $4.18 per share, with a total value of $39,710.00. Following the purchase, the executive vice president now owns 988,031 shares of the company’s stock, valued at approximately $4,129,969.58. This trade represents a 0.97 % increase in their position. The disclosure for this purchase can be found here. 2.40% of the stock is owned by insiders.

Uranium Energy Profile

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.