Raymond James Financial Inc. Purchases New Position in Uranium Energy Corp. (NYSEAMERICAN:UEC)

Raymond James Financial Inc. bought a new position in Uranium Energy Corp. (NYSEAMERICAN:UEC - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 150,561 shares of the basic materials company's stock, valued at approximately $1,007,000.

Several other institutional investors and hedge funds also recently made changes to their positions in UEC. GAMMA Investing LLC increased its stake in shares of Uranium Energy by 180.1% in the fourth quarter. GAMMA Investing LLC now owns 4,338 shares of the basic materials company's stock valued at $29,000 after buying an additional 2,789 shares during the period. National Bank of Canada FI boosted its holdings in Uranium Energy by 29.7% in the third quarter. National Bank of Canada FI now owns 7,485 shares of the basic materials company's stock valued at $46,000 after acquiring an additional 1,713 shares during the last quarter. Stonehage Fleming Financial Services Holdings Ltd boosted its holdings in Uranium Energy by 21.1% in the fourth quarter. Stonehage Fleming Financial Services Holdings Ltd now owns 7,870 shares of the basic materials company's stock valued at $53,000 after acquiring an additional 1,370 shares during the last quarter. Total Wealth Planning LLC acquired a new stake in Uranium Energy during the 4th quarter valued at approximately $67,000. Finally, Powell Investment Advisors LLC bought a new position in Uranium Energy during the 4th quarter worth approximately $72,000. Institutional investors and hedge funds own 62.28% of the company's stock.

Uranium Energy Price Performance

Shares of UEC traded down $0.10 during trading hours on Tuesday, hitting $4.00. The stock had a trading volume of 11,718,998 shares, compared to its average volume of 7,627,473. Uranium Energy Corp. has a 1-year low of $3.85 and a 1-year high of $8.93. The firm has a market capitalization of $1.69 billion, a P/E ratio of -33.33 and a beta of 1.88. The firm has a 50 day simple moving average of $5.83 and a 200-day simple moving average of $6.67.

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Analyst Ratings Changes

A number of equities research analysts have recently commented on UEC shares. Stifel Nicolaus set a $10.50 price objective on shares of Uranium Energy in a research note on Wednesday, March 12th. National Bank Financial began coverage on Uranium Energy in a report on Wednesday, February 12th. They set an "outperform" rating and a $10.00 price target for the company. National Bankshares set a $10.00 price objective on Uranium Energy and gave the stock an "outperform" rating in a research report on Wednesday, February 12th. Stifel Canada upgraded Uranium Energy to a "strong-buy" rating in a research report on Tuesday, March 11th. Finally, HC Wainwright reiterated a "buy" rating and issued a $12.25 target price on shares of Uranium Energy in a report on Thursday, March 13th. Four investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Buy" and an average price target of $10.60.

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.