BNP Paribas Financial Markets Has $382,000 Position in Uranium Energy Corp. (NYSEAMERICAN:UEC)

BNP Paribas Financial Markets lowered its stake in shares of Uranium Energy Corp. (NYSEAMERICAN:UEC - Free Report) by 72.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 57,065 shares of the basic materials company's stock after selling 149,778 shares during the quarter. BNP Paribas Financial Markets' holdings in Uranium Energy were worth $382,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Harbour Investments Inc. raised its stake in shares of Uranium Energy by 947.4% during the fourth quarter. Harbour Investments Inc. now owns 3,886 shares of the basic materials company's stock valued at $26,000 after purchasing an additional 3,515 shares in the last quarter. Generali Investments Management Co LLC purchased a new position in Uranium Energy during the 4th quarter valued at about $30,000. Stonehage Fleming Financial Services Holdings Ltd grew its stake in shares of Uranium Energy by 21.1% in the 4th quarter. Stonehage Fleming Financial Services Holdings Ltd now owns 7,870 shares of the basic materials company's stock valued at $53,000 after buying an additional 1,370 shares in the last quarter. Altshuler Shaham Ltd bought a new stake in shares of Uranium Energy in the 4th quarter valued at approximately $67,000. Finally, Summit X LLC bought a new stake in Uranium Energy during the fourth quarter worth approximately $69,000. Institutional investors and hedge funds own 62.28% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. National Bank Financial started 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. Stifel Canada raised Uranium Energy to a "strong-buy" rating in a research note on Tuesday, March 11th. National Bankshares set a $10.00 price target on Uranium Energy and gave the company an "outperform" rating in a research note on Wednesday, February 12th. HC Wainwright reaffirmed a "buy" rating and set a $12.25 target price on shares of Uranium Energy in a report on Thursday, March 13th. Finally, Stifel Nicolaus set a $10.50 target price on Uranium Energy in a research note on Wednesday, March 12th. Four investment analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Buy" and an average target price of $10.60.

Uranium Energy Trading Down 5.0%

Shares of NYSEAMERICAN UEC traded down $0.32 during midday trading on Thursday, reaching $6.00. The company's stock had a trading volume of 11,545,294 shares, compared to its average volume of 8,409,651. The stock has a 50 day simple moving average of $5.15 and a 200-day simple moving average of $6.43. The stock has a market capitalization of $2.54 billion, a price-to-earnings ratio of -49.88 and a beta of 1.88. Uranium Energy Corp. has a fifty-two week low of $3.85 and a fifty-two week high of $8.93.

About Uranium Energy

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.