General American Investors Co. Inc. Takes Position in Uranium Energy Corp. (NYSEAMERICAN:UEC)

General American Investors Co. Inc. acquired a new stake in shares of Uranium Energy Corp. (NYSEAMERICAN:UEC - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 1,107,974 shares of the basic materials company's stock, valued at approximately $5,296,000. General American Investors Co. Inc. owned about 0.26% of Uranium Energy at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of UEC. Harbour Investments Inc. boosted its position in Uranium Energy by 947.4% in the fourth quarter. Harbour Investments Inc. now owns 3,886 shares of the basic materials company's stock worth $26,000 after purchasing an additional 3,515 shares during the last quarter. Versant Capital Management Inc purchased a new position in Uranium Energy in the first quarter worth about $27,000. Generali Investments Management Co LLC purchased a new position in Uranium Energy in the fourth quarter worth about $30,000. Farther Finance Advisors LLC boosted its position in Uranium Energy by 43.5% in the first quarter. Farther Finance Advisors LLC now owns 7,801 shares of the basic materials company's stock worth $36,000 after purchasing an additional 2,364 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new position in Uranium Energy in the first quarter worth about $36,000. 62.28% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, BMO Capital Markets assumed coverage on Uranium Energy in a research report on Tuesday, June 3rd. They issued an "outperform" rating and a $7.75 target price on the stock. Five analysts have rated the stock with a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, Uranium Energy presently has a consensus rating of "Buy" and an average price target of $10.13.

Uranium Energy Trading Down 1.6%

UEC traded down $0.13 on Friday, hitting $8.03. 17,596,442 shares of the company's stock traded hands, compared to its average volume of 9,554,207. Uranium Energy Corp. has a one year low of $3.85 and a one year high of $8.93. The company's 50 day simple moving average is $6.35 and its 200-day simple moving average is $6.31. The firm has a market cap of $3.57 billion, a price-to-earnings ratio of -47.23 and a beta of 1.42.

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.