Mercer Global Advisors Inc. ADV Purchases Shares of 50,420 Uranium Energy Corp. (NYSEAMERICAN:UEC)

Mercer Global Advisors Inc. ADV bought a new stake in Uranium Energy Corp. (NYSEAMERICAN:UEC - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 50,420 shares of the basic materials company's stock, valued at approximately $337,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Harbour Investments Inc. increased its position in Uranium Energy by 947.4% during the 4th 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 period. GAMMA Investing LLC raised its position in Uranium Energy by 180.1% in the fourth quarter. GAMMA Investing LLC now owns 4,338 shares of the basic materials company's stock worth $29,000 after acquiring an additional 2,789 shares in the last quarter. Generali Investments Management Co LLC acquired a new stake in Uranium Energy in the fourth quarter valued at $30,000. Stonehage Fleming Financial Services Holdings Ltd lifted 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 period. Finally, Total Wealth Planning LLC purchased a new stake in shares of Uranium Energy during the 4th quarter worth $67,000. Institutional investors and hedge funds own 62.28% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. National Bankshares set a $10.00 price target on shares of Uranium Energy and gave the company an "outperform" rating in a report on Wednesday, February 12th. HC Wainwright reaffirmed a "buy" rating and issued a $12.25 target price on shares of Uranium Energy in a research report on Thursday, March 13th. National Bank Financial assumed coverage on shares of Uranium Energy in a research note on Wednesday, February 12th. They set an "outperform" rating and a $10.00 price objective on the stock. Stifel Canada upgraded Uranium Energy to a "strong-buy" rating in a report on Tuesday, March 11th. Finally, Stifel Nicolaus set a $10.50 price objective on shares of Uranium Energy in a report on Wednesday, March 12th. Four 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.com, Uranium Energy currently has an average rating of "Buy" and a consensus price target of $10.60.

Uranium Energy Trading Down 1.5%

Uranium Energy stock traded down $0.08 during trading hours on Tuesday, reaching $5.09. 1,779,174 shares of the company were exchanged, compared to its average volume of 7,908,459. Uranium Energy Corp. has a 12 month low of $3.85 and a 12 month high of $8.93. The firm has a market cap of $2.15 billion, a price-to-earnings ratio of -42.21 and a beta of 1.88. The stock has a 50-day moving average of $5.08 and a 200 day moving average of $6.44.

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.