Raymond James Financial Inc. Makes New $1.01 Million Investment in Uranium Energy Corp. (NYSEAMERICAN:UEC)

Raymond James Financial Inc. acquired a new stake in Uranium Energy Corp. (NYSEAMERICAN:UEC - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 150,561 shares of the basic materials company's stock, valued at approximately $1,007,000.

Other hedge funds have also recently modified their holdings of the company. Harbour Investments Inc. increased its stake in shares of Uranium Energy by 947.4% in the 4th 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. GAMMA Investing LLC grew its holdings 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 valued at $29,000 after purchasing an additional 2,789 shares during the period. Generali Investments Management Co LLC purchased a new stake in shares of Uranium Energy in the fourth quarter valued at approximately $30,000. Stonehage Fleming Financial Services Holdings Ltd raised its stake in shares of Uranium Energy by 21.1% during the 4th quarter. Stonehage Fleming Financial Services Holdings Ltd now owns 7,870 shares of the basic materials company's stock worth $53,000 after buying an additional 1,370 shares during the period. Finally, Total Wealth Planning LLC purchased a new position in shares of Uranium Energy during the 4th quarter valued at approximately $67,000. Hedge funds and other institutional investors own 62.28% of the company's stock.

Wall Street Analyst Weigh In

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

Uranium Energy Trading Up 2.2 %

Uranium Energy stock traded up $0.12 during midday trading on Friday, reaching $5.70. 10,617,630 shares of the stock traded hands, compared to its average volume of 7,897,474. The firm has a market cap of $2.41 billion, a PE ratio of -47.50 and a beta of 1.88. The company has a 50-day simple moving average of $5.04 and a two-hundred day simple moving average of $6.47. Uranium Energy Corp. has a 12-month low of $3.85 and a 12-month 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.