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

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

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

Wall Street Analyst Weigh In

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

Uranium Energy Price Performance

Shares of UEC stock opened at $5.28 on Monday. The stock's fifty day moving average price is $5.04 and its 200 day moving average price is $6.50. Uranium Energy Corp. has a 1-year low of $3.85 and a 1-year high of $8.93. The company has a market cap of $2.23 billion, a price-to-earnings ratio of -44.00 and a beta of 1.88.

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.

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