37,334 Shares in Uranium Energy Corp. (NYSEAMERICAN:UEC) Bought by Cibc World Markets Corp

Cibc World Markets Corp acquired a new position in shares of Uranium Energy Corp. (NYSEAMERICAN:UEC) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 37,334 shares of the basic materials company’s stock, valued at approximately $250,000.

Several other hedge funds and other institutional investors have also made changes to their positions in UEC. GWN Securities Inc. bought a new position in shares of Uranium Energy during the fourth quarter valued at approximately $115,000. Harbour Investments Inc. grew its position in 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 acquiring an additional 3,515 shares during the last quarter. Royce & Associates LP increased its stake in Uranium Energy by 61.5% in the fourth quarter. Royce & Associates LP now owns 210,000 shares of the basic materials company’s stock worth $1,405,000 after purchasing an additional 80,000 shares during the period. Swiss National Bank lifted its position in shares of Uranium Energy by 1.4% during the fourth quarter. Swiss National Bank now owns 809,200 shares of the basic materials company’s stock worth $5,414,000 after purchasing an additional 11,300 shares during the last quarter. Finally, Avantax Advisory Services Inc. purchased a new stake in shares of Uranium Energy during the fourth quarter valued at $291,000. Hedge funds and other institutional investors own 62.28% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on UEC. HC Wainwright reiterated a “buy” rating and set a $12.25 price objective on shares of Uranium Energy in a report on Thursday, March 13th. Stifel Nicolaus set a $10.50 price target on Uranium Energy in a report on Wednesday, March 12th. National Bank Financial assumed coverage on Uranium Energy in a report 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, 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. Four research analysts have rated the stock with a buy rating and two have issued 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 target price of $10.60.

Uranium Energy Stock Down 3.8 %

Uranium Energy stock opened at $5.32 on Wednesday. Uranium Energy Corp. has a twelve month low of $4.06 and a twelve month high of $8.93. The business has a fifty day moving average of $6.41 and a two-hundred day moving average of $6.82. The firm has a market cap of $2.25 billion, a P/E ratio of -44.33 and a beta of 1.88.

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.