Mercer Global Advisors Inc. ADV Purchases New Position in Uranium Energy Corp. (NYSEAMERICAN:UEC)

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

Other large investors have also recently modified their holdings of the company. 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 boosted its holdings in shares of 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 boosted 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 purchasing an additional 1,370 shares during the period. Finally, Total Wealth Planning LLC purchased a new stake in shares of Uranium Energy in the fourth quarter valued at approximately $67,000. Hedge funds and other institutional investors own 62.28% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on UEC. HC Wainwright reissued a “buy” rating and issued a $12.25 price objective on shares of Uranium Energy in a research note on Thursday, March 13th. Stifel Nicolaus set a $10.50 price objective on shares of Uranium Energy in a research note on Wednesday, March 12th. National Bankshares set a $10.00 price objective on shares of Uranium Energy and gave the stock an “outperform” rating in a research note on Wednesday, February 12th. Stifel Canada raised shares of Uranium Energy to a “strong-buy” rating in a research note on Tuesday, March 11th. Finally, National Bank Financial began coverage on shares of Uranium Energy in a research note on Wednesday, February 12th. They issued an “outperform” rating and a $10.00 price objective for the company. Four research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Buy” and an average price target of $10.60.

Uranium Energy Trading Up 0.7%

Shares of UEC stock opened at $5.67 on Thursday. The business’s fifty day simple moving average is $5.06 and its 200-day simple moving average is $6.45. The company has a market cap of $2.40 billion, a PE ratio of -47.25 and a beta of 1.88. Uranium Energy Corp. has a 12-month low of $3.85 and a 12-month high of $8.93.

Uranium Energy Company 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.