Ur-Energy’s (URG) “Buy” Rating Reaffirmed at HC Wainwright

Ur-Energy (NYSEAMERICAN:URG) (TSE:URE)‘s stock had its “buy” rating reiterated by investment analysts at HC Wainwright in a research report issued to clients and investors on Tuesday,Benzinga reports. They currently have a $2.70 price target on the basic materials company’s stock. HC Wainwright’s target price would suggest a potential upside of 309.09% from the company’s previous close.

Ur-Energy Stock Down 3.4 %

Shares of NYSEAMERICAN:URG opened at $0.66 on Tuesday. The company has a market cap of $240.31 million, a PE ratio of -5.08 and a beta of 1.10. Ur-Energy has a fifty-two week low of $0.55 and a fifty-two week high of $1.90. The firm has a 50-day simple moving average of $0.84 and a 200 day simple moving average of $1.09.

Institutional Investors Weigh In On Ur-Energy

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Ur-Energy by 1.2% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,892,457 shares of the basic materials company’s stock worth $23,038,000 after buying an additional 231,013 shares during the period. Vanguard Group Inc. boosted its stake in Ur-Energy by 5.8% during the 4th quarter. Vanguard Group Inc. now owns 13,972,880 shares of the basic materials company’s stock valued at $16,069,000 after purchasing an additional 768,541 shares during the period. Geode Capital Management LLC increased its position in Ur-Energy by 3.3% in the 4th quarter. Geode Capital Management LLC now owns 4,015,167 shares of the basic materials company’s stock worth $4,617,000 after buying an additional 128,512 shares during the period. CenterBook Partners LP acquired a new position in shares of Ur-Energy during the fourth quarter worth approximately $4,574,000. Finally, State Street Corp boosted its position in shares of Ur-Energy by 19.1% in the third quarter. State Street Corp now owns 3,383,899 shares of the basic materials company’s stock valued at $4,027,000 after acquiring an additional 541,777 shares during the period. Institutional investors own 57.51% of the company’s stock.

Ur-Energy Company Profile

Ur-Energy Inc engages in the acquisition, exploration, development, and operation of uranium mineral properties. The company holds interests in 12 projects located in the United States. Its flagship property is the Lost Creek project comprising a total of approximately 1,800 unpatented mining claims and three Wyoming mineral leases covering an area of approximately 35,400 acres located in the Great Divide Basin, Wyoming.