Ur-Energy (NYSEAMERICAN:URG) Receives “Buy” Rating from HC Wainwright

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

Ur-Energy Stock Performance

Shares of URG stock opened at $0.66 on Tuesday. The firm has a fifty day moving average of $0.84 and a 200-day moving average of $1.09. Ur-Energy has a 52-week low of $0.55 and a 52-week high of $1.90. The stock has a market cap of $240.31 million, a price-to-earnings ratio of -5.08 and a beta of 1.10.

Institutional Investors Weigh In On Ur-Energy

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Geode Capital Management LLC boosted its stake in shares of Ur-Energy by 21.8% in the 3rd quarter. Geode Capital Management LLC now owns 3,886,655 shares of the basic materials company’s stock valued at $4,625,000 after purchasing an additional 695,487 shares during the last quarter. BNP Paribas Financial Markets boosted its stake in Ur-Energy by 62.9% in the third quarter. BNP Paribas Financial Markets now owns 158,693 shares of the basic materials company’s stock valued at $189,000 after acquiring an additional 61,260 shares during the last quarter. Rhumbline Advisers boosted its stake in Ur-Energy by 136.5% in the fourth quarter. Rhumbline Advisers now owns 855,090 shares of the basic materials company’s stock valued at $983,000 after acquiring an additional 493,504 shares during the last quarter. Jane Street Group LLC grew its holdings in Ur-Energy by 128.4% during the 3rd quarter. Jane Street Group LLC now owns 333,488 shares of the basic materials company’s stock worth $397,000 after acquiring an additional 187,496 shares during the period. Finally, State Street Corp raised its position in shares of Ur-Energy by 19.1% during the 3rd 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 last quarter. 57.51% of the stock is owned by institutional investors and hedge funds.

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.