HC Wainwright Reiterates Buy Rating for Ur-Energy (NYSEAMERICAN:URG)

Ur-Energy (NYSEAMERICAN:URG) (TSE:URE)‘s stock had its “buy” rating reaffirmed by investment 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 target price would indicate a potential upside of 167.33% from the company’s current price.

Separately, Roth Mkm reaffirmed a “buy” rating and issued a $2.20 price target (up from $1.90) on shares of Ur-Energy in a report on Wednesday, October 23rd.

Ur-Energy Stock Down 1.0 %

URG opened at $1.01 on Tuesday. Ur-Energy has a 12-month low of $0.96 and a 12-month high of $1.90. The company has a market cap of $367.74 million, a price-to-earnings ratio of -7.77 and a beta of 1.10.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Geode Capital Management LLC increased its position in shares of Ur-Energy by 21.8% in the third quarter. Geode Capital Management LLC now owns 3,886,655 shares of the basic materials company’s stock valued at $4,625,000 after buying an additional 695,487 shares in the last quarter. Segra Capital Management LLC grew its stake in Ur-Energy by 47.2% in the 3rd quarter. Segra Capital Management LLC now owns 20,945,798 shares of the basic materials company’s stock valued at $25,067,000 after acquiring an additional 6,718,094 shares during the period. Fourth Sail Capital LP purchased a new stake in Ur-Energy in the 3rd quarter worth $20,840,000. BNP Paribas Financial Markets raised its position in Ur-Energy by 62.9% during the third quarter. BNP Paribas Financial Markets now owns 158,693 shares of the basic materials company’s stock worth $189,000 after acquiring an additional 61,260 shares during the period. Finally, Mirabella Financial Services LLP purchased a new position in Ur-Energy during the third quarter valued at $3,209,000. Hedge funds and other 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.