Ur-Energy’s (URG) Buy Rating Reiterated at HC Wainwright

Ur-Energy (NYSEAMERICAN:URG) (TSE:URE)‘s stock had its “buy” rating reissued by research analysts at HC Wainwright in a report released on Tuesday,Benzinga reports. They currently have a $2.70 price target on the basic materials company’s stock. HC Wainwright’s price objective suggests a potential upside of 166.01% from the stock’s previous close.

Separately, Roth Mkm reiterated 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 Up 1.5 %

URG traded up $0.02 during trading on Tuesday, hitting $1.02. 1,727,429 shares of the stock were exchanged, compared to its average volume of 3,867,140. Ur-Energy has a 1 year low of $0.96 and a 1 year high of $1.90. The company has a market capitalization of $369.56 million, a P/E ratio of -7.81 and a beta of 1.10.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in URG. Segra Capital Management LLC lifted its position in Ur-Energy by 47.2% during the 3rd quarter. Segra Capital Management LLC now owns 20,945,798 shares of the basic materials company’s stock worth $25,067,000 after acquiring an additional 6,718,094 shares during the period. The Manufacturers Life Insurance Company lifted its position in Ur-Energy by 16,425.3% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 17,650,333 shares of the basic materials company’s stock worth $21,004,000 after acquiring an additional 17,543,525 shares during the period. Fourth Sail Capital LP acquired a new stake in Ur-Energy during the 3rd quarter worth about $20,840,000. Geode Capital Management LLC lifted its position in Ur-Energy by 21.8% during the 3rd quarter. Geode Capital Management LLC now owns 3,886,655 shares of the basic materials company’s stock worth $4,625,000 after acquiring an additional 695,487 shares during the period. Finally, State Street Corp lifted its position in 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 worth $4,027,000 after acquiring an additional 541,777 shares during the period. 57.51% of the stock is currently owned by hedge funds and other institutional investors.

About Ur-Energy

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.