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

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

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

Ur-Energy Stock Performance

URG stock traded up $0.02 during trading on Tuesday, reaching $1.02. The stock had a trading volume of 1,727,429 shares, compared to its average volume of 3,867,140. Ur-Energy has a 52 week low of $0.96 and a 52 week high of $1.90. The company has a market cap of $369.56 million, a price-to-earnings ratio of -7.81 and a beta of 1.10.

Institutional Investors Weigh In On Ur-Energy

Several institutional investors have recently modified their holdings of the stock. Quantbot Technologies LP bought a new stake in shares of Ur-Energy during the 4th quarter worth approximately $159,000. Cibc World Markets Corp bought a new stake in shares of Ur-Energy during the 4th quarter worth approximately $38,000. Charles Schwab Investment Management Inc. lifted its stake in shares of Ur-Energy by 5.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 853,212 shares of the basic materials company’s stock worth $981,000 after acquiring an additional 41,792 shares during the last quarter. Sprott Inc. lifted its stake in shares of Ur-Energy by 66.8% during the 4th quarter. Sprott Inc. now owns 171,144 shares of the basic materials company’s stock worth $197,000 after acquiring an additional 68,510 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in shares of Ur-Energy by 8.9% during the 4th quarter. Bank of New York Mellon Corp now owns 749,809 shares of the basic materials company’s stock worth $862,000 after acquiring an additional 61,391 shares during the last quarter. 57.51% of the stock is owned by 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.