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

Ur-Energy (NYSEAMERICAN:URG) (TSE:URE)‘s stock had its “buy” rating reaffirmed by stock analysts at HC Wainwright in a note issued to investors on Tuesday,Benzinga reports. They currently have a $2.70 price objective on the basic materials company’s stock. HC Wainwright’s target price would indicate a potential upside of 167.33% from the stock’s current price.

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 Down 1.0 %

Shares of URG opened at $1.01 on Tuesday. The firm has a market capitalization of $367.74 million, a P/E ratio of -7.77 and a beta of 1.10. Ur-Energy has a 52-week low of $0.96 and a 52-week high of $1.90.

Hedge Funds Weigh In On Ur-Energy

A number of large investors have recently added to or reduced their stakes in the company. FMR LLC lifted its holdings in shares of Ur-Energy by 1,864.0% during the 3rd quarter. FMR LLC now owns 29,519 shares of the basic materials company’s stock valued at $35,000 after purchasing an additional 28,016 shares during the last quarter. Cibc World Markets Corp acquired a new position in Ur-Energy during the 4th quarter valued at about $38,000. Brave Asset Management Inc. purchased a new stake in Ur-Energy in the fourth quarter valued at about $41,000. Wellington Management Group LLP purchased a new stake in Ur-Energy in the fourth quarter valued at about $58,000. Finally, Intech Investment Management LLC acquired a new stake in Ur-Energy in the third quarter worth about $73,000. 57.51% of the stock is currently 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.