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

HC Wainwright reaffirmed their buy rating on shares of Ur Energy (NYSEAMERICAN:URG) (TSE:URE) in a research note issued to investors on Monday,Benzinga reports. HC Wainwright currently has a $2.30 price objective on the basic materials company’s stock.

Separately, Canaccord Genuity Group started coverage on shares of Ur Energy in a research report on Thursday, April 2nd. They issued a “buy” rating and a $3.25 target price on the stock. One research analyst has rated the stock with a Strong Buy rating and five have given a Buy rating to the company’s stock. According to MarketBeat.com, Ur Energy has a consensus rating of “Buy” and an average price target of $2.50.

Ur Energy Stock Performance

Ur Energy stock opened at $1.77 on Monday. The firm’s 50 day simple moving average is $1.56 and its 200-day simple moving average is $1.55. The company has a market cap of $703.27 million, a P/E ratio of -8.85 and a beta of 0.84. The company has a debt-to-equity ratio of 0.87, a current ratio of 5.44 and a quick ratio of 4.56. Ur Energy has a fifty-two week low of $0.67 and a fifty-two week high of $2.35.

Insider Buying and Selling at Ur Energy

In other news, VP Jade Walle bought 107,900 shares of the company’s stock in a transaction dated Wednesday, March 18th. The shares were acquired at an average cost of $1.39 per share, with a total value of $149,981.00. Following the completion of the transaction, the vice president directly owned 251,900 shares in the company, valued at approximately $350,141. The trade was a 74.93% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 3.29% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Bravias Capital Group LLC purchased a new position in Ur Energy during the third quarter valued at approximately $27,000. Stratos Wealth Advisors LLC purchased a new position in Ur Energy during the third quarter valued at approximately $32,000. Gabelli Funds LLC purchased a new position in Ur Energy during the third quarter valued at approximately $36,000. TD Waterhouse Canada Inc. grew its position in Ur Energy by 378.8% during the fourth quarter. TD Waterhouse Canada Inc. now owns 24,900 shares of the basic materials company’s stock valued at $33,000 after purchasing an additional 19,700 shares in the last quarter. Finally, Old West Investment Management LLC grew its position in Ur Energy by 63.1% during the third quarter. Old West Investment Management LLC now owns 27,557 shares of the basic materials company’s stock valued at $49,000 after purchasing an additional 10,660 shares in the last quarter. 57.51% of the stock is owned by hedge funds and other institutional investors.

About Ur Energy

Ur-Energy Inc is a U.S.‐based uranium mining company focused on the exploration, development and production of uranium to serve the global nuclear power industry. The company’s core expertise centers on in situ recovery (ISR) mining techniques, which involve the extraction of uranium from sandstone formations using a low-environmental-impact process that recovers uranium in solution. Through this approach, Ur-Energy strives to maintain efficient production while minimizing surface disturbance, water usage and waste generation.

The company’s flagship asset is the Lost Creek Project in Wyoming’s Great Divide Basin, which commenced commercial production in 2013.