Maxim Group initiated coverage on shares of Ur Energy (NYSEAMERICAN:URG - Get Free Report) TSE: URE in a research report issued to clients and investors on Friday,Briefing.com Automated Import reports. The brokerage set a "buy" rating and a $3.00 price target on the basic materials company's stock. Maxim Group's price objective would suggest a potential upside of 122.22% from the stock's current price.
A number of other analysts have also recently commented on the stock. B. Riley initiated coverage on shares of Ur Energy in a report on Wednesday. They set a "buy" rating and a $2.00 target price on the stock. Alliance Global Partners reiterated a "buy" rating on shares of Ur Energy in a research note on Tuesday, April 15th. Finally, HC Wainwright reiterated a "buy" rating and issued a $2.70 target price on shares of Ur Energy in a research note on Tuesday, April 15th. Four research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Buy" and a consensus target price of $2.48.
Read Our Latest Research Report on URG
Ur Energy Stock Performance
Shares of URG opened at $1.35 on Friday. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.83 and a quick ratio of 3.70. Ur Energy has a one year low of $0.55 and a one year high of $1.41. The stock has a 50-day moving average of $1.02 and a 200-day moving average of $0.96. The company has a market cap of $492.51 million, a PE ratio of -10.38 and a beta of 0.96.
Institutional Investors Weigh In On Ur Energy
Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Ameriprise Financial Inc. purchased a new stake in shares of Ur Energy during the 4th quarter worth approximately $54,000. Wellington Management Group LLP bought a new position in shares of Ur Energy in the fourth quarter worth approximately $58,000. Northern Trust Corp increased its holdings in Ur Energy by 10.8% during the fourth quarter. Northern Trust Corp now owns 2,240,511 shares of the basic materials company's stock valued at $2,577,000 after buying an additional 218,160 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Ur Energy by 5.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 853,212 shares of the basic materials company's stock worth $981,000 after purchasing an additional 41,792 shares in the last quarter. Finally, ProShare Advisors LLC grew its stake in Ur Energy by 55.4% during the fourth quarter. ProShare Advisors LLC now owns 99,624 shares of the basic materials company's stock valued at $115,000 after acquiring an additional 35,534 shares in the last quarter. 57.51% of the stock is currently owned by institutional investors.
Ur Energy Company Profile
(
Get Free Report)
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.
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