Ur Energy (NYSEAMERICAN:URG) Coverage Initiated at Maxim Group

Key Points

• Maxim Group has initiated coverage on Ur Energy, giving the stock a "buy" rating and a price target of $3.00, which indicates a potential upside of 122.22%.
• Ur Energy's stock has garnered positive sentiments from other analysts, with several maintaining buy ratings and an average consensus target price of $2.48.
• The company has a market capitalization of approximately $492.51 million and a significant portion of its stock, about 57.51%, is owned by institutional investors.

Maxim Group initiated coverage on shares of Ur Energy (NYSEAMERICAN:URG - Free Report) TSE: URE in a report published on Friday, MarketBeat.com reports. The firm issued a buy rating and a $3.00 price objective on the basic materials company's stock.

A number of other brokerages have also recently commented on URG. HC Wainwright reaffirmed a "buy" rating and issued a $2.70 price target on shares of Ur Energy in a research note on Tuesday, April 15th. Alliance Global Partners restated a "buy" rating on shares of Ur Energy in a report on Tuesday, April 15th. Finally, B. Riley started coverage on shares of Ur Energy in a report on Wednesday, July 23rd. They set a "buy" rating and a $2.00 price target for the company. Four analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average price target of $2.48.

Ur Energy Stock Performance

Shares of URG stock traded down $0.14 during trading hours on Friday, hitting $1.28. 3,262,782 shares of the company were exchanged, compared to its average volume of 5,489,689. The stock has a market capitalization of $465.15 million, a price-to-earnings ratio of -9.81 and a beta of 0.96. The company has a current ratio of 4.83, a quick ratio of 3.70 and a debt-to-equity ratio of 0.01. The firm has a fifty day simple moving average of $1.05 and a 200 day simple moving average of $0.96. Ur Energy has a 52-week low of $0.55 and a 52-week high of $1.42.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in URG. CenterBook Partners LP boosted its holdings in Ur Energy by 206.0% during the 1st quarter. CenterBook Partners LP now owns 12,172,000 shares of the basic materials company's stock valued at $8,205,000 after acquiring an additional 8,194,631 shares during the period. Alps Advisors Inc. increased its stake in Ur Energy by 21.9% during the first quarter. Alps Advisors Inc. now owns 40,898,293 shares of the basic materials company's stock worth $27,570,000 after purchasing an additional 7,341,627 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Ur Energy by 22.0% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 24,265,195 shares of the basic materials company's stock worth $16,477,000 after purchasing an additional 4,372,738 shares in the last quarter. Nuveen LLC purchased a new position in shares of Ur Energy in the first quarter valued at approximately $539,000. Finally, Old West Investment Management LLC purchased a new position in shares of Ur Energy in the fourth quarter valued at approximately $920,000. Hedge funds and other institutional investors own 57.51% of the company's stock.

Ur Energy Company Profile

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.