B. Riley Initiates Coverage on Ur Energy (NYSEAMERICAN:URG)

B. Riley began coverage on shares of Ur Energy (NYSEAMERICAN:URG - Free Report) TSE: URE in a report released on Wednesday. The brokerage issued a buy rating and a $2.00 target price on the basic materials company's stock.

A number of other equities research analysts have also recently weighed in on URG. HC Wainwright reiterated a "buy" rating and issued a $2.70 price objective 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 research report on Tuesday, April 15th. Four investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Ur Energy currently has an average rating of "Buy" and an average target price of $2.48.

Ur Energy Trading Up 3.7%

Shares of URG traded up $0.05 during midday trading on Wednesday, reaching $1.40. The company had a trading volume of 4,702,340 shares, compared to its average volume of 8,129,849. The firm has a 50 day simple moving average of $1.03 and a 200-day simple moving average of $0.96. The company has a quick ratio of 3.70, a current ratio of 4.83 and a debt-to-equity ratio of 0.01. The stock has a market cap of $510.75 million, a PE ratio of -10.77 and a beta of 0.96. Ur Energy has a 1-year low of $0.55 and a 1-year high of $1.42.

Hedge Funds Weigh In On Ur Energy

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Personalized Indexing Management LLC boosted its holdings in shares of Ur Energy by 35.4% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 33,937 shares of the basic materials company's stock worth $36,000 after acquiring an additional 8,879 shares in the last quarter. Cibc World Markets Corp bought a new stake in shares of Ur Energy in the 4th quarter valued at $38,000. Atria Wealth Solutions Inc. bought a new stake in shares of Ur Energy in the 2nd quarter valued at $38,000. Tower Research Capital LLC TRC raised its stake in shares of Ur Energy by 178.5% in the 4th quarter. Tower Research Capital LLC TRC now owns 34,940 shares of the basic materials company's stock valued at $40,000 after purchasing an additional 22,395 shares during the period. Finally, Militia Capital Partners LP bought a new stake in Ur Energy in the 1st quarter valued at approximately $40,000. 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.