HC Wainwright reissued their buy rating on shares of Ur-Energy (NYSEAMERICAN:URG) (TSE:URE) in a report released on Monday, AnalystRatings.com reports. The brokerage currently has a $1.20 price target on the basic materials company’s stock, up from their previous price target of $1.10.
“We reiterate our Buy rating while slightly raising our PT to $1.20 per share from $1.10 per share. Our valuation remains based on a DCF of operations, utilizing an 8% discount rate. The primary adjustment to our model is an increase in our valuation for non-core assets of the firm.”,” the firm’s analyst wrote.
Several other analysts have also recently commented on URG. Zacks Investment Research cut Ur-Energy from a hold rating to a strong sell rating in a report on Friday, July 19th. TheStreet cut Ur-Energy from a c- rating to a d+ rating in a report on Tuesday, July 30th.
Ur-Energy (NYSEAMERICAN:URG) (TSE:URE) last announced its earnings results on Friday, August 2nd. The basic materials company reported ($0.01) EPS for the quarter. The company had revenue of $11.48 million during the quarter, compared to analyst estimates of $11.50 million.
In related news, Director James M. Franklin sold 50,000 shares of the stock in a transaction on Friday, June 21st. The stock was sold at an average price of $0.92, for a total value of $46,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in URG. Genesee Capital Advisors LLC purchased a new stake in shares of Ur-Energy during the 2nd quarter valued at $28,000. Rathbone Brothers plc increased its position in shares of Ur-Energy by 84.2% during the 1st quarter. Rathbone Brothers plc now owns 70,000 shares of the basic materials company’s stock valued at $58,000 after purchasing an additional 32,000 shares during the last quarter. Cetera Advisors LLC increased its position in shares of Ur-Energy by 7.5% during the 2nd quarter. Cetera Advisors LLC now owns 602,256 shares of the basic materials company’s stock valued at $565,000 after purchasing an additional 41,877 shares during the last quarter. Bank of Montreal Can purchased a new stake in shares of Ur-Energy during the 2nd quarter valued at $66,000. Finally, Verition Fund Management LLC purchased a new stake in shares of Ur-Energy during the 2nd quarter valued at $146,000.
Ur-Energy Inc engages in the acquisition, exploration, development, and operation of uranium mineral properties. The company holds interests in 13 projects located in the United States. Its flagship property is the Lost Creek project comprising a total of approximately 1,900 unpatented mining claims and 3 Wyoming mineral leases covering an area of approximately 37,500 acres located in the Great Divide Basin, Wyoming.
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