Ur-Energy's (URG) Buy Rating Reiterated at HC Wainwright

HC Wainwright reiterated their buy rating on shares of Ur-Energy (NYSEAMERICAN:URG - Free Report) TSE: URE in a research report report published on Tuesday morning,Benzinga reports. They currently have a $2.70 target price on the basic materials company's stock.

Separately, Roth Mkm reiterated a "buy" rating and issued a $2.20 price objective (up previously from $1.90) on shares of Ur-Energy in a report on Wednesday, October 23rd.

Ur-Energy Price Performance

URG stock traded down $0.02 during trading on Tuesday, reaching $0.98. 4,476,712 shares of the company were exchanged, compared to its average volume of 4,095,973. The stock has a market cap of $355.76 million, a price-to-earnings ratio of -7.52 and a beta of 1.10. Ur-Energy has a twelve month low of $0.96 and a twelve month high of $1.90.

Institutional Trading of Ur-Energy

Large investors have recently made changes to their positions in the company. Segra Capital Management LLC grew its holdings in shares of Ur-Energy by 47.2% during the third quarter. Segra Capital Management LLC now owns 20,945,798 shares of the basic materials company's stock valued at $25,067,000 after buying an additional 6,718,094 shares during the last quarter. The Manufacturers Life Insurance Company lifted its position in Ur-Energy by 16,425.3% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 17,650,333 shares of the basic materials company's stock valued at $21,004,000 after acquiring an additional 17,543,525 shares in the last quarter. Fourth Sail Capital LP acquired a new position in Ur-Energy during the 3rd quarter valued at about $20,840,000. Vanguard Group Inc. increased its holdings in Ur-Energy by 5.8% during the 4th quarter. Vanguard Group Inc. now owns 13,972,880 shares of the basic materials company's stock worth $16,069,000 after purchasing an additional 768,541 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of Ur-Energy by 3.3% in the fourth quarter. Geode Capital Management LLC now owns 4,015,167 shares of the basic materials company's stock worth $4,617,000 after purchasing an additional 128,512 shares during the last quarter. 57.51% of the stock is currently owned by institutional investors and hedge funds.

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.