HC Wainwright Reiterates $1.40 Price Target for Ur-Energy (NYSEAMERICAN:URG)

Ur-Energy (NYSEAMERICAN:URG) (TSE:URE) has been assigned a $1.40 price objective by investment analysts at HC Wainwright in a report issued on Tuesday, October 16th. The brokerage presently has a “buy” rating on the basic materials company’s stock. HC Wainwright’s target price suggests a potential upside of 86.69% from the company’s current price.

The analysts wrote, “We reiterate our Buy rating while reducing our per share PT to $1.40 from $1.50. Our lowered PT is solely due to a higher share count following the firm’s recent capital raise that issued shares below the NAV of the firm.””

Other equities research analysts have also issued research reports about the stock. Zacks Investment Research upgraded shares of Ur-Energy from a “hold” rating to a “strong-buy” rating and set a $0.75 price objective for the company in a research note on Wednesday, July 18th. TheStreet upgraded shares of Ur-Energy from a “d+” rating to a “c” rating in a research note on Monday, June 18th.

Shares of NYSEAMERICAN URG traded down $0.03 during trading on Tuesday, hitting $0.75. 447,342 shares of the company traded hands, compared to its average volume of 675,335. Ur-Energy has a fifty-two week low of $0.55 and a fifty-two week high of $0.93.

Ur-Energy (NYSEAMERICAN:URG) (TSE:URE) last posted its earnings results on Friday, October 26th. The basic materials company reported ($0.02) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.03) by $0.01.

A hedge fund recently raised its stake in Ur-Energy stock. Bienville Capital Management LLC grew its stake in shares of Ur-Energy Inc. (NYSEAMERICAN:URG) (TSE:URE) by 535.0% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,377,791 shares of the basic materials company’s stock after acquiring an additional 1,160,802 shares during the period. Bienville Capital Management LLC owned about 0.94% of Ur-Energy worth $923,000 at the end of the most recent reporting period.

About Ur-Energy

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 principal 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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