Ur Energy (NYSEAMERICAN:URG) Now Covered by Canaccord Genuity Group

Stock analysts at Canaccord Genuity Group assumed coverage on shares of Ur Energy (NYSEAMERICAN:URG) (TSE:URE) in a note issued to investors on Thursday, MarketBeat Ratings reports. The firm set a “buy” rating on the basic materials company’s stock.

Separately, HC Wainwright cut their price objective on Ur Energy from $2.60 to $2.30 and set a “buy” rating for the company in a research report on Thursday, March 12th. One investment analyst has rated the stock with a Strong Buy rating and six have given a Buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $2.35.

Ur Energy Price Performance

Shares of Ur Energy stock opened at $1.44 on Thursday. Ur Energy has a 52 week low of $0.55 and a 52 week high of $2.35. The company has a current ratio of 5.44, a quick ratio of 4.56 and a debt-to-equity ratio of 0.87. The stock has a market cap of $554.36 million, a PE ratio of -7.20 and a beta of 0.84. The company’s 50-day moving average price is $1.60 and its two-hundred day moving average price is $1.56.

Insider Buying and Selling

In other news, VP Jade Walle bought 107,900 shares of the firm’s stock in a transaction on Wednesday, March 18th. The stock was bought at an average cost of $1.39 per share, for a total transaction of $149,981.00. Following the completion of the acquisition, the vice president directly owned 251,900 shares in the company, valued at $350,141. This represents a 74.93% increase in their position. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 1.86% of the company’s stock.

Institutional Investors Weigh In On Ur Energy

Large investors have recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd boosted its stake in Ur Energy by 324.2% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 247,275 shares of the basic materials company’s stock worth $344,000 after purchasing an additional 188,981 shares during the period. Pacer Advisors Inc. acquired a new stake in Ur Energy during the 4th quarter valued at $1,662,000. Old West Investment Management LLC raised its stake in Ur Energy by 100.0% during the 4th quarter. Old West Investment Management LLC now owns 55,110 shares of the basic materials company’s stock valued at $77,000 after purchasing an additional 27,553 shares during the period. Schonfeld Strategic Advisors LLC purchased a new stake in shares of Ur Energy in the fourth quarter valued at $52,000. Finally, Jain Global LLC purchased a new stake in shares of Ur Energy in the fourth quarter valued at $96,000. Institutional investors and hedge funds own 57.51% of the company’s stock.

Ur Energy Company Profile

Ur-Energy Inc is a U.S.‐based uranium mining company focused on the exploration, development and production of uranium to serve the global nuclear power industry. The company’s core expertise centers on in situ recovery (ISR) mining techniques, which involve the extraction of uranium from sandstone formations using a low-environmental-impact process that recovers uranium in solution. Through this approach, Ur-Energy strives to maintain efficient production while minimizing surface disturbance, water usage and waste generation.

The company’s flagship asset is the Lost Creek Project in Wyoming’s Great Divide Basin, which commenced commercial production in 2013.