Uranium Resources, Inc. (URRE) Given a $3.00 Price Target at Roth Capital
Uranium Resources, Inc. (NASDAQ:URRE) has been given a $3.00 price target by Roth Capital in a report issued on Wednesday. The firm currently has a “buy” rating on the basic materials company’s stock. Roth Capital’s price target would suggest a potential upside of 100.00% from the stock’s current price.
Separately, Zacks Investment Research raised Uranium Resources from a “hold” rating to a “buy” rating and set a $2.00 price objective for the company in a research report on Wednesday, March 22nd.
Uranium Resources (NASDAQ:URRE) traded up 0.67% on Wednesday, hitting $1.50. 143,156 shares of the stock were exchanged. Uranium Resources has a 52-week low of $0.97 and a 52-week high of $4.00. The stock’s 50 day moving average price is $1.72 and its 200 day moving average price is $1.76. The firm’s market cap is $36.74 million.
A number of institutional investors have recently added to or reduced their stakes in URRE. Citadel Advisors LLC purchased a new position in Uranium Resources during the first quarter valued at $293,000. Dimensional Fund Advisors LP purchased a new position in Uranium Resources during the first quarter valued at $388,000. Geode Capital Management LLC increased its position in Uranium Resources by 546.1% in the first quarter. Geode Capital Management LLC now owns 165,848 shares of the basic materials company’s stock valued at $311,000 after buying an additional 140,179 shares in the last quarter. Finally, Vanguard Group Inc. increased its position in Uranium Resources by 76.8% in the first quarter. Vanguard Group Inc. now owns 252,168 shares of the basic materials company’s stock valued at $474,000 after buying an additional 109,501 shares in the last quarter. 1.08% of the stock is owned by institutional investors.
Uranium Resources Company Profile
Uranium Resources, Inc is engaged in developing energy-related metals. As of December 16, 2016, the Company had developed land position in two prospective lithium brine basins in Nevada and Utah in preparation for exploration and development of any resources that may be discovered there. In addition, it remains focused on advancing the Temrezli in-situ recovery (ISR) uranium project in Central Turkey when uranium prices permit economic development of this project.
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