Uranium Resources, Inc. (URRE) Stock Rating Lowered by Zacks Investment Research
Uranium Resources, Inc. (NASDAQ:URRE) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued on Thursday.
According to Zacks, “Uranium Resources, Inc. was formed in 1977 and incorporated in the state of Delaware in 1987 to acquire, explore and develop properties for the mining of uranium (hereinafter sometimes referred to as U3 08) in the United States using the in situ leach mining process (ISL). The Company has two developed mining properties – Kingsville Dome and Rosita – both located in South Texas. “
Other analysts have also recently issued reports about the stock. Roth Capital set a $3.00 price objective on shares of Uranium Resources and gave the company a “buy” rating in a research note on Wednesday, May 24th. ValuEngine cut shares of Uranium Resources from a “sell” rating to a “strong sell” rating in a research note on Wednesday, June 7th.
Uranium Resources (NASDAQ URRE) opened at 1.47 on Thursday. Uranium Resources has a 52-week low of $0.97 and a 52-week high of $4.00. The stock’s market capitalization is $36.03 million. The stock’s 50 day moving average price is $1.56 and its 200 day moving average price is $1.78.
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Several hedge funds have recently made changes to their positions in URRE. Citadel Advisors LLC bought a new stake in shares of Uranium Resources during the first quarter valued at about $293,000. Geode Capital Management LLC boosted its stake in shares of 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. Dimensional Fund Advisors LP bought a new stake in shares of Uranium Resources during the first quarter valued at about $388,000. Finally, Vanguard Group Inc. boosted its stake in shares of 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. 6.03% of the stock is owned by institutional investors.
About Uranium Resources
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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