Uranium Resources, Inc. (NASDAQ:URRE) Given $3.00 Consensus Target Price by Brokerages
Uranium Resources, Inc. (NASDAQ:URRE) has received a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that cover the company, Zacks Investment Research reports. One research analyst has rated the stock with a strong buy rating.
Analysts have set a 12 month consensus target price of $3.00 for the company and are expecting that the company will post ($0.13) earnings per share for the current quarter, according to Zacks. Zacks has also assigned Uranium Resources an industry rank of 239 out of 265 based on the ratings given to its competitors.
A number of equities research analysts have recently commented on URRE shares. Zacks Investment Research raised shares of Uranium Resources from a “hold” rating to a “buy” rating and set a $1.75 target price for the company in a report on Wednesday, June 14th. Roth Capital set a $3.00 target price on shares of Uranium Resources and gave the company a “buy” rating in a report on Wednesday, May 24th. Finally, ValuEngine raised shares of Uranium Resources from a “strong sell” rating to a “sell” rating in a report on Tuesday, June 27th.
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Shares of Uranium Resources (URRE) traded down 1.25% during trading on Friday, reaching $1.58. The company had a trading volume of 271,161 shares. The firm has a 50-day moving average of $1.49 and a 200 day moving average of $1.80. Uranium Resources has a 1-year low of $0.97 and a 1-year high of $4.00. The firm’s market capitalization is $38.73 million.
An institutional investor recently bought a new position in Uranium Resources stock. Citadel Advisors LLC purchased a new stake in Uranium Resources, Inc. (NASDAQ:URRE) during the first quarter, according to its most recent 13F filing with the SEC. The fund purchased 155,634 shares of the basic materials company’s stock, valued at approximately $293,000. Citadel Advisors LLC owned approximately 0.64% of Uranium Resources at the end of the most recent reporting period. 6.03% of the stock is owned by hedge funds and other 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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