Zacks Investment Research upgraded shares of Uranium Resources, Inc. (NASDAQ:URRE) from a hold rating to a buy rating in a research report report published on Wednesday morning. Zacks Investment Research currently has $1.50 price objective on the basic materials company’s stock.
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. “
Several other equities analysts also recently commented on the stock. Roth Capital set a $3.00 price target on shares of Uranium Resources and gave the stock a buy rating in a research note on Wednesday, May 24th. ValuEngine downgraded shares of Uranium Resources from a sell rating to a strong sell rating in a research note on Wednesday, June 7th.
Shares of Uranium Resources (NASDAQ:URRE) traded down 2.014% during mid-day trading on Wednesday, reaching $1.411. The company’s stock had a trading volume of 169,795 shares. The stock’s market cap is $34.59 million. Uranium Resources has a one year low of $0.97 and a one year high of $4.00. The stock has a 50 day moving average of $1.52 and a 200-day moving average of $1.78.
A number of large investors have recently made changes to their positions in the stock. 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 worth $474,000 after buying an additional 109,501 shares during the period. Dimensional Fund Advisors LP bought a new stake in shares of Uranium Resources during the first quarter worth $388,000. 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 worth $311,000 after buying an additional 140,179 shares during the period. Finally, Citadel Advisors LLC bought a new stake in shares of Uranium Resources during the first quarter worth $293,000. 6.03% of the stock is owned by hedge funds and other 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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