Ur-Energy Inc. (TSE:URE) shares gained on Thursday after Dundee Capital Markets reiterated it as a Buy recommendation and maintained its price target of C$1.85.
“Ur-Energy remains our top safety pick in the sector due to 1) very low cash operating costs (pending), even when including well field construction expenses, and 2) high priced contracts. Both factors were impacted in Q2/16, although we don’t believe either is significant for the long term. We expect both to improve dramatically in H2/16,” Dundee said in a note.
“We expect Q2/16 total cash costs to rise a little upon financial reporting next month. This is due to lower production rates and final construction costs related to bringing Header House #13 online in May,” the broker added.
Ur-Energy shares were up 1.3% at C$0.77 on Thursday.
Meanwhile, Crius Energy Trust (TSE:KWH.UN) shares were propelled 3.5% higher to C$8.87 after Mackie Research recommended the stock a Buy with a share price target of $13.00.
“We continue to view Crius as a growth play in the underpenetrated deregulated energy retailer market with the potential for future distribution growth,” Mackie said.
However, Novocure Ltd (NASDAQ:NVCR) shares were 1.4% lower at $11.79. Wedbush has the stock on an Outperform, with 12-month price target of $30.00.
“The second generation Optune system offers several important benefits for the patient. NovoCure announced that it received FDA approval of its next-generation Optune system, which comes in line with expectations and management's guidance that it planned to launch the new system in the third quarter. The new Optune offers patients several advantages over the original device,” said Wedbush.
“Most importantly, it is roughly half the size and weight of the original system, as shown in the figure on page 2. We believe this should improve patient compliance, especially for patients who like to be mobile. While the 1st gen product was manageable for most patients, those more frail may have found it a tad challenging to carry the 6-lb backpack for most of the day,” the analyst added.