Ur Energy Inc (NYSEAMERICAN:URG) Given Average Recommendation of “Buy” by Brokerages

Shares of Ur Energy Inc (NYSEAMERICAN:URG) (TSE:URE) have been given a consensus recommendation of “Buy” by the six research firms that are covering the stock, MarketBeat.com reports. Four equities research analysts have rated the stock with a buy recommendation and two have given a strong buy recommendation to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $2.5667.

A number of equities research analysts have issued reports on URG shares. HC Wainwright restated a “buy” rating and set a $2.30 price target on shares of Ur Energy in a report on Monday, April 27th. B. Riley Financial upgraded Ur Energy to a “strong-buy” rating in a report on Thursday, May 14th. Canaccord Genuity Group started coverage on Ur Energy in a research report on Thursday, April 2nd. They set a “buy” rating and a $3.25 price objective for the company. Roth Mkm restated a “buy” rating and issued a $2.00 target price on shares of Ur Energy in a research note on Tuesday, May 12th. Finally, Northland Securities set a $2.35 target price on Ur Energy in a research report on Tuesday, May 12th.

Insider Activity at Ur Energy

In other news, VP Jade Walle acquired 107,900 shares of the company’s stock in a transaction that occurred on Wednesday, March 18th. The shares were purchased at an average price of $1.39 per share, for a total transaction of $149,981.00. Following the completion of the acquisition, the vice president owned 251,900 shares of the company’s stock, valued at approximately $350,141. This represents a 74.93% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 1.63% of the company’s stock.

Institutional Trading of Ur Energy

A number of institutional investors have recently added to or reduced their stakes in URG. Azarias Capital Management L.P. increased its stake in shares of Ur Energy by 3.3% during the 4th quarter. Azarias Capital Management L.P. now owns 13,950,155 shares of the basic materials company’s stock worth $19,391,000 after purchasing an additional 445,857 shares during the last quarter. Alps Advisors Inc. lifted its stake in shares of Ur Energy by 1.6% in the 3rd quarter. Alps Advisors Inc. now owns 39,200,846 shares of the basic materials company’s stock valued at $70,170,000 after purchasing an additional 624,842 shares during the last quarter. Hennion & Walsh Asset Management Inc. boosted its holdings in Ur Energy by 183.8% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 619,031 shares of the basic materials company’s stock worth $860,000 after purchasing an additional 400,881 shares in the last quarter. Simcoe Capital LLC bought a new stake in Ur Energy in the fourth quarter worth $2,173,000. Finally, Gabelli Funds LLC increased its position in Ur Energy by 500.0% during the fourth quarter. Gabelli Funds LLC now owns 120,000 shares of the basic materials company’s stock worth $167,000 after buying an additional 100,000 shares during the last quarter. 57.51% of the stock is currently owned by institutional investors and hedge funds.

Ur Energy Stock Performance

Shares of URG opened at $1.55 on Tuesday. The company’s 50 day moving average price is $1.60 and its 200 day moving average price is $1.55. Ur Energy has a 52 week low of $0.74 and a 52 week high of $2.35. The company has a market capitalization of $615.86 million, a PE ratio of -6.46 and a beta of 0.92. The company has a debt-to-equity ratio of 0.83, a quick ratio of 3.63 and a current ratio of 4.44.

Ur Energy Company Profile

Ur-Energy Inc is a U.S.‐based uranium mining company focused on the exploration, development and production of uranium to serve the global nuclear power industry. The company’s core expertise centers on in situ recovery (ISR) mining techniques, which involve the extraction of uranium from sandstone formations using a low-environmental-impact process that recovers uranium in solution. Through this approach, Ur-Energy strives to maintain efficient production while minimizing surface disturbance, water usage and waste generation.

The company’s flagship asset is the Lost Creek Project in Wyoming’s Great Divide Basin, which commenced commercial production in 2013.